We all know that trends come and go, a type of music may be popular for a few months and then become stale or a hairstyle may define a generation before disappearing from the streets. One thing that hasn’t shifted styles over the years is how to manage money well. People who’ve done it right have tended to do most of the same things when managing their money. Here they are, and they’re worth trying.
Know where you stand
Before you can come up with any sort of financial plan, you need to know where you stand. What’s your income? What are your expenses? Do you have debt and, if so, what’s the interest? Do you have investments? Facts are the foundation of any strategy so relax, focus and get them.