Savings Mix: How to Manage Money and Create Strategies to Achieve Savings and Goals

By Sheila Atienza

Saving money is a creative process. So, where do you begin? How do you make money work for you?

Are you curious or conscious of how your values can shape your ability to plan, save, spend and invest? How do you take charge, apply strategies and take actions?

In this book, we explore the money management fundamentals necessary to build and achieve

• Language: English
• Publisher: Privilege Digital Media
• Release date: Sep 7, 2021
• ISBN: 9780981147567

Sheila Atienza

Sheila Atienza is a marketing professional and digital media consultant based in British Columbia, Canada. Before venturing into her marketing consulting and writing endeavours, Sheila has held a dual licence in real estate trading and mortgage brokerage.

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Savings Mix

Savings Mix

Savings Mix

How to Manage Money and Create Strategies to Achieve Savings and Goals

Sheila Atienza

Privilege Digital Media

Savings Mix: How to Manage Money and Create Strategies to Achieve Savings and Goals

Copyright © 2021 by Sheila Atienza

Published by Privilege Digital Media,

Richmond, British Columbia, Canada

All rights reserved. No part of this publication may be reproduced and transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or any information storage and retrieval system, without permission in writing from the author and publisher.

This publication is presented to provide integral concepts and information on the scope covered on the subject matter. Best effort was exerted in order to write the relevant facts. However, the author and publisher warn the readers to verify the facts and therefore any changes in those facts that may take place in the process. In addition, the author particularly disclaims any liability that is incurred from the application of the contents of this work. Readers should consult with an expert to provide advice on their particular situation.

Savings Mix 

Privilege Digital Media

Richmond, British Columbia

Canada

PRINT ISBN: 978-0-9811475-5-0

EBOOK ISBN: 978-0-9811475-6-7

SUBJECT CATEGORIES:

BUSINESS. ECONOMICS.

Personal Finance. General.

Personal Finance. Money Management.

Personal Finance. Budgeting.

Personal Finance. Investing.

Contents

Introduction

One Personal Finance, Lifestyle, and Basic Decisions

Two Money, Credit, and Debt

Three Why Money Management is Essential

Four Planning and Managing Money: Creating A Strategic Approach

Five Achieving Savings Goals

Six Creating a Healthy Savings Mix

Seven Creating Your Investment Mix As a Beginning Investor

Dedication

Dedicated to those who strive to achieve financial independence

A Quick Note From the Author

Sometimes, it does not matter how much possession you have in this world, but how that possession can inspire and motivate you to grow and make a difference in your life and others. That's what matters.

Introduction

Saving money is a creative process. So, where do you begin? How do you make money work for you? Are you curious or conscious of how your values can shape your ability to plan, save, spend and invest? How do you take charge, apply strategies and take actions?

In this book, Savings Mix: How to Manage Money and Create Strategies to Achieve Savings and Goals, we explore the money management fundamentals necessary to build and achieve a healthy personal financial lifestyle. This book can best be used as a beginner's guide to personal finance. You will learn the art of managing and saving money; and how the process can practically work for you.

This book has seven chapters. Chapter One introduces us to the world of personal finance. Chapter Two explores money, credit, and debt. Chapter Three discusses money management. Chapter Four explores topics in creating a strategic approach. Chapter Five discusses achieving savings and goals. Chapter Six and Chapter Seven, respectively, explore creating a healthy savings mix and investment mix.

In Chapter One, Personal Finance, Lifestyle, and Basic Decisions: An Overview, we touch on:

The World That We Live In

What Does Being Wealthy Mean to You?

Personal Finance: Understanding and Analyzing Your Personal Financial Choices, Decisions and Actions

Personal Finance: Taking Charge, Planning, and Taking Actions

In Chapter Two, Money, Credit, and Debt, we  cover the following:

What Money Means to People

What is Debt and Why We Accumulate Debts?

Are All Debts Bad?

Borrowing and Spending

Debt, Debtor, Creditor

Why People Borrow Money

More Expenses, More Borrowing

What is Credit and Do We Need It?

Understanding Your Credit Worthiness

Credit Rating, Credit Report

Should You Apply for Credit?

Working On Your Credit Rating

How to Improve Credit Rating

How Do You Know If You Are in Debt Trouble?

In Chapter Three, Why Money Management is Essential, we  cover the following:

What is Personal Money Management?

Why Personal Money Management is Essential

Understanding and Using Financial Resources

Knowing that You Can Control Your Finances

Achieving a Sense of Financial Independence

Achieving Better Relationships and Other Personal Rewards

Needs versus Wants

What Are Your Financial Priorities?

In Chapter Four, Planning and Managing Money: Creating A Strategic Approach, we  cover the following:

PHASE 1: Where are you at this point? Understand your personal financial position

PHASE 2: What are your financial needs and goals: Know how you can accomplish your goals

PHASE 3: What financial strategies or options do you have?

PHASE 4: Assess your options. Are these feasible?

PHASE 5: Develop, Write and Execute Your Financial Action Plan

PHASE 6: Evaluate, Adjust and Rework Your Action Plan

In Chapter Five, Achieving Savings Goals, we  cover the following:

Personal Thoughts about Money

Determining your Money Habits and Lifestyle

Embracing Change, New Habits and Skills

Challenges with Saving Money

Finding Answers to Important Questions about Saving Money

How Will You Save Money

Saving Money is a Creative Process

Pay Yourself First

Your Financial Goal and Savings Plan

When Will You Begin Saving?

Decide Where to Save Money

Making Money Work for You

Have You Heard About the Rule of 72?

Saving Money versus Investing Money

How Values Shape Your Planning to Save and Spend

In Chapter Six, Creating a Healthy Savings Mix, we cover the following topics:      

Creating a Healthy Savings Mix: What Are You Saving For?

Creating a Healthy Savings Mix: Making Your SMART Goal

How Do You Know You Are Achieving Your Goal?

Can You Attain Your Goals?

Self-Image, Confidence and Opportunities

Do You Find Your Goal Reasonable, Relevant and Realistic?

Does Your Goal Have a Deadline?

What Are You Saving For?

And finally, in Chapter Seven, Creating Your Investment Mix as a Beginning Investor, we cover the following topics: 

Where to Put Your Money

A Whole New Journey

Savings Account

Investment Mix and Diversification

Should You Do Stock Investing

Mutual Funds

Exchange Traded Funds

Robo-advisor

Conclusion

One

Personal Finance, Lifestyle, and Basic Decisions

Personal Finance, Lifestyle, and Basic Decisions

An Overview

Chapter One

The World That We Live In

What