5 TIPS on Making Money Management Moves

Money management is something I introduce to my credit clients while they are working with us because we often see that money habits are never truly understood by most adults. Money problems can stem from a lot of things in some one's life and they can be hard to control when an income source has changed, gone away or is interrupted by some form of collection action. Making moves to get a clearer head means working on the thought process and framework in which we base our decisions. When I meet with clients, they are often spending a ton of money on things they can do without; things that can crush goals and dreams, and leave a mark of disaster. In today's article I want to highlight some money management moves that can you can activate this year in 2015. We need to often re-visit the basics so we can succeed.



1. Writing checks from your checking account is a management function. It is important to monitor when those checks are written, the money in the account the check is written against at that time.
This includes the use of debit cards as they are linked to a bank account often with check writing privileges and debit cards are essentially very much like an electronic check. NSF fees cost a fortune and can wreck a future money move.

2. Before you buy that Latte or coffee; ask yourself, could I use this very same money to pay down a debt I own? I see clients whom often cry broke and spend good money on goodies that can and would make a huge difference in their goals. $60 as month is a lot to throw away on coffee when you wan to get out of debt. Opportunities begin with small pots of cash like this and grow into a nice chunk of change that can be used for a money move. HINT, HINT...debt-free living.


3. It's hard to resist the itch to buy sometimes, between the ads on television and the shopping networks asking for money for something that you think you need, it takes a burning desire to achieve something to stay on point and not waiver. I believe that rewarding yourself is a great incentive to have the right reasons to spend on that major item you truly want and desire. Set goals, time lines and follow up for each achievement. Instead of spending all the money at once, set a goal, meet it and then using the money moves you made and saved from; reward yourself.

4. Get in the habit of saving! I know it's boring but when you see your accounts growing because you pay yourself by investing in yourself too; it's exhilarating. Doing this is easy as taking that same latte or coffee money and placing it in a interest bearing savings account; or if you can't cut cold turkey, at least deposit half of that spending money. Seeing money in that account, will motivate you to look for ways to get to your goals faster!

5. Maintain all commitments! One decision leads to another. That is in paying bills on time, maintaining your car, and keeping the proper insurance. Life is rough sometimes and the best way to stay on point to have the ability to do things on your terms, taking care of business is essential. Whatever you choose to do, stay on top of it. Making moves is all about management of your life and situations. Money is another factor in all of it, but it's how you do things that will tell the story ultimately.




Be wise, engaged and active in your circumstances. Time waits for nobody and you are in control always. It is the goal of this company to help people be proactive and seeking aggressively to be better in all areas of their lives. Money management is a tool for successful people who invest in themselves. Making moves is the reward of those that take money management seriously.