{"id":1798,"date":"2020-04-02T16:24:11","date_gmt":"2020-04-02T14:24:11","guid":{"rendered":"https:\/\/www.wahmworkspace.com\/?p=1798"},"modified":"2023-05-24T14:59:14","modified_gmt":"2023-05-24T12:59:14","slug":"establishing-a-relationship-with-your-money","status":"publish","type":"post","link":"https:\/\/www.wahmworkspace.com\/establishing-a-relationship-with-your-money\/","title":{"rendered":"Establishing a relationship with your money"},"content":{"rendered":"\n
Don\u2019t beat yourself up with past mistakes, put the past behind you and start making some positive changes to your personal money management!<\/p>\n\n\n\n
The world has been plunged into uncertainty and no-one is exactly sure what to expect with the economy, their income or how to plan or budget financially moving forward.<\/p>\n\n\n\n
So how can you start making positive changes to help you cope through the uncertainty…<\/p>\n\n\n\n Step 1 is to get real and face the facts!<\/strong><\/p>\n\n\n\n You can\u2019t even begin to put a plan together to fix the problem until you know the full extent of your problem. How do you do this? Make a list! List every account that you owe money on (overdraft, credit card, store accounts, loans etc) along with the balance outstanding, interest rate and the minimum payment that you need to make.<\/p>\n\n\n\n Example:-<\/p>\n\n\n\n Once you have this information your next step is to set up a list of your monthly income and expenses. It is really important to ensure that we keep paying at the very least the minimum monthly repayment on all of your debt, as you know failure to do this will have a negative effect on your credit rating and will affect your future lending prospects should you ever look at further debt or credit.<\/p>\n\n\n\nBank \/ Lender<\/strong><\/td> Account number<\/strong><\/td> Balance<\/strong><\/td> Interest rate<\/strong><\/td> Minimum payment due<\/strong><\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr> <\/td> <\/td> <\/td> <\/td> <\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n