Budget Girl
  • Money Toolkit
  • Start here
  • Money
    • Budgeting
    • Debt
    • Side Hustles/ Increase your Income
    • Investing
    • Smart Shopping/ Intentional Spending
    • Yearly Budget Guide
    • Real Estate
      • House Hacking
    • Frugal Friends
  • Life
    • Work/ Life Balance
    • Essays/ Thoughts
    • Emergency Preparedness
    • Home
    • Food
    • DIY
  • Contact
    • About Budget Girl
    • As Seen On
    • Advertising
    • Privacy Policy
    • Copyright Policy
    • Affiliate Policy
  • The BG Shop
Search
Get My Newsletter
Budget Girl
Budget Girl
  • Money Toolkit
  • Start here
  • Money
    • Budgeting
    • Debt
    • Side Hustles/ Increase your Income
    • Investing
    • Smart Shopping/ Intentional Spending
    • Yearly Budget Guide
    • Real Estate
      • House Hacking
    • Frugal Friends
  • Life
    • Work/ Life Balance
    • Essays/ Thoughts
    • Emergency Preparedness
    • Home
    • Food
    • DIY
  • Contact
    • About Budget Girl
    • As Seen On
    • Advertising
    • Privacy Policy
    • Copyright Policy
    • Affiliate Policy
  • The BG Shop
  • Budgeting
  • How to
  • Intentional spending
  • Money
  • Money
  • Start Here

8 things to know before starting your personal finance journey

  • November 10, 2022
  • 3 minute read
  • Budget Girl
Total
0
Shares
0
0
0
Total
0
Shares
Share 0
Tweet 0
Pin it 0

Yay, you want to start your personal finance journey! This is such a big step and one that you’ll wish you started sooner. In light of your recent stellar decision-making, I’m sharing 8 things to know before starting your personal finance journey to help guide you for the road ahead.

Let’s get to it!

1. There’s more than one way to budget

From cash envelopes to spreadsheets, there are many different ways to budget, and the only way to know which works best for you is to try different ones. Check out this post, to find out what budgeting method will work best for your lifestyle.

2. Beware of information overwhelm

There is A LOT of information about what you should and shouldn’t do with your money. Firstly, you don’t have to do everything all at once. Start small when it comes to your personal finance journey. What do you need or want to do with your money right now? If it’s saving or paying off debt, then start there.

3. Don’t be so hard on yourself

In the age of social media, it can seem like we’re three steps behind everyone else. Financial setbacks are hard but don’t let them discourage you. Remember that you’re on your own journey, and your own timeline, and not everything you see on Instagram is reality. The fact that you even want to start a personal finance journey deserves some praise!

4. Don’t aim for perfection

Don’t let the idea that you have to have the perfect budget, investment portfolio, or debt repayment plan hold you back from reaching your goals. The best thing you can do is try things out and find out what works or doesn’t for you.

5. Make both short-term and long-term goals

Whilst on your personal finance journey, I’d suggest making both short-term and long-term goals. Setting clear goals for your future can really help motivate you and hopefully ease your worries for the future. For example, a short-term goal could be paying off your outstanding debts and a long-term goal could be saving for retirement or buying a home.

6. This journey is ongoing

This will be a lifelong journey, so get comfortable with the idea that you’ll always be learning. Read this post, for some budgeting inspiration to help you start this awesome new journey!

7. Get to know your spending habits

What kind of spender are you? Do you tend to shop out of boredom? Getting to the heart of your money habits can really help you on your journey.

8. Investing isn’t just for the rich

I don’t mean investing in crypto-currency, NFTs, or day trading, the investing I’m referring to is the more boring kind. The kind that will help you bulk up your retirement fund and will see your money grow over decades, instead of a get-rich-quick scheme. Investing your money is one of the smartest things you can do to grow your money for the long term and you don’t need a big pile of cash to start.

Are you new to personal finance? I have a ton of posts from when I was in $30k worth of debt to how I doubled my net worth in a year. Let’s get you excited about your money and your journey ahead!

Let me know if there’s anything you’d add to the list if you’re far into your journey!

Want to see what else Budget Girl has to offer?

40 Free & Low-Cost Activities to try this fall

3 FREE Ways to Track Debt Payoff Progress & Stay Motivated!

How I screen renters & work as an ethical landlord

Can you do FI/RE (Financial Independence Retire Early)?

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Related Topics
  • budget
  • budget girl
  • build wealth
  • how to
  • money
  • personal finance
  • save money
  • shopping
Previous Article
  • Budgeting
  • Debt
  • Frugal Lifestyle
  • How to
  • Intentional spending
  • Money
  • Money
  • Saving
  • Smart Shopping
  • Videos

The power of having a little “mad money!”

  • November 3, 2022
  • Budget Girl
View Post
Next Article
  • unknown

Free ways to help with money stress right now

  • November 21, 2022
  • Budget Girl
View Post
Join the Budget Club on Facebook
Recent Posts
  • Things to remember to budget for in January
  • Game-ify your New Year’s Goals with a BINGO vision board
  • 15+ Women in Real Estate Investing You Should Follow in 2025
  • 30+ BIPOC Money Creators You Should Follow in 2025
  • What to remember to budget for in September
Follow me on Youtube!
Budget Girl
  • Money Toolkit
  • The Budget Girl Shop
  • Contact
  • Privacy Policy
  • Advertising
Your dream life on a budget
Find me on all the socials!
0
0
0
2K
99K
0

Copyright ©2021, Budget Girl®

Disclosures: This website contains affiliate links, which means that if you click on a product link, I may receive a commission. This website is a participant in the amazon services llc associates program, an affiliate advertising program where I earn advertising fees by linking to amazon.com.  The information provided is for educational and informational purposes only and is made available to you as self-help tools for your own use. The information contained is not intended to be a substitute for legal or financial advice that can be provided by your own attorney, accountant, and/or financial advisor.

Input your search keywords and press Enter.

Cleantalk Pixel