Spending money is easy, but spending money the right way can be difficult.
Financial planner Carl Richards wrote The One-Page Financial Plan to help people set better practices when it comes to personal finance. “The first three chapters are about ‘Where are you going first?'” says Richards, “then let’s take all that great advice we’re getting out in the world and see how it fits into our plan.”
He stresses that it’s important to figure out what is best for you when working out a financial plan, because everyone has different values and goals. Watch the video for more of Richards’s advice.