Build on good budgeting habits youвЂ™ve established to prioritize your next personal finance goal and rely on your increasing confidence to keep making money decisions that best fit your near- and- long termВ needs.Д«ob Juliano is Vice President, Director of Corporate Giving & Financial Literacy at WSFS Bank. Want to be a homeowner? Pay off student debt faster? Contribute to your company sponsored 401k? These are all achievable goals. With your first goal heading toward success, apply what youвЂ™ve learned to your next money management goal. As you see your savings grow, confidence that you can accomplish your goal will alsoВ grow. Proactively Add to Your Savings, and YourВ ConfidenceДЄt the end of each month, check your finances to see if your budget allows you to either increase your automatic transfer amounts, or if you have a surplus at any given time, make a one-time transfer to savings. A great way to start is to open and link a savings account with your checking accountВ and set up an automatic transfer for a specified dollar amount each month (or each paycheck) from checking toВ savings. Try setting one goal to start, such as building an emergency savings. It also builds upon itself and grows with each victory you achieve. ItвЂ™s easy to be tempted to jump in too quickly, setting multiple financial goals simultaneously that prove unattainable and could lead to you giving up or not sticking to a long-rangeВ plan.Д«uilding financial confidence is incremental and takes time. Now that you have a basic understanding of managing your finances, start taking steps to achieve one financial goal that is important to you.

Whichever learning method you prefer, there are great tools to use, from blogs and expert-authored articles to online financial education programs that guide users through a variety of financial topics, including key financial concepts, building a spending and savings plan, preparing for large purchases and planning forВ retirement. Use Financial Education Tools at YourВ Disposal Whatever your learning preferences might be, developing or increasing your awareness of personal finance terms, concepts and strategies goes a long way toward building confidence in managing yourВ money. While some people prefer to dive in on a subject and do their own research, others want step-by-step guidance to lead them in the right direction. Wherever you are in your financial journey, use these tips to forge a path to improve confidence in your money management skills, make sound financial decisions, and create and execute a proactive financialВ plan. Like many aspects of their lives, people differ in their confidence levels when it comes to personal finances and moneyВ management. Sometimes confidence is felt and observed in the moment, while at others it is seen over time through positiveВ results.ДЇinancial confidence, at its core, can be summarized as the capability to recognize and act upon oneвЂ™s strengths and areas for improvement when managing their own money. By definition, confidence is вЂњa feeling or consciousness of one's powers or of reliance on one's circumstances.вЂќ People tend to exhibit confidence in their own abilities based on many factors, including knowledge and experience.

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