The pandemic has impacted many people’s mental health, and almost two years later, many of us are struggling with COVID fatigue. Even though many of us don’t feel like pushing on, we still have to show up. Mortgages and rent are due, groceries need to be purchased, and most of us still hope to retire one day. How do you focus on money management when you lack motivation? Here are five strategies to help you keep your focus while building a strong financial base and growing wealth.

Understand Your Current Financial Position – where are you at financially? Do you carry any debt? How much do you have saved? Are you ready for retirement? Use the MoneyWellth Application to work your way through our seven-step process to creating a financial foundation and building wealth.

Have a Plan – with any goal you set out to accomplish, having a plan and knowing what steps you need to take to achieve your goal will put you on the right path. It will also allow you to check-in and see your progress. Regardless of where you are on your financial path, paying off debt, building savings, or planning for retirement, having a plan is crucial. Write down your goal and milestones you want to reach along the way.

Spend Less Than You Make – if you aren’t doing this now, it’s time to start. The only way to get ahead financially is to have more money coming in than going out regularly. If you are spending more than you make, then look for ways to add additional supplemental income or cut back on expenses. Click the link below to see resources for adding income and cutting expenses.

Check Your Progress – whether you check-in daily, weekly, or monthly, it’s important to check-in on your progress. Celebrate the wins and milestones. Money management is a marathon, not a sprint, so take the time to acknowledge your hard work along the way.

Stay Engaged – money management is not something you can do once and forget about. You have to build healthy money habits. The hardest part of managing your money is making sure you are actively engaged and working toward your financial goals. Once you get started, it will take time to build good money habits, but once your habits are built, you will be rewarded for your hard work and focus.