The first step to financial success is by having a written plan. It’s easy to get carried away with the day-to-day distractions and forget about the big picture of where your money needs to go. Making sure you have a list of goals that can be achieved in the next year will help keep you on track. You should also write out what you want to accomplish monthly, quarterly, yearly and at any point throughout your life.
The more time spent planning ahead, the less chance of being caught off guard financially because something unexpected happens like an illness or job loss. To start writing down your finances, set up a journaling system so that your thoughts are recorded without forgetting them when they’re needed for tax purposes.
Keep a list of accounts and the balances that you already know. You should also write down any savings, investments or debts incurred during the year to keep track of your net worth as well. If you’re one who’s not too fond of writing things out by hand then there are plenty of apps available which will sync with online banking for digital records instead.
They can be downloaded to your phone or tablet so they’re always on hand when needed in case something happens so they don’t have to rely solely on memory banks anymore than necessary! Lastly, once everything is written down and recorded in some way it’s much easier to plan ahead because you’ll see where all your money goes each month and what areas need more attention without spending