3 Money Tips for 2020

Posted by Nailah Herbert in Opportunities & ResourcesJanuary 1, 2020(Last Updated December 30, 2022)2 min read
Key Takeaways
  • Twenty-twenty (2020) is the year of financial prosperity! 
  • Focus on the financial marathon ahead of you, do not worry about what others are doing. 
Are you ready to make some real money moves?

Happy New Year! Twenty-twenty (2020) is the year of financial prosperity! Last year, we created “3 Money Tips for 2019,” and now, we want to give you three money tips for 2020. Check our tips out below.
 

Breakdown your financial journey

 

Everyone is running their race. Some people may have a great understanding of their financial journey and know exactly how they plan to use every dollar. Some people may have just started learning about the basics of finances. Either way, focus on the marathon ahead of you.

 

Questions to reflect on:

• Do I have any financial fears that are holding me back?

• What is the look and feel of my financial journey?

• What steps can I take to influence my financial journey positively?

 

Use your money as a tool

 

Finances are inevitably involved in your future. Whether you want to buy a house or a car or save for a new laptop, you must have a plan for your money and use it to your advantage. Every dollar should have a home, and every dollar you spend causes a chain reaction. For example, if you save your money to purchase your first car, you can inspire others to do the same.

 

Questions to reflect on:

• What is my root purpose?

• What steps will I take to manage my finances better?

• How can I grow my wealth?

 

Plan + celebrate yourself and your progress

 

Do not get so caught up with various tasks that you forget to take time and enjoy your life. Here are three reasons to celebrate:

 

-Celebrate yourself because you took the time to read this article and learn more about finances.

-Celebrate your plan because you decided to get real with your future.

-Celebrate your progress because you’ve gone through the struggle.

 

In the words of J. Cole, “There is beauty in the struggle.” There will be an uphill battle with managing your finances, especially if finances are a completely new topic for you. Keep fighting. You will learn from your mistakes and properly maneuver your finances for the betterment of your future.

 

Questions to reflect on:

• When will I allow myself time to reflect and celebrate my financial progress?

• What makes me genuinely happy?

• In what ways can I keep myself encouraged on this financial journey?

 

Download the CapWay app for more tips.

 

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