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personal finance for women

A Step-by-Step Guide to Create Your Personal Finance Statement

 To get your personal finances right, you must list goals with a personal finance statement. There are many ways to create your personal finance statement.  But first, you should be familiar with, Personal Finance Literacy and Personal Finance Planning.

You can accomplish this by using the following: Personal Finance News, Personal Finance Articles, and Personal Finance Courses from investing to home buying.

Then, include the following tools on a regular basis; A Personal Finance Book, Personal Finance Spreadsheet, Personal Finance Reddit, and of course, understand Personal Finance Management.

If you can master this knowledge; your personal finances will soar. Your personal finance statement will be created after you finish all the following personal finance tips listed below.

A step by step guide to create your personal finance statement

Step #1 –
Obtaining Personal Finance Literacy

Personal finance literacy includes learning and understanding various fields of personal finance. You must have personal finance literacy to create great finances in your life. I was attending a woman’s conference once and a surprising thing happened.

A young woman saw my name tag, I was to speak on personal finance to this group of businesswomen, including her. She came up to me and said, “what – is – personal – finance”.

I am not going to lie, I was a little shocked that an educated, intelligent businesswomen would ask me this question. I politely said, “your personal finances”. I am not sure that she understood, but she said, “oh”.

I knew she would understand after I spoke at the conference. But she is not alone, many intelligent people do not understand that their personal finance literacy is at the core of their financial success or failure.

Step #2 –
Your Personal Finance Planning

Nothing great happens like magic, including personal finance planning. You must plan what you do and do what you plan.

That applies to personal finance planning, as well as anything else that brings success.

Personal finance planning does not include you turning your financial decisions over to someone else. You must know what you need and what you want to do with your personal finances first, both short and long term.

Otherwise, you may be steered in the wrong direction by others who do not understand your short-term or long-term needs, as well as most of your financial details.

Step #3 –
Use Personal Finance News

Understanding personal finance news is important because it helps to know what is trending in finance. An example, if home prices are starting to drop and you must move for a new job, it may be time to sell sooner rather than later. This will assure you will get the top value you deserve before prices drop.

Or, if finance news repeatedly talks of a recession and home prices are falling rapidly, it may not be time to buy a home. The best decision may be to wait until the foreclosures stop and the prices settle out.

An example of a local recession is if a large company closes in town and many of the workers cannot make their mortgage payment.

Personal finance news is particularly important because it helps you to stay in the know and not make major and costly financial mistakes.

Because you know the status quo of important current issues, you avoid mistakes.

Step #4 –
Read Personal Finance Articles

Studying Personal finance articles are another way to keep up with personal finance news. There are several personal finance articles that explain various topics about personal finance.

You can search and read articles on home buying, car buying, stocks, mutual funds, saving money, budgeting, and more.

Of course, there are a wide variety of personal finance articles here at MsFinancialSavvy Blog. They are added and updated on a regular basis.

Step #5 –
Take Personal Finance Courses

Taking quality Personal finance courses is a great way to learn the most important facts of personal finance and achieve personal finance literacy. There are many great personal finance courses, that will give you a wide array of knowledge.

I specialize in personal finance courses and encourage you to at least start with a home buying or car buying course to save money and buy value.

You can literally save thousands of dollars when you buy a home or car the right way. Many people complain that they have no money after buying a home or car. The reason: “They over-bought on one or both accounts”.

There is a right way and wrong way to buy a car and a home. No broker is going to tell you the right way, they are ONLY interested in the sell. The faster the better, then they are off to the next person.

This holds true with stocks, bonds, mutual funds, home buying, car buying and other investments as well.

Step #6 –
The Personal Finance Book

I started teaching personal finance with my award-winning personal finance book. I will not discuss the book now, but I will tell you that I have 8 new personal finance books. Those books are important because I do what others fail to do in a lot of personal finance books.

I tell you what most typical personal finance problems are and how to solve the problems successfully. I give you several options for example, to learn mutual funds and stocks or understand home buying and car buying with several details.

The most important detail I give you is how to save money and how to make money over time in each process.

A personal finance statement using a peraonal finance book, personal finance courses and personal finance reddit forum

Step #7 – Using a Personal Finance Spreadsheet

A personal finance spreadsheet will enable you to put hundreds of details in one place. The personal finance spreadsheet will allow you to track everything you need to grow your finances, understand your personal finances and be consistent with your finances.

You can track bill payoff, bills you need and do not need, and what to do to create an environment to make your finances soar.

You can increase your credit score, track your home buying and car buying as well as other personal finances. Your personal finance spreadsheet will allow you to see if you are failing or if you are on track for success.

You can use personal finance calculators to create your personal finance spreadsheets also.

Step #8 – Why Personal Finance Reddit?

Let us start with personal finance reddit. There are many ways to expose yourself to various types of personal finance information. One, is the variety of opinions on personal finance reddit.

Some of the users are very fluent in personal finance and some are amateurs, but the exposure will enable you to understand the core of personal finance.

Personal finance reddit is a type of personal finance news, not always accurate, but it does give you an idea of what is trending in personal finance. Before you go there start with our personal finance blog.

Finally, Personal Finance Management

In conclusion, you now see that personal finance management can be done by you and is best done by you. When you engage in personal finance articles, reading personal finance news, and finding your favorite personal finance book.

Personal finance planning is the key, and you can do it yourself when you take courses and obtain keen personal finance literacy.  You will learn to track your finances with personal finance spreadsheets.

Personal finance reddit is one of many examples of a type of forum you can use to get additional news about personal finance.

When you finish with this personal finance guide you will be able to create a short-term and long-term personal finance statement that will take you years into the future.

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A step by step personal finance guide to create a personal finance statement, by doing personal finance planning and personal finance literacy

How You Can Create Fantastic Finances In Your Life Forever!

Watch Your Finances Soar Forever

Okay, I just opened up the registration for Course For Fantastic Finances. We’re now live:

CLICK HERE for Course for Fantastic Finances Registration
REGISTRATION HERE
(I opened it up a bit early to avoid any bottlenecks and spread the load on the server)

Best regards, Lois

P.S. Remember…you don’t need to panic. I don’t expect to sell out immediately. However, if you want one of those spots at my Course For Fantastic Finances Live Workshop, then please don’t delay. They’re going to go fast.

Lois Center-Shabazz | Course Delta Agency

Interested in a Free Discussion about how I can help you with Fantastic Finances? Let’s Chat – Make an Appointment Here

Get Your FREE Fantastic Finances Tips Course by eMail

How I Build Fantastic Finances ; Read More…

3 Sure Ways to Create Fantastic Finances That Bank

Thank you for your comments and questions about Fantastic Finances that bank, these are important for us to finish our Fantastic Finances Course Modules. Now, I also have 2 short courses that bank money, I am offering at a deep discount just for you.

Get started now when you take the Course for Car Buying for Women
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Of learning the Secrets to Successful Home Buying for Women

3 Ways to create fantastic finances that bank money

In my comprehensive 8 week Fantastic Finances Course you will be taken down the road to develop prosperity and maintain great finances. In 11 modules you will learn the meaning and the might behind the best finances achievable.

As a small business owner, long term investor in both mutual funds and real estate and previous holder of a financial license, I felt it was my duty to share my success with others.

I have seen a lot of financial ruin from people with low to very high incomes due to lack of high end financial knowledge and it broke my heart.

You will have, 11 Modules, 8 eBooks, 7 PDFs. 7 Presentations, 11 Exercises, 10 Quizzes, 7 FREE Bonuses, 4 Sets of Spreadsheet Templates, a Workbook, a Most Valuable Canvas– a Bonus Module. and 8 bonuses including an exercise to change the way you handle your money, and private facebook live coaching, private online coaching. You will change the way you choose financial products to protect yourself, you will achieve Fantastic Finances, when you follow this simple program.

So, my passion has been to show others what I have learned over the past 30 years.

I know what you are thinking. I don’t have time. The problem is if you don’t take this time for yourself, others will take it from you, when you don’t make the right financial decisions. The time spent turning a wrong decision into a right one, is huge.

Also, should you spend finances to get finances right? This is an 8 week education that can send your finances skyrocketing. The money will come back to you many times over. And you have access to the course for life.

I also know that you are thinking it may be too difficult to understand. Don’t fear, I am here. I will take you through step by step guidance that makes it easy to understand, and I will answer your questions weekly in our group sessions and in our private Facebook group.

I have another video coming soon to walk you through some top things you need to know about money and finance to be successful growing money and building assets. Please leave a comment or question below.

Lois Center-Shabazz | Course Delta Agency

Interested in a Free Discussion about how I can help you with Fantastic Finances? Let’s Chat – Make an Appointment Here

Get Your FREE Fantastic Finances Tips Course by eMail

How I Build Fantastic Finances ; Read More…

Why a Personal Finance Site for Women

At MsFinancialSavvy.com, we are occasionally asked the question, “Why a financial website targeted to women?” The following article will attempt to explain our website.

MsFinancialSavvy.com is a personal finance website, women and girls

The Statistics:

>Women are three times more likely than men to be single parents, or early widows.

>Women are more likely to transfer budgeting and saving habits to their children.

>Single mothers today are still more likely to live in poverty than single dads.

>The percentage of men who invest is much greater than women who invest.

Why Focus on Budgeting and Investing?

> Women need to know how to budget and invest for emergencies, savings, college planning and retirement.

>Women need to know how to keep the money they earn, and increase their net worth, through budgeting and investing.

>There is a significant number of women who make high incomes  but do not have enough money to pay monthly bills or to invest. The main culprit, is lack of budgeting skills.

>Woman need to know the field of budgeting and investing, so they can pass it along to their children.

Why invest rather than just save in a less than 1%, simple interest, bank account?

> In order to keep up with, and stay ahead of inflation and taxes, history shows that investing in stocks long-term has given us the greatest returns.

>Our website MsFinancialSavvy.com is important because many women have retirement accounts with their employer, but do not understand the investments in those accounts. Learning and using MsFinancialSavvy.com may enable you to understand the importance of funding your 401k and 403b employer retirement accounts. It will also enable you to choose the appropriate investment, when given a choice.

>Many women are self-employed, homemaker moms, or have a job that does not provide a retirement account. Since retirement planning is a mystery to these women, they choose not to fund a retirement account.

>Many women are not familiar with college savings plans.

>Woman need to know that saving with stocks and mutual funds, you can acquire compounded interest vs. the banks low simple interest rate.

>If women choose to use a broker to invest, understanding investments will increase chances that they are purchasing investments that are appropriate for them.

>In order to purchase stocks and mutual funds for an Online Investment Account, women must understand the stock market first.

Use MsFinancialSavvy.com to learn to budget and invest money now! If you are already familiar with stocks and mutual funds you can use our tutorials for a review. Use our stock quotes and charts, financial calculators, feature articles, book reviews, and investment bookstore, whether you are a beginning, intermediate, or advanced investor.

Start an Online Investment Club at MsFinancialSavvy.com, and learn to invest money with your friends and family members.

MsFinancialSavvy.com is targeted to women, but everyone is welcome!!! Use these financial tools with our website.

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