Do you worry about your finances frequently, yet don’t do anything to change the situation you’re in? These small steps will help you get to a place of financial security.

5 Steps You Can Take TODAY to Become More Financially Secure

1. Write down your top 3 financial priorities.

To start, write down EVERYTHING that comes to mind when you think about your finances. This could include saving for your next vacation, sending your kid to college, getting out of credit card debt, or figuring out how much you need to save to purchase your first rental property. Write down all of it. Certain things may be super specific, while others might be more general.

Once you have everything written down, go back and read through the list. Chances are you probably came up with more than you thought. You may be feeling overwhelmed at this point. Don’t go do something else and say you’ll come back to it. Think about each thing that you wrote down and come up with your top 3—no more and no less. When you are having trouble prioritizing your top 3, ask yourself these questions:

• On a scale of 1-10, how stressed does this (thing) make me feel?
• What would make me feel happiest if I got done or started?
• What is a need versus a want?
• Why have I avoided this in the past? Does it make me feel overwhelmed? Scared? Do I not know HOW to do this?

OK, you have your top 3. Good. Now focus on these three things and work to make progress. How do you feel? I hope that by just focusing on three things you feel more confident in your ability to make progress.

Related: 6 Tips to Improve Your Financial Emergency Plan

2. Talk about your financial priorities with your significant other.

If you’re in a relationship, it’s important to be in sync when it comes to finances. Money is the #1 reason that couples get divorced, so it’s critical that you and your partner are on the same page and work as a team. So, tonight, after a nice dinner and glass of wine, sit down and ask each other the following questions:

Some of these questions may not feel directly tied to personal finance, but they all are. For example, it’s unlikely that most couples in their 20s ask each other about retirement. But it’s actually extremely important. If one of you is fine with retiring to a “simple life” while the other wants to travel the world or live in an exclusive golf community, you need to talk about that and what it will mean to make that happen.

I’m sure many of you have never had these types of discussions with your partner. That is OK. But, starting today, make it a topic of conversation once a week. These questions don’t have a right or wrong answer. There may not be an answer or resolution today or tomorrow. But hopefully you will start to feel more comfortable talking about money with your significant other and like you are a team working towards the same goals.

3. Don’t buy any “wants” today.

Before you make any purchase, ask yourself whether that is truly a need or if it’s a want. No, you do not need a cup of Starbucks coffee. Once you start thinking in this mindset, you’ll start spending less money. One nice cup of coffee each week won’t break the bank. But one $4.00 coffee every day ends up being over $80.00/month and almost $1,000 every year! And that’s just your cup of coffee.

Related: 4 Tips for Recent College Grads Seeking Financial Freedom

4. Read up on life insurance.

A lot of people do not have enough (or any) life insurance. If you’re married with kids, it is very important that you have the right amount of coverage. Chances are, it’s less expensive than you think. Take 15 minutes to read the this article to see if you need life insurance, and if you do, how much.

5. Smile.

Finances isn’t a fun subject for most people. It’s hard. It will likely require sacrifices. If you’ve done #1-4, smile. Feel proud that you’ve done more to secure your future than you did yesterday or the day before.

[ Note: We’re republishing this article to help out our newer readers. ]

Anything you’d add to this list? Which of these do you plan on following?

Leave a comment below!

Note By BiggerPockets: These are opinions written by the author and do not necessarily represent the opinions of BiggerPockets.

Article Source : biggerpockets Website