Finance 101
  • How To Start
  • Financial Statements
  • Assessing Your Financial Situation
  • Personal Budget & Spending
  • Identify Potential Problems & Solutions
  • Developing a Financial Plan
  • Reduce your debt
  • Identify the best way to invest
  • Recognizing Signs of Financial Trouble
  • Debt Management
  • Summary Overview
  • Resources

Problems & Concerns

Patience is the key to identifying problems and concerns relating to your financial situation.

Money Management
4. Analyze your financial situation to identify potential problems and solutions related to your financial situation.

  • Your analysis should include a periodic review of your current net worth.
  • Your budget or spending plan will enable you to keep track of expenses.
  • Changes in your spending plan can be made as the need is identified.
Write down specific issues that you want to address as well as actions you can take to resolve the problems.

Look for ways to save money that you may not have previously considered.

Consider whether there are ways that your income can be increased, such as:

  • Requesting a raise
  • Earning extra income through a hobby
  • Selling items you no longer need or use
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