Managing money efficiently may seem like largely a numbers game.
Youve got to earn a certain amount of income to cover all your expenses.
If your income doesnt stretch, try subtracting from your spending.
Love said you’ll be more successful creating your own plan for your money rather than following a “one-size-fits-all” approach to personal finance. This is a cover of her book, “My Money My Way.” Photo courtesy of Daniel Cochran
And dont forget to save aside a certain percentage for retirement and other goals.
But truly becoming a master over your money requires more than just understanding the math.
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
We talk to ourselves and about ourselves in ways that we wouldnt talk to friends or even acquaintances.
We really do tear ourselves down.
Did you know?
It all starts with finding your why, your purpose for embarking on the journey to better your finances.
Your why can be very emotional at the core.
For Love, becoming a mom radically changed the way she viewed her finances.
Tapping into your emotions can also help you figure out what fuels your money habits.
Once I recognized it, then [I could] address it, she said.
Its okay to want something else when it comes to your finances, Love said.
Its okay if [your] spending doesnt look like other peoples.
Its okay if [your] financial goals are not the same as everyone elses.
Figure out what you want for yourself so that take control of your financial life.
This is a journey of self-discovery, she said, not a journey of the numbers.
Nicole Dow is a senior writer at The Penny Hoarder.
When you log into your bank account, how do your savings look?
Probably not as good as youd like.
It always seems like an uphill battle to build (and keep) a decent amount in savings.
But what if your car breaks down, or you have a sudden medical bill?
