Learn to hate debt.
(PRWEB) July 01, 2012
As more women find themselves at the helm of their economic ship -- either through divorce, self-employment, or advancing their careers so they can secure their family’s financial future -- Sherry Tingley, founder of business checks leader Coolchecks.net and principal writer of the website’s popular personal finance blog, is urging women to boost their financial literacy ASAP.
“I feel women can be just as financially literate and wise in money management as men are,” commented Tingley. “It’s just that we have to try a little harder to develop money management strategies, because it is so easy for us to become wrapped up in child care, and overlook involvement in the overall money management picture. I think that this is a big mistake women make. They need to be involved just as much as men.”
To help women increase their financial literacy and live debt free, Tingley offers the following seven practical tips:
1. Track your cash flow. It can difficult to be honest with yourself about where your money is going, so be prepared to make a plan to find this out. As painful as it may be, it’s necessary if you want to achieve your money goals.
2. Become a money saver. Make saving as enjoyable as spending! It may seem difficult at first, but it’s rewarding to pay yourself first.
3. Improve your spending habits. Forget about using credit cards like they were gifts from Santa Claus. Make a promise to yourself that, if you absolutely have to use your credit card, you’ll pay the bill off in full.
4. Read money management books. Find your favorite financial mentor. Dave Ramsey's plan to being completely debt free is a great start.
5. Talk to your tax preparer. Take an active role in learning what you and your family's tax obligations are. This is the best chance to take an overall look at your annual financial picture. Ask as many questions as you can about how you can improve your money management strategies.
4. Don’t give your spouse (or anyone else) total control over your money. You should actively participate in setting financial goals, monitoring spending habits and saving for the future.
5. Talk to your spouse. Have frequent discussions with your spouse about your current assets and liabilities. This review helps you progress towards your goals, while revealing areas where you can improve.
6. Learn to hate debt. In fact, become so allergic to your non-mortgage debt that you actually do something drastic about it -- like getting rid of it completely!
7. Take a community class on money management. You’ll be surprised how much you’ll learn in the very first class. Plus, you’ll have a chance to ask questions, and learn money management strategies from other students.
More advice on personal finance, money management strategies, and living debt free can be found on Tingley’s blog at http://www.Coolchecks.net/blog.
For more information or media inquiries, contact Sherry Tingley at sherry(at)coolchecks(dot)net or 801-599-0052.
Led by its Founder Sherry Tingley, Coolchecks.net offers a wide selection of business checks from several leading check printing companies. The company’s small business and personal finance blog features a wide selection of practical articles, advice, insights and tools for small business owners and individuals. Learn more at http://www.coolchecks.net.