Get Financially Fit! | Mindful Money

Being mindful with your money can help you to reduce stress, focus your efforts and save money. Zina Kumok, a freelance writer specializing in personal finance shares with us How To Be Mindful With Your Money via Mint's blog, MintLife.

Cultivating mindfulness is all the rage right now – and for good reason. Learning to be more aware of your thoughts and actions is a crucial step towards a healthier, happier and more focused mindset.

You Can Control Your Spending

You Can Control Your Spending 

You might be a person who does very well with your money. Your money management skills are serving you well. On the other hand, you might have some concern about your spending habits. Maybe you are an over spender.

Regardless of whether you are a controlled spender or an over spender, there are ways to improve your particular situation.

There are many tools and techniques to help over spenders transform negative habits into positive behavior. Here are a few:

7 Steps to a Successful Budget

Budgeting can be a simple and straightforward process.  It can also be a rewarding experience for all family members.  But, it takes interest and commitment.  Here are seven steps to help you create a successful budget.

Discuss Values – Determine what is most important to the people involved in your budget, or spending plan.  By understanding these values, you can make decisions that will provide you with the most satisfaction.

Set Goals – Begin setting goals by discussing with family members what each one may want to do with their money.  An example of a goal might be to save for a child’s education.  Have each member list the goal and a deadline.  Work on the most important goals first.

Put money aside in your budget for your priority goal.  Remember, to achieve your special goal, you must treat the money as a bill to be paid to you.