Published on November 18, 2015 2:17 pm, by Jen Bakker
Step 7 – Review, commit & automate
If you’ve got this far I’m super duper impressed. There’s been a lot of work for some of you so I feel like I should give everyone a break.
You might be on a roll like me though, so rather than a break I’m going to suggest that you review what we’ve done to this point.
Revisit your notes from Step 2 and Step 4. Make sure everything adds up. Have you done everything you thought of and committed to in those weeks? If not, get to it!
Rewrite a list of what’s outstanding and use this week to attack it. If you’re considering a balance transfer or changing your debts around from week 5, now is the time. Most banks allow you to do an online application that has a decision made instantaneously.
Over the last few weeks you may have made changes that will be impacting you favourably already. Give yourself a pat on the back and jump in to your MoneyBrilliant account. See what your spending habits look like compared to when you started.
Write out a list of what you’ve changed. What have you done well? What needs more work? Is there anything you need to follow up on?
And finally – what payments can you automate? Get your direct debits and automatic payments set up. Make sure your savings are being swept in to a savings account on pay day or repayments are going straight in to your debt to chunk it down.
Related Articles –
Step 1: just think about it
Step 2: be honest about what you do
Step 3: where does my money really go?
Step 4: dreams & goals
Step 5: turning insights in to action
Step 6: getting rid of bad debt
Jen is an experienced banking professional who loves wine, coffee, finding a bargain and of course her three beautiful children. Since Jen's first budget led her to buy a home at 20, Jen has passionately helped others to make better decisions with their money.