Finacial Literacy

You are your own cheerleader. You must have the drive to stop yourself from mindlessly spending your money. When you catch yourself, stop yourself.

You must set a SMART goal! A goal will give you something to be motivated about and look forward to. A goal should be something realistically obtainable but still a bit of a challenge.

Some smart goals may include,

-Saving $1,000 in four months.

-Spending $20 less a week for food over the time frame of 5 months.

- Not buy any fashion clothing attire for 6 months.

These are smart goals because they include a time frame in which you expect the deed to be completed, they include the amount of money that is wanted to be saved or managed, they include the items that will be limited(if there are any).

3. After you have determined your motivation and your goal, the next step is to tell your friends and family about your challenge! Telling family members and close friends will be very helpful. They will most likely guide you along your path and help you catch any bad spending habits you may have. They may also further motivate you with your challenge!

4. Make smaller goals that will help you achieve your larger goal! Doing this will make your larger goal seem closer than it actually is. It will also help you keep track of what you do and how much you spend for a specific amount of time. For instance, if my goal was to spend $20 less on food every week for 5 months a smaller goal that will help me achieve this larger goal would be to prepare my own meals. Another smaller goal would be to buy cheaper meals. All of these constituents into ways to obtain your larger goal.

5. This is the hardest step! Make a schedule and stick with it! A schedule does not have to be a list of task that you have