Building Good Money Habits

Tracking Financial Progress Regularly

Tracking financial progress is not an option if you’re looking to gain control of your financial life. What works for you might not work for someone else tracking their progress, which is why you must decide how you manage money best. Are you someone who prefers to check their checkbook every day to ensure it's properly balanced and cared for? Or do you prefer to spend an hour every week going over finances and checking the progress of your financial situation with your spouse?

Whatever works for you is fine, but consider some helpful tools, such as financial tracking apps. Find an app or a spreadsheet that helps you make goals, track your progress, and check off goals as you go. This not only keeps you motivated, but it also allows you to stay on track even when there is a hiccup here and there. Failing to track your progress can cause you to take a few steps back in your financial life, which is not what you want to do.

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