December 03, 2024

27. Financial Red Flags: 20 Signs Your Money Management Needs an Overhaul

31 minutes

In this episode, Erin Davis, an accountant with over 30 years of experience explores five key areas that indicate whether your current financial strategies are serving you well or holding you back. Key Points:

Financial awareness and budgeting

Spending and debt problems

Bill management issues

Borrowing and debt consolidation

Lifestyle and long-term planning

Erin emphasizes that there's no one-size-fits-all approach to money management. Instead, she guides listeners through a process of self-assessment and provides actionable steps to create a personalized money strategy that aligns with their unique needs and goals. Highlights:

Signs that your current money management isn't working

The importance of financial awareness and realistic budgeting

How to avoid common pitfalls like overspending and accumulating debt

Strategies for effective bill management and building emergency funds

Tips for aligning your lifestyle with your income and long-term financial goals

The significance of family communication in financial decision-making

How to make emotionally-connected financial goals that drive success

Resources Mentioned:

Free download: Personal Money Strategy Guide at www.erindavis.com.au/moneystrategy

What to do next:
Download Erin's free Personal Money Strategy Guide to assess your current financial situation and start creating a tailored plan that works for you.

Keywords: money management, women entrepreneurs, financial confidence, budgeting, debt management, financial planning, small business finances, financial independence, money mindset, financial awareness, business finance, women in business, financial strategy, money goals, financial stability SEO Description: Discover if your money management is truly working for your small business. Learn 5 key areas to assess and create a personalized financial strategy with expert tips from accountant Erin Davis.

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Here are some useful links
Join The Confident Money Lounge Facebook Group https://www.facebook.com/share/g/BF4Jd4q8SByT9aPh/
Create your own money strategy https://www.erindavis.com.au/moneystrategy
Financial Wellness Kick Starter Kit https://www.erindavis.com.au/kickstart
Planning Day https://www.erindavis.com.au/planning
Instagram https://www.instagram.com/erindavis_transform/
Website https://www.erindavis.com.au/
LinkedIn https://www.linkedin.com/in/erin-davis-b2163582/

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