Financial – Activity: Save money and spend wisely
If you have a savings account, use it to save money for goals. If you don’t, get one so you can. Calculate how much you need/want to save to reach your goal and use a chart to measure your progress. Look into ways you can save money. Simplify your life with ideas from Zen Habits to save money.
Understand the difference between wants and needs.
- NEEDS = Basics for living
- WANTS = Wishes beyond Basic Needs
Make a printable list of questions to ask before buying, keep it with you, and refer to it before spending money. Research every major purchase before making a decision with resources at your local library like Consumer Reports, car value guides, etc.
- Calculators and Excel Spreadsheets at Vertex42
- Calculators at Mind Your Finances
- Savings Goal Tracker at Vertex42
- Explore resources at USAA Educational Foundation
- Financial Goals Forms from http://www.squawkfox.com
Financial Literacy Course and more at Money For Goals post
This is one of the weekly activities for a Year of Personal Development.
[…] Save Money and Spend Wisely(dailyplanit.wordpress.com) Did you like this? Share it:Tweet Filed Under: Living […]
[…] Choose a Financial Goal and use a chart to track your progress on saving money. […]