Assess Your Money Behaviors

Are you sabotaging or supporting your life-goals

by Kathryn Amenta, Financial Advisor

Do your money behaviors sabotage or support your life and life-goals? Sometimes we get locked into old money behaviors without fully realizing their impact on our lives. Here’s a quick list of the most prevalent negative money behaviors that cause financial problems. It’s followed by a list of the positive behaviors that indicate you are in control of your money and your life. Where do you stand?

Negative Money Behaviors that Sabotage Your Life

• You stash unopened mail
• You don’t maintain paper check registers
• You don’t regularly reconcile your checking accounts to the penny
• You overdraw your checking account
• You use credit cards to pay for items that you can’t afford to buy
• You carry ongoing credit card balances
• You use one credit card to make payments to another
• You take cash advances
• You don’t have adequate insurance policies for your life, health and property
• You increase paycheck deductions to generate more monthly income
• You are in arrears on income taxes
• You don’t have a budget that is reviewed and revised regularly
• You borrow money from friends or family without a specific, written agreement for repayment
• You impulse spend
• You don’t earn enough money to support your basic needs
• You save more for your child’s college education than for your retirement—and you are under-saved for retirement

If you answered YES to 3 or more of these questions, you will benefit from Kathryn Amenta’s expertise services. Please call 415.333.6872 today to discuss an appointment.

Positive Money Behaviors that Support Your Life

• You save money for predictable periodic expenses
• You have a monthly budget and review it regularly
• You know the exact balance in your checking accounts
• You know the exact extent of your debt
• You have a balanced plan for debt elimination
• You pay with cash whenever possible
• You pay bills on time
• You save for emergencies
• You save for retirement
• You have appropriate insurance policies in the right amounts
• You live below your means
• You earn enough money to support your basic needs . . . and then some

© 2010 Kathryn Amenta

Kathryn Amenta is an expert Financial Advisor to individuals, couples and business partners. She uniquely focuses on overcoming personal barriers to financial success, including underlying beliefs about money, spending, saving and self-worth. Through her proprietary cash flow tools, she has helped clients across the US learn to successfully manage their money, create action plans for their future and enjoy financial security in any economy.

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