Master Financial Confidence
Managing money wisely is an essential skill that can transform your financial future. Yet for many, personal finance can seem complex and intimidating.
Often, money turns into a source of anxiety, especially for people who feel uncomfortable with finance, and particularly those who have difficulty expressing it. Yet it is entirely possible to learn how to master your finances, so that it becomes more rewarding than you think.
Learning to better manage your finances helps you take control of your future and gain confidence. You don’t need to be a financial expert to get started: one step at a time is all it takes to build a solid foundation. It’s all about making regular decisions and applying simple actions on a daily basis. When it comes to the complex side of numbers, all you need to do is introduce practical applications such as KAIRA for budget management, and enlist the help of a professional. Carrying out short-term projects, anticipating the unexpected and preparing for the future with confidence becomes child’s play!
Where To Start?
It’s often said that children should be taught through play.
The same principle applies to finance. All you have to do is go back to basics: budgeting, saving, credit management, investing and knowledge development.
We can organize daily or weekly challenges, like buying one coffee a day instead of 2 at $2 each. Or setting aside $20 a week for an emergency fund by reducing weekly wine consumption by one bottle, or even one less meal at the restaurant – that’s easily $30 a week in savings. The table below gives a good idea of the impact of these small challenges over time.
Achieve Your Financial Goals
It’s also possible to challenge and reward yourself within your household, each time you achieve a goal. Here’s an example: a couple who want to go on a summer trip set an individual savings target. Whoever reaches the target last will have to pay for the cab to take them to the airport 🙂
Learning how to manage finances while having fun gives more independence and peace of mind.
