How To Get Ahead (3): Step up - Avoid Killer Money Traps

The final part of a three‐part ebook mini‐series, about getting a grip on where you are financially, and working out how you're going to move your life to where you want it to be. Becoming financially fulfilled is 80% understanding your relationship with money and 20% practical money management.

Financial independence. You say you are committed to it, but you just don’t feel you are getting there. It is quite possible that you have fallen into one or more of these four traps without realizing it:

Trap 1: Spending more than you earn. A very easy trap to fall into in our electronic age of internet banking and credit card spending.

Trap 2. Not understanding the difference between needs and wants. Everything is a need isn’t it? We will teach you how to recognise the difference, so you can monitor your choices

Trap 3. Not paying yourself first. If you don’t pay yourself first you will probably pay yourself last and there won’t be anything left! Saving for your own financial future is very important, so start making savings fun.

Trap 4. Avoiding difficult money conversations about money with your nearest and dearest. 70 – 80% of relationships break up over money. Don’t be a statistic, learn how to have the conversation, sooner rather than later.