The Smart About Money website will be retiring on July 31, 2021. Learn more about this decision.


3: Analyze Your Circumstances

What Has Worked for You in the Past?

magnifying glass over brainBuilding sustainable financial security and well-being is a lot like staying physically healthy; it requires some regular maintenance and monitoring your progress. Sounds simple, right? Well, ask anyone who has tried dieting just how simple it is.

Changing your habits to build financial well-being is a process of small steps that, over time, become a part of your daily routine and feel automatic. There is no magic number of days to changing your habits permanently, but monitoring your progress lets you identify (and celebrate) positive changes, and seeing progress over time can become a motivating factor in itself.

Before you contemplate actions and habits to secure your financial well-being, consider goals you’ve accomplished in other areas of your life:

  • What actions and plans have worked for you to improve professionally, in family situations, or in your personal life?
  • How have you overcome other life challenges?
  • Have you sought help from an organization or a person?
  • How did it make you feel when you began to tackle the problem?
  • Did you feel a sense of pride and accomplishment?
  • How have changes to your habits or routine affected your life and your family’s life?

Honestly answering these questions can help you discover activities you should incorporate (or avoid) in plotting a course for your financial security.

What Helps or Hinders You?

light bulbNow take a moment to think about your current financial ambitions. Ask yourself:

  • What are you doing right now that helps you? Are you using anything you’ve used in the past to achieve success?
  • What are you doing right now that hinders you? Is this something you’ve done in the past? How did you get past it?
  • What is holding you back? Are there any steps you can take to remove this roadblock?
Course Home