How will you improve your financial situation this year?
My guess is that you already have some ideas about what you’d like to improve. If not, you can use The New Family Financial Road Map to figure out what to prioritize first.
But either way, knowing what you want to do is just the first step. And many people never take the next step for one simple reason.
Figuring out HOW to do it is confusing.
There are so many banks, investment platforms, insurance companies, apps, websites, and everything else that it can be hard to make a decision and move forward. You get stuck in analysis paralysis, where the fear of making the wrong decision prevents you from doing anything at all.
This post is going to help you avoid that.
Below are 28 tools and resources that will help you make the most of your money in 2019. All of them are either things that I personally use and love, or that I’ve had enough experience with and heard enough good things about that I am happy to recommend them.
I’ve organized them by major category too, so you can skip to exactly the topics you want to focus on and get started right away.
No more analysis paralysis. Now you can focus on taking action and improving your financial situation.
Quick note: I don’t get paid to recommend ANY of these tools and resources. Not a single one. These are simply the things that I think will genuinely help you make better financial decisions.
Budgeting/Tracking your spending
You don’t have to make a budget in the normal sense of the word. You really don’t. In fact, I’ve long advocated for an non-traditional approach to budgeting.
But you do need to set up some kind of system that puts you in control of the money coming into your possession, allowing you to direct it towards the goals that matter most to you and your family.
A great first step is simply tracking your spending so that you can see how much money is coming in each month and where it’s going. That gives you the baseline information you need to understand where you are now, what you can do to improve, and track your progress as you move forward.
Here are a few tools you can use to do it.
1. You Need a Budget (YNAB) – I’ve been using YNAB myself for almost a year now and I love it so much that I buy it for all of my Financial Foundation clients. It’s hands-down the best system I’ve found for tracking your spending and proactively planning for both future expenses and savings goals. It costs $83.99 per year, but…