Become financially smart in 21 days — 12 steps to follow

Save money and invest

I was such a dumb person when it came to finances. I didn’t know what to do.

My money blueprint was messed up.

My mind used to say, “Spend all that you have.”

Oh, I was such a follower. Gladly, I spent all that I had.

Until one day I realized, my account looked like a barren land.

There were hardly any savings, not even a penny.

So I decided to work my way out and redeem myself from the state of being financially unstable

Important Note: The right way to become financially savvy is not a quick and easy process.

It takes commitment and dedication to yourself for at least 21 days. Here is what I did, and you can do the same:

Step #01: Make a list of your monthly expenses and decrease them

Calculate the total amount you spend every month on these expenses and then divide by 30 (days).

This will give you how much money you should save each day in order to reach your financial goal at the end of 21 days.

Step #02: Stop spending money on things you don’t need

Eliminate unnecessary expenses and save that extra cash. Ask yourself, “Do I really need this?”

If the answer is “No,” then don’t buy it!

Step #03: Automate your finances

Automating your finances is a great way to ensure you’re on track with your budget and saving goals.

There are many different ways to automate your finances, but my favorite is by using an app called “You Need A Budget” (YNAB).

Step #04: Create a budget and stick to it

Creating a budget is one of the most important things you can do for your finances.

It will help you stay on track and make sure you’re not overspending each month.

When creating your budget, be sure to incorporate all of your income and expenses.

Step #05: Invest in yourself

Investing is a great way to start building wealth for the future.

You must know what kind of investor you are before investing any money, though! I suggest checking out this book by Tony Robbins called “Money: Master the Game” for that.

Step #06: Set savings goals

Write one line for each of your financial goals, like, “I will start saving money in order to buy a new car.”

Keep this note somewhere where you can look at it every day. This will serve as your motivation for sticking to the plan!

Step #07: Celebrate “No spending” month

This is a great way to motivate yourself to stick to your budget.

Challenge yourself not to spend any money on unnecessary things (except for bills and groceries, of course).

Step #08: Set up an emergency fund

Having money saved in case of emergencies is crucial for any financial plan.

I suggest setting up at least three months’ worth of expenses in savings just for this purpose! This will help you deal with unexpected expenses.

Step #09: Don’t use your credit or debit card

Using your credit card can quickly get you into debt.

The best way to avoid this is by using cash. This will help you keep track of what you’re spending and train yourself not to overspend!

Interest rates are super high on credit cards, so any purchase that you make will end up costing you more than what it’s worth.

I suggest using cash or, even better — using the “You Need A Budget” app for this! This is a great way to stay out

Step #10: Carry a small amount when you go out

This is a great way to avoid impulse buying.

Only take out what you need and keep the rest in your wallet or purse until next time! This will help you stay on track with your budget and save money for future expenses.

Step #11: Don’t let anything stop you from achieving your goals

Don’t let anything hold you back, even if that means making some sacrifices.

I suggest starting with one or two steps at a time and then adding more once you’ve mastered them.

Remember, the end goal is to become financially smart and stable! So keep pushing yourself, and you will reach your goals in no time!

Step #12: Educate yourself on financial topics

There are many different ways to become financially smart, but the best way is to educate yourself!

I suggest reading books, listening to podcasts, and watching documentaries about money and investing. This will help you learn more about what you’re doing and how to improve your finances.

That’s all for today.

Thanks for reading!

Don’t forget to leave your thoughts below. I would love to hear about how you’re becoming financially smart and what steps are helping you the most!

Also, if this post was helpful, remember that sharing is caring! Don’t forget to share it with family or friends who might need some help improving.