EP: 008 New Year Money Makeover a Step by Step Guide To Organizing Your Finances in 2024

Modern Financial Wellness

For the first episode of Modern Financial Wellness in 2024, I put together a short "How To" show. I'll walk you through the things to think about and steps to take when you consider organizing your finances.
We'll start with some high-level ideas like:

• Creating a "Year End Review" for 2023. Because you can't move forward without thinking about where you have been.
• Having an "Open Growth Mindset". I reference Carol Dweck's book "Mindset: The New Psychology of Success" which tells us that anything you practice, you can get better at. This directly applies to managing your finances. Especially if managing your money is difficult or stressful. That's totally normal. If you practice you will get better! And it will feel less stressful over time!

I walk you through 3 important areas to focus your efforts:

1) Getting Organized.
2) Understanding where your money is coming from and where you are spending it.
3) Building good processes and routines for cultivating healthy financial habits you can stick with.

Any time I'm talking about building new habits and routines I always recommend James Clear's book, "Atomic Habits: Tiny Changes, Remarkable Results". If you are kicking off a new routine with your money, then this book should be on the top of your reading/listening list.

I spotlight a few different Tools, Apps and FinTech Platforms that can help make your financial lives easier and generally lower the stress and anxiety around managing your money. Here are a few:

• Copilot
• Personal Capital (now Empower)
• Rocket Money
• Quicken
• TillerHQ
• Sequence

Along the way I also share lessons learned from prior episodes including:

• EP:001 Mindfulness & Money w/ Derek Hagen - The importance of being "Non-Judgmentally Aware" of our spending and habits.
• EP: 003 Getting Things Done w/ Dr. Moira Somers and Shaun Erikson - We're human, managing money is hard. Give yourself a break and stick with it!
• EP: 005 Time & Money w/ Time Management Expert Dr. Sarah Reiff-Hekking - The importance of having an open growth mindset.

Finally, I talk about how my wife and I manage the day to day of our finances and what some of our routines look like, as well as anecdotes from client experiences and much more.

Best of luck with your financial goals for 2024 and beyond! I am here to help if you need me.

And remember if you ever want to chat about anything from the episode or have questions about how these things might apply to you, please feel free to virtually drop by my office sometime using the link below. I'm always happy to connect and help out where I can...
https://calendly.com/james-grace/office-hours