Plus: Get rolling on 2020 resolutions, a money challenge, answers to your mailbag questions, and more…
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7 Inspiring Leaders Share Their 2020 Resolutions
We asked savvy women from a variety of industries and backgrounds to share their financial aspirations for the year ahead. Their 2020 money must-dos can serve as inspiration for setting your own agenda for the next 12 months.
From carving out more room in the budget for self-care to giving more to the community, here’s what these successful women have planned.
Yes, Money Can Buy Happiness
Despite the old saying, researchers have found that spending money can, in fact, increase your happiness — if it’s spent in a way that jibes with your personality.
A study from Yale University and the University of Cambridge analyzed 76,000 bank transaction records to examine what people spent their money on — either material objects or experiences. The participants’ satisfaction with the products they purchased were then measured in relation to their personalities. Those whose spending was a “psychological fit” reported higher satisfaction. Here’s how to apply the study’s findings to get a bigger bang from your “happiness” buck.
This 7-Day Savings Challenge Is The Perfect New Year's Resolution
Looking for a simple savings guide? Follow these steps each day for a week, and you’ll be on track to achieve even your biggest money goals in 2020. Start the seven-day money challenge.
Plus:
HerMoney Podcast: Your Questions Answered In These Mailbag-Only Episodes!
Our listeners submit THE BEST questions all year long (to mailbag@hermoney.com). Jean’s goal: Answer as many as possible on the HerMoney podcast* — so many, in fact, that we rolled out five bonus mailbag-focused episodes all month long! Here are two to start:
Children, Families and Finances: Jean and Kathryn tackle 529 education plans, affordable adoption options, supporting adult children (without enabling them) and opening a brokerage account for a 12-year-old so mom and daughter can learn how to invest — together. Home Buying and Real Estate: How do you buy a new home if all your money is tied up in your old one? Should a listener pay off her mortgage early or invest? Another listener wants to know if they should renovate and sell or stay put? Answers to these questions and more in this real estate-focused episode.Listen to all five bonus Mailbags here!
How to Set Financial Goals for a New — Gulp — Decade
This year, don’t just make resolutions for the next 12 months. Step back and think about what you want to achieve in the next 10 years. Maybe it’s saving $100,000 over the next decade, starting a side hustle to eventually build into a new business, or working your way up to saving 15% of your income for retirement.
The key to sustaining your momentum through the years is to make your goals meaningful and to set milestones and rewards (plan some splurges!) along the way.
It’s a new decade, ladies! Think big. Think bold. Start the 2020s strong with financial goals that make your heart race with anticipation.
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*This is a sponsored podcast, and it’s a part of a paid campaign with Fidelity Investments, which means we were compensated for this piece of educational content. Thanks!
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