Day 3: What’s Your Money Magic Number?
We’re moving right along and I hope you’re ready for day 3! Today’s topic is a tough one for many people, especially for women. Today we’re talking about- Managing Your Money. I won’t say anything else right now so you can jump right into the video message...
Whew! Ok now I know it’s a lot to take in but it’s so important for us to face our money management so we can work towards using money as a tool to help us accomplish our goals and objectives. As I shared in the video, there’s no shame, where you are is where you are but it’s not where you have to stay. So let’s hit the reset button on your finances by first knowing what we need and what we have.
Today’s activity is to figure out your family’s magic number. That is the amount of money required to meet your family’s needs...leave out the wants for now. After doing that compare it with the income your family generates— is it enough or is there a deficit? Remember, knowing is half the battle; taking the right action is the other half.
As always if you have any questions on today’s topic, send me an email and I will do my very best to support you and point you in the right direction. See you tomorrow!