In today’s world financial goals are important. Whether saving for a car, home or even paying off college loans, you need a solid plan to hit those goals. Advice can be the best thing for building your foundation for a plan or impacting the plan you already have set forth. Read ahead and find some help that can make the difference you need.
Take the time to mull over your feelings towards money. Understanding your personal spending habits and the reason for these habits is the first step to transforming your personal finances. Try not to focus on material objects but only necessities that are integral. You can move on and work on building positive feelings later.
To find out where your money is going record all of your spending. For at least a month, write down every single time you spend money, and what you are spending the money on. After you have done this for the month, review your spending habits and make changes as necessary.
Cancel what you don’t need. Each month, millions of people throw away money for services and products they don’t even use. If you haven’t been to the gym in over four months, its time to stop kidding yourself and cancel your membership. If you haven’t watched a streaming movie in six months, then cut off the subscription.
If one has old electronics that are in perfectly good working condition but out-dated and replaced with a newer product, they can still be valuable. If one sells them to a pawn shop or sells them over the internet that can bring in some extra money to save.
Set up any bills that you can to be directly withdrawn from your checking account. This will assure that they are always paid on time as long as you have the available funds in your checking account that is needed to make these payments. It is easy to set up and will save a ton of time and money in late fees.
Splurge every now and then. No one likes the feeling of deprivation, and if you know that you have the freedom to have one big meal or one pair of shoes every now and then, you will have a feeling of mastery over your finances. Don’t overdo it, but a small luxury purchase periodically is worth it.
Being consistent with your personal finances is only worth what you put into it. Goals will not accomplish themselves without someone to guide the effort. That responsibility falls to you and the tips you have read can offer some help in delivering on your promises to yourself. To waste time is to waste money so make the most of both.
C. Thomas Gambrell, known for living to make Sunshine (AKA his wife) laugh, is a lover of tropical beaches, sushi, marketplace ministry and everything corn (popcorn, tortilla chips, nachos, grits, etc.). As a nationally acclaimed business success coach he helps people give birth to new belief systems, bodies and businesses. Find out more about his proven success strategies with his popular FREE Resources, available at CThomasGambrell.com