How to Make Smarter Money Decisions

#CreditChatWednesdays | 3 p.m. ET

Featuring: Carl Richards @BehaviorGap

Join our #CreditChat every Wednesday at 3 p.m. ET. This week, we talked to New York Times columnist, Carl Richards, about his new book The One-Page Financial Plan - and we learned how to make smarter money decisions.

“Check Out All the Tweets and Resources:

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?Why is it easy to make irrational decisions when it comes to money?

#CreditChatWednesdays | 3 p.m. ET

Personal finance is 10% math and 90% emotion. If we grasp that, we can make more rational decisions.

Tweet by @DebbiKing

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We often have a hard time separating “need” from “want”-- knowing the difference can promote better financial habits. Tweet by @emergebenefit

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Humans are emotional creatures, and many of us have a complicated relationship with money.

Tweet by @KaliHawlk

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?Why does emotion play a big role in how we think about/use money?

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A lot of emotions about money stem from belief systems that are passed down to us or that we picked up from others.

Tweet by @Lenda

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Some people receive a positive emotional response when they buy something new. Spending, to them, is a way to feed this.

Tweet by @LeslieHTayneEsq

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?What are some common financial mistakes we make?

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Mistake Numero Uno: Spending more than we make. Tweet by @HerOwnNet

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The biggest mistake: Not looking at your total cash flow month to month.

Tweet by @WelshKristy

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Overspending, relying on credit cards and making minimum payments = huge financial mistakes that keep you in the debt cycle.

Tweet by @Payoff

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?How should we approach fuzzy financial topics that we don’t know much about (e.g. investing)?

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Tweet by @HerOwnNet

helps me tend to my worries. Knowledge is empowering.

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Any time I feel anxiety about a financial topic, I find that research

Always break down education and goals into smaller steps. Conquer one thing at a time. Celebrate your wins along the way!

Tweet by @Marybstorj

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?What encouragement do you have for those who feel they’ve made too many money mistakes?

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It’s never too late to get on the right track! Tweet by @DadisCheap

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It doesn’t matter what happened yesterday. Start fresh today and give it all you’ve got. Tweet by @emergebenefit

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Mistakes are NOT failures unless you don’t evaluate them and understand what went wrong.

Tweet by @KaliHawlk

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?What are some steps we can take to create a financial plan that matters to us?

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To create a financial plan, think about your future and what you would like to happen that fits within your goals.

Tweet by @MoreThanWheels

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1. Have a goal. 2. Make a plan. 3. Enact this plan. 4. Review each month where you’re at. Rinse and repeat.

Tweet by @WelshKristy

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Look at ALL your expenses and focus on your goals. Where can you cut back? How can you make more?

Tweet by @_MoneySavingPro

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?How should we deal with the unexpected financial events in our life?

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Have an umbrella (emergency fund) handy, because it will rain! Tweet by @DebbiKing

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Expect the unexpected! Protect yourself, your stuff, and your assets BEFORE something goes wrong.

Tweet by @KaliHawlk

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Wednesdays | 3 p.m. ET#CreditChatWednesdays | 3 p.m. ET

Wh tax mistakes that are easy to make?Any final tips to help us make smarter decisions with our money?

#CreditChatWednesdays | 3 p.m. ET

Making better financial decisions starts with education and getting comfy with the idea of money as a tool.

Tweet by @KaliHawlk

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A common mistake when budgeting is trying to do too much at once - just like a crash diet. Break it up into smaller goals.

Tweet by @emergebenefit

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When it comes to your money, there are no stupid questions. Ask, ask and ask until you have clarity and confidence.

Tweet by @Marybstorj

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It isn’t as difficult as it seems. It might take a while, but changing your money habits is SO worth it!

Tweet by @PiggieBanker

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#CreditChatWednesdays | 3 p.m. ET

Check out all the resources and tips shared:

ex.pn/carlr

#CreditChatWednesdays | 3 p.m. ET

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