When you've spent your paycheck, is there still a stack of bills to be paid? Is a savings account something you're still planning to open instead of something you put money into regularly? If so, you're not alone.

Here are some tips to help:

* Pay yourself first. Invest at least 10% of your income in consumer debt repayment or in some type of investment account. To make real financial progress you must reduce your liabilities and increase you assets.

* Establish specific written financial goals. Set short term, medium term and long term objectives for yourself and your family. Review and update your goals regularly, no less than annually.

* Make a realistic spending plan and use it. You must plan how your income will be used or someone else will! Track your expenditures using receipts, a notebook, or whatever is convenient for you.

* Learn about the different types of insurance available. Buy only what you need to cover a specific risk. Increase deductibles to the highest amount you can afford.

* Stay current with your finances by reading regularly, taking courses and working with your own personal financial coach.

If you've heard all of this before but haven't acted on it, now is the time to move forward!

Remember "Knowledge without action is ultimately the same as not knowing."

About the Author:

Learn proven strategies to improve your personal financial Situation from Barak Strickland, Personal Financial Coach. Email him at mailto:Barak@strategies-unlimited.com
or visit his web-site at http://www.strategies-unlimited.com