How To Make Smarter Money Decisions
Transcript
- 1. How to Make Smarter Money Decisions #CreditChat Wednesdays | 3 p.m. ET Featuring: Carl Richards @BehaviorGap
- 2. 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
- 3. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET Wh tax mistakes that are easy to make?Why is it easy to make irrational decisions when it comes to money? #CreditChat Wednesdays | 3 p.m. ET
- 4. Personal finance is 10% math and 90% emotion. If we grasp that, we can make more rational decisions. Tweet by @DebbiKing #CreditChat
- 5. We often have a hard time separating “need” from “want”-- knowing the difference can promote better financial habits. Tweet by @emergebenefit #CreditChat
- 6. Humans are emotional creatures, and many of us have a complicated relationship with money. Tweet by @KaliHawlk #CreditChat
- 7. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 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? #CreditChat Wednesdays | 3 p.m. ET
- 8. 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 #CreditChat
- 9. Some people receive a positive emotional response when they buy something new. Spending, to them, is a way to feed this. Tweet by @LeslieHTayneEsq #CreditChat
- 10. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET Wh tax mistakes that are easy to make?What are some common financial mistakes we make? #CreditChat Wednesdays | 3 p.m. ET
- 11. Mistake Numero Uno: Spending more than we make. Tweet by @HerOwnNet #CreditChat
- 12. The biggest mistake: Not looking at your total cash flow month to month. Tweet by @WelshKristy #CreditChat
- 13. Overspending, relying on credit cards and making minimum payments = huge financial mistakes that keep you in the debt cycle. Tweet by @Payoff #CreditChat
- 14. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET 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)? #CreditChat Wednesdays | 3 p.m. ET
- 15. Tweet by @HerOwnNet helps me tend to my worries. Knowledge is empowering. #CreditChat Any time I feel anxiety about a financial topic, I find that research
- 16. Always break down education and goals into smaller steps. Conquer one thing at a time. Celebrate your wins along the way! Tweet by @Marybstorj #CreditChat
- 17. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 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? #CreditChat Wednesdays | 3 p.m. ET
- 18. It’s never too late to get on the right track! Tweet by @DadisCheap #CreditChat
- 19. It doesn’t matter what happened yesterday. Start fresh today and give it all you’ve got. Tweet by @emergebenefit #CreditChat
- 20. Mistakes are NOT failures unless you don’t evaluate them and understand what went wrong. Tweet by @KaliHawlk #CreditChat
- 21. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 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? #CreditChat Wednesdays | 3 p.m. ET
- 22. To create a financial plan, think about your future and what you would like to happen that fits within your goals. Tweet by @MoreThanWheels #CreditChat
- 23. 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 #CreditChat
- 24. Look at ALL your expenses and focus on your goals. Where can you cut back? How can you make more? Tweet by @_MoneySavingPro #CreditChat
- 25. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET Wh tax mistakes that are easy to make? How should we deal with the unexpected financial events in our life? #CreditChat Wednesdays | 3 p.m. ET
- 26. Have an umbrella (emergency fund) handy, because it will rain! Tweet by @DebbiKing #CreditChat
- 27. Expect the unexpected! Protect yourself, your stuff, and your assets BEFORE something goes wrong. Tweet by @KaliHawlk #CreditChat
- 28. Wednesdays | 3 p.m. ET #CreditChat Wednesdays | 3 p.m. ET Wh tax mistakes that are easy to make? Any final tips to help us make smarter decisions with our money? #CreditChat Wednesdays | 3 p.m. ET
- 29. Making better financial decisions starts with education and getting comfy with the idea of money as a tool. Tweet by @KaliHawlk #CreditChat
- 30. 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 #CreditChat
- 31. When it comes to your money, there are no stupid questions. Ask, ask and ask until you have clarity and confidence. Tweet by @Marybstorj #CreditChat
- 32. 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 #CreditChat
- 33. #CreditChat Wednesdays | 3 p.m. ET Check out all the resources and tips shared: ex.pn/carlr
- 34. #CreditChat Wednesdays | 3 p.m. ET Join Us Every Wednesday at 3 p.m. ET. bit.ly/join-creditchat
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