Need a plan to get your personal finances back on track? The 20 Steps to Financial Health guide might be exactly what you are looking for. This guide will review the essential financial management steps you need and some very applicable debt advice.
20 Steps to Financial Health Overview
There is nothing I love more than following a list to accomplish a goal. The 20 Steps guide is an excellent way to keep focused on transforming your finances as well as feeling a sense of achievement as you move through the list. Let’s watch this video to get an introduction to the steps.
As you can see in the video, it’s all about making positive choices to grow and protect your assets. This includes cash, investments, savings and even your identity.
List of the 20 Steps to Financial Health
Twenty steps might seem like a lot to tackle. Just remember the video and the three main sections to this process: digging in and getting your debt organized, taking positive steps toward growth, and securing your future and harvest.
Finally, here is a list of the 20 steps:
- Pledge to change how you feel about money
- Get organized
- Get copies of your credit report
- Dispute any erroneous information on your credit reports
- Set financial goals
- Set short, mid and long term SMART goals
- Track your spending
- Create a budget
- Reduce spending
- Determine your net worth
- Pay down debt
- Eliminate unnecessary credit cards
- Start a savings plan
- Protect your assets
- Manage major purchases
- Secure your financial future
- Do financial check-ups
- Understand the cost of credit
- Protect your identity
- Watch out for the warning signs
Whether you have a little debt or a lot of debt, the 20 Steps to Financial Health can work as a great checklist. As your finances and goals change and grow over the years, keep this list in mind to make the most out of your money.