6 Tips to Organize Your Financial Life

We ignore it; we pretend everything is fine, but keeping track of our financial life is essential to happiness. According to a 2017 Princeton Study, financial security, more than having money of your own, is the key to happiness. Organizing that part of your life is the only way to economic security.

Be honest with yourself and your partner - Hiding how bad your finances are or how much you are spending can ruin even the best relationship. A TD Bank study shows that 90% of happy couples discuss funds. Create a budget to address the severe issues of college debt, credit card debt, and spending at least once a month.

 Do a credit check - Your credit score influences many things, including housing. Insurance companies, landlords, and utility companies use your credit rating to determine your financial reliability. Some banks now offer free credit checks to their customers, but if it does not, you can obtain your credit report once a year through annualcreditreport.com

 Create a budget and stick to it – Living within your means is the path to financial security. Hire a financial advisor to help you budget and invest.

 Pay down your debt - Review your total debt, including every credit card, loan, and mortgage. I've enjoyed reading Ramit Sethi's I Will Teach You to Be Rich. His book gives you a weekly guide to organizing your financial health.

Be ready for emergencies - We hear a lot about saving money, but no one explains it in terms of more than just retirement. The best financial advisors recommend at least six months of emergency living expenses. Include savings for emergencies in your budget and ensure you have quick access to them. Remember, if you lose your job, unemployment can take weeks to come through, and medical emergencies can quickly wipe out a person's savings. An emergency fund also protects your retirement investments.

 Update Your Career Portfolio Once a Year - Opportunities and career firings happen fast. Ensuring your updated resume allows you to act quickly on new career opportunities.

 Many resources help to organize a healthy financial life. These financial tips will help you start your journey to a happier financial life.

  @Copywrite - Anastasia Zoldak owns Zoldak Resume Writing. She is also a published writer and author. To purchase this article, please email zoldakwrites@gmail.com