5 Ways to Transform Your Finances and Your Life

 Taking control of your finances is key to transforming your life into the one you’ve always dreamed of having.

 Sometimes it seems like there’s just not enough money to go around, and that may be true, but there are simple tricks you can use to help out, including these five ways to transform your finances and your life as a result. There’s no way around it; sometimes we have to make hard decisions in order to improve our situations, so don’t be afraid to try some of these methods if you find yourself lacking in money or feeling like you can’t get ahead financially.

1) Starting Over

 If you’re used to a certain way of life, switching it up can be scary—and your finances are no exception. Still, sometimes change is necessary.

 If you’re in a bind with finances, you could ask family or friends for help—but if they’ve already lent you money, it might not be wise to hit them up again. Try other strategies that don’t involve borrowing more money (for example, getting help from credit cards isn't recommended!). There are also resources like bankruptcy laws that can help you get back on track when things get out of hand. Want more tips? Visit Credit Sesame for info on how to avoid high-interest credit card debt or read our guide on how to start over financially .

2) Cutting Down on Spending

 First, tackle your biggest monthly expenses—this can be as broad or specific as you want. 

 Maybe it’s food, rent, and transportation or maybe it’s Netflix, coffee shop trips, and Amazon purchases. Whatever those spending priorities are for you right now, think about ways you can slash them. If your budget is strained—or non-existent—consider using a spending tracker app like Mint in order to take control of your finances. It will help you create a spending plan by tracking where all of your money goes each month and alerting you when things get out of control.

3) Planning for Financial Goals                                                          

The first step is identifying what you want your finances to look like. It can be anything from I want my mortgage paid off by age 30 or I want a million dollars in mutual funds.

 Once you've identified a goal, set realistic expectations for yourself—and timeframes within which you expect to accomplish them. The next step is to create a personal financial plan that details how you're going to reach those goals.

4) Remember Money Isn’t Everything

Sometimes we let our finances rule our lives—we can’t afford to go on vacation or out for dinner, it seems like all we talk about is how much debt we have, etc.

  Instead of letting your money worries make you miserable, try reminding yourself that money isn’t everything. If you focus on improving your financial situation without an eye towards what else is going on in your life, you could end up missing out on more important things. Set goals (such as paying off debt), then put time and energy into achieving them rather than stressing over them. Once they’re achieved, move onto something else. Don’t make money a source of stress; make it a catalyst for change!

5) Invest in Yourself First

Investing in yourself can help make you a better worker, husband or wife, parent, volunteer and more.

 If you’re still living paycheck-to-paycheck with only a sliver of your take-home pay going toward savings each month—not paying off debt or saving for retirement—it may be time to make some changes. For example, if you have $150 left over at the end of each week but carry $200 in credit card debt, why not channel that extra cash into an automatic savings account? Making an investment in yourself can benefit everyone around you too.

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