Creating a Financial Checklist

Tuesday, September 11, 2018 - 02:54

Money Management


These days, most people I know don’t have a financial plan. We spend a lot of time planning for other aspects of our lives, such as our careers, marriages and having kids, but many of us fail to build a plan to achieve our financial goals.

Checklists are great, especially when it comes to finances. By following this personal financial checklist, you will be able to transform your financial life, and hopefully keep yourself out of debt. While some items on the checklist are larger than others and will take some time to check off, others are simple tasks that may seem small but can culminate in a powerful financial transformation. By going through these steps, you will soon see that financial freedom is just a checklist away!

  • Make a lifelong promise to yourself to spend less money than you earn.
  • Create a budget.
  • Create a balance sheet and update it every 6 months.
  • Organize your bank accounts.
  • Cut your monthly expenses.
  • Pay off all consumer debts.
  • Create a simple system for paying the bills each month.
  • Pay your cards off in full each month to avoid interest charges.
  • Pay off your house early.
  • Developing a steady habit of saving and investing.
  • Protect yourself against loss by spreading your investments around.
  • Make conscious decisions about how to invest your resources.
  • Create an emergency fund.
  • Negotiate a better rate with credit card companies.
  • Eliminate incidental expenses.
  • Avoid impulsive spending.
  • Get extra cash by selling some of your items.

If you read this list and can’t even begin to think about where to start, you may be drowning in debt and may need to file bankruptcy or make a consumer proposal in order to get out of debt. If that’s the case, we can help you get out of debt and start your path to a new financial lifestyle. 

Latest Posts

Creating a Financial Checklist

These days, most people I know don’t have a financial plan. We spend a lot of time planning for other aspects of our lives, such as our careers, marriages and having kids, but many of us fail to build a plan to achieve our financial goals.

September 11, 2018

Money Management