How well do you know your financial self? Take a look at these four steps to discover what's working for you
and your money:
1. Write down three financial behaviors you do well today
Think of some money habits you're proud of. Are you putting a chunk of every paycheck into a savings account? What about lifestyle changes: Have you reduced the number of times you dine out each week or cut your cable service? Every good habit is worth a pat on the back (and a buck in the bank), so don't sell yourself short.
2. Write down one financial behavior you want to change
Consider kicking an existing bad habit (a new-shoe addiction?) or finding financially smart alternatives for a pricey hobby. No bad habits to speak of? Congrats! Think about how to make your good behaviors even better, like upping your 401(k) contribution.
3. Share one thing you are doing well with friends and family
Money can be a taboo subject—a 2014 Market Probe survey revealed that personal finances top the list of challenging topics to discuss with others—surpassing politics, religion and death. Are you surprised? But transparency can be a good thing, and open conversations about money tend to lead to positive results. Have a casual conversation over coffee (or cupcakes) about the financial habits that are working for you.
4. Ask a friend or family member what they are doing well with their finances
As part of this same conversation, see if you can ask for some tips in return. Your friends and family members may have creative ways to manage their money that you can't learn by reading a Facebook post or even a personal finance blog.