Building Good Habits

A major goal of financial planning and taking control of your finances is to build good habits without thinking about what’s happening on a day to day basis.  It’s why people have money automatically pulled from their accounts to fund IRA’s or other savings vehicles. Most of us tend to see money in our checking accounts as money we can spend, so having things automated to allocate those funds in more beneficial ways is incredibly important.  As nurses, doctors, or technicians your focus is on your patients and your career, so you may not have had time to develop those good habits that will serve you well later in life.

Part of the financial planning process is looking at what goals you want to achieve and finding ways to automate the processes that will allow you to reach those goals so that you’re not tempted to deviate from the plan.  A great place to start this process is by looking at budgeting and inputting your household information to see if you’re truly managing the day to day, month to month, finances of your household in an efficient way. If you’re interested in playing around with a free budgeting tool, I recommend starting here and creating a profile for yourself.  If you have questions about building good habits or want some advice on budgeting, feel free to send me a quick message and we can set up a time to meet.