I’m Miriam Neff with Wise Women Managing Money and I’m Valerie Neff Hogan.
M Many of our financial actions are habit’s. Food and clothing shopping. Entertainment, eating out. When we’re overspending, it’s easy to keep going on autopilot.
V That’s a bad idea. It’s easy to coast, but trouble lies ahead. Here’s a suggestion. Answer the question: ‘Why?’ What matters to me in the long run? Much spending is for short term things, food, entertainment. Those can destroy our long-term goals. Having 3—6 months expenses set aside in savings is wise. In turbulent times, it’s survival!
M One thing we can count on is that financial realities change. Rarely do these changes NOT impact our personal finances. Being willing to change? Necessary.
