Post on 15-Jul-2015
How to Make Smarter Money Decisions
#CreditChatWednesdays | 3 p.m. ET
Featuring: Carl Richards @BehaviorGap
Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked to New York Times columnist, Carl Richards, about his new book The One-Page Financial Plan - and we learned how to make smarter money decisions.
“Check Out All the Tweets and Resources:
ex.pn/carlr
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Wh tax mistakes that are easy to make?Why is it easy to make irrational decisions when it comes to money?
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Personal finance is 10% math and 90% emotion. If we grasp that, we can make more rational decisions.
Tweet by @DebbiKing
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We often have a hard time separating “need” from “want”-- knowing the difference can promote better financial habits. Tweet by @emergebenefit
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Humans are emotional creatures, and many of us have a complicated relationship with money.
Tweet by @KaliHawlk
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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Wh tax mistakes that are easy to make?Why does emotion play a big role in how we think about/use money?
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A lot of emotions about money stem from belief systems that are passed down to us or that we picked up from others.
Tweet by @Lenda
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Some people receive a positive emotional response when they buy something new. Spending, to them, is a way to feed this.
Tweet by @LeslieHTayneEsq
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Wh tax mistakes that are easy to make?What are some common financial mistakes we make?
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Mistake Numero Uno: Spending more than we make. Tweet by @HerOwnNet
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The biggest mistake: Not looking at your total cash flow month to month.
Tweet by @WelshKristy
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Overspending, relying on credit cards and making minimum payments = huge financial mistakes that keep you in the debt cycle.
Tweet by @Payoff
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Wh tax mistakes that are easy to make?How should we approach fuzzy financial topics that we don’t know much about (e.g. investing)?
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Tweet by @HerOwnNet
helps me tend to my worries. Knowledge is empowering.
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Any time I feel anxiety about a financial topic, I find that research
Always break down education and goals into smaller steps. Conquer one thing at a time. Celebrate your wins along the way!
Tweet by @Marybstorj
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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Wh tax mistakes that are easy to make?What encouragement do you have for those who feel they’ve made too many money mistakes?
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It’s never too late to get on the right track! Tweet by @DadisCheap
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It doesn’t matter what happened yesterday. Start fresh today and give it all you’ve got. Tweet by @emergebenefit
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Mistakes are NOT failures unless you don’t evaluate them and understand what went wrong.
Tweet by @KaliHawlk
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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Wh tax mistakes that are easy to make?What are some steps we can take to create a financial plan that matters to us?
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To create a financial plan, think about your future and what you would like to happen that fits within your goals.
Tweet by @MoreThanWheels
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1. Have a goal. 2. Make a plan. 3. Enact this plan. 4. Review each month where you’re at. Rinse and repeat.
Tweet by @WelshKristy
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Look at ALL your expenses and focus on your goals. Where can you cut back? How can you make more?
Tweet by @_MoneySavingPro
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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Wh tax mistakes that are easy to make?How should we deal with the unexpected financial events in our life?
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Have an umbrella (emergency fund) handy, because it will rain! Tweet by @DebbiKing
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Expect the unexpected! Protect yourself, your stuff, and your assets BEFORE something goes wrong.
Tweet by @KaliHawlk
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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET
Wh tax mistakes that are easy to make?Any final tips to help us make smarter decisions with our money?
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Making better financial decisions starts with education and getting comfy with the idea of money as a tool.
Tweet by @KaliHawlk
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A common mistake when budgeting is trying to do too much at once - just like a crash diet. Break it up into smaller goals.
Tweet by @emergebenefit
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When it comes to your money, there are no stupid questions. Ask, ask and ask until you have clarity and confidence.
Tweet by @Marybstorj
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It isn’t as difficult as it seems. It might take a while, but changing your money habits is SO worth it!
Tweet by @PiggieBanker
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#CreditChatWednesdays | 3 p.m. ET
Check out all the resources and tips shared:
ex.pn/carlr
#CreditChatWednesdays | 3 p.m. ET
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