Money Talks E1: Finding Your Financial Baseline

In the first episode of “Money Talks,” Lila discusses how to find your financial baseline and set short- and long-term goals. Of course, there will be roadblocks along the way—debt being the leader in the clubhouse—but there are steps you can take (and follow diligently) to become financially healthy.

Important takeaways

  • Take a hard look at your finances and make a list of where every dollar is going.
  • Label each expense on the list as either “necessary” or “unnecessary.” This will give you a financial baseline (and opportunities for saving).
  • Set short- and long-term goals. Write them down and reference them often to see if you’re making progress.

Don’t worry if progress is slow—slow progress is still progress. Trust your plan and remember that it’s the small spending decisions over time that help you reach your financial goals.  

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