Managing your money can be a tricky process. Sometimes we form habits when we are young that have carried over into our adult lifestyles, and other times the concept of making wise financial decisions seems intimidating. While financial literacy will be vital to making long-term investments and choices to manage your wealth, not everyone feels ready to wade through the financial lingo that makes up our complicated monetary system. That being said, we hope that this article gives you some helpful tips on how to start making better choices with your money right now. Though we aren’t financial advisors, we want to help you cross the bridge into at least basic financial understanding so you can feel confident in your ability to build better habits to protect and preserve your wealth. You can read more about each of these steps on our blog at: http://blog.silversaver.com/12-steps-to-better-money-management/

1. “ “TWELVE STEPS
Money Management
to better
Adjust your
mindset
Decide to be mindful, frugal
and thoughtful with money,
even when you donʼt feel
like it. Changing the way
you manage your finances
is a choice!
1
Pay Debts
List your debts from least to
greatest and start paying
them off! Once you pay off
one, transfer that amount
you were spending and
add it to the next biggest
debt. Youʼll need long-term
Track expenses
Increase your awareness of
your spending habits.
Record every purchase and
evaluate your decisions at
the end of each month.
2
3
debt
Create a budget
Budget out how much
youʼll spend in different
categories each month. Be
realistic and stick to your
plan!
4
Emergency Fund
Start by saving $1,000
for an emergency fund.
This will pay for unexpected
expenses like accidents,
illnesses, or being out of a
job temporarily.
5
6
Start Saving
Once youʼve become more
disciplined in saving, you
should set up other savings
funds for future expenses
such as vacation, a new
car, or having a baby.
7
Cut the Credit
Be mindful about cutting
back on credit and racking
up debt. Monitor your
credit card spending by
not carrying the cards with
you for daily purchases.
Purge. Sell.
Donate.
Remove the chaos and clutter
in your life by purging unused
items. You can sell them on
Craigslist, eBay and or at a
garage sale. Donate whatever
you donʼt sell to charity.
8
9
12
11
10
Shop smarter
Make lists of what you
need to prevent temptation
at the store. Check out a
thrift store, shop at Aldi, or
use coupons to save on
basic purchases!
Collect
experiences
Experience whatʼs already
around you! Find free ac-
tivities and events in your
city or visit a state park!
Donʼt forget to enjoy the
people youʼre with in the
place youʼre in right now.
Diversify
Make wise investments that
will bring you a profit.
Investing in precious metals
is affordable, liquid, and
low-maintenance! You can
learn more about gold and
silver at SilverSaver.com.
Share your
journey
Share your struggles and
successes with people you
trust. Your vulnerability will
help keep you accountable
and inspire others onto a path
towards financial wellness!
vision, but it will be
worth it!
produced by
www.silversaver.com