One great key to financial sucess is “Being Intentional”. Our lives are molded by the way we think and what we do.  Before you can take action or make an important decision that may change your quality of life, you first must consider your goals and aspirations.  A quality financial life is a journey that starts with serious intentions and leads to making sound financial management decisions. So, what does all that mean, you ask?  It means, being intentionally financial is taking into consideration how you live your everyday life; what you want, what you need, your expenses, cash flow, bills, credits, groceries, shopping, travel, etc. Below you will find 3 important factors to consider when focusing on being intentional with your finances.

  1. Mindset

Adapt a positive mindset when it comes to the money you earn, keep and spend. Treat money with value because you work hard for it. Value money in a positive way and see it as a tool that helps you survive, this includes the food you eat, the shelter you go home to, the clothes you wear, your children’s’ education, eating out with the family, and sharing with relatives and friends in need.

  1. Money Habits

First, discontinue your old spending habits, “Be intentional” and start your good spending habits today. On payday, pay yourself first, then your bills and whatever is left is what I call “Play Money”.  I know it’s the holidays but try to avoid impulsive spending and creating excessive debt. Take some time to plan, make a budget for large dollar items.

  1. Financial Plans

Assess your current financial situation, you will use this assessment as your starting point. Create SMART goals based on your assessment detailing where you want to see yourself in 30, 60, 90-day increments. List them in a notebook with a checklist of action plans for each individual goal. Financial goals may include a specific amount of savings for an emergency fund, insurance, financial investment, education, or travel. Your goals can be short-term or long-term but you must set a specific timeline to achieve them.

Being intentional with your finances means becoming fully aware of how money works in your daily life and managing it in a way that it can provide security, peace of mind, and a quality of life that you and your family will enjoy. If you need help being intentional, with your finances don’t be afraid to ask for help.

 

©2018 by Felicia V. Petit-Frere.  All Rights Reserved. Felicia V Petit-Frere, MBA is a financial coach, founder and CEO of Windsong Financial coaching LLC (WindsongFC.com)  where we help you become financially fit one step at a time.  Join me in a facebook group set up just for you, The Smart Money Maker, we offer free challenges, webinars and do it yourself or group programs.

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