How to set financial priorities
Start by determining your cash flow, then move on to debt and savings
Advertisement
Start by determining your cash flow, then move on to debt and savings
Whether you’re just starting to get a handle on how to set financial priorities or you’re an old pro looking for an easy check-up, the Priority Pyramid is the perfect place to start.
MoneySense contributing editor Bruce Sellery created this riff on Maslow’s Hierarchy of Needs to help separate our most fundamental financial needs from the rest.
And let’s be honest, even the financial savviest among us has to admit that bad habits do creep back in from time to time.
To help you determine how to set financial priorities and where you should focus your energy, start at the bottom and move your way up as you check off each financial milestone. “Because it’s inaccurate to simply get a handle on your money,” says Sellery. “You need to keep a handle on your money.”
Answer these questions honestly for better insight on your financial situation and what your goals should be.
Want even more tips to shape up your finances? Learn to tone your money muscles by signing up for our weekly newsletter. Get MoneySense advice straight to your inbox, and learn how to curb spending, boost your earnings, lower your taxes and more!
Share this article Share on Facebook Share on Twitter Share on Linkedin Share on Reddit Share on Email