- January 5, 2023
- Posted by: Bastion team
- Category: World News
Shannon Foreman, CEO and founder of Forethought Planning, said just like you would set aside time for a partner or a friend, you need to do the same for your money.
MINNEAPOLIS — Inflation rates have fallen for the past five months, and Forbes projects them to continue falling in 2023. Despite the projected decline, we’re still dealing with higher-than-normal prices and the overall financial hit of 2022.
As we head into the new year, Shannon Foreman, founder and CEO of Forethought Planning, said there are simple things you can do to stay on top of your personal finances this year.
One tip she has is to go on “dates” with your money.
“Just like you would date a partner, you need to spend time with them,” Foreman said. “So you need to understand where things are. You need to know where your investments are. You need to know where your bank accounts are, what credit cards you have… what goes in, what comes out.”
Foreman says it can be as easy as one 15-minute “date” a week… just as long as you put it in your calendar.
“If we don’t have that set time in our calendar, it’s not going to happen!” she said.
Foreman suggests people use that time to track their cash flow.
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