Everyone wants to be in better control of their money, but with all the conflicting advice out there, sometimes things seem so confusing that you may even want to work on it.
Here are 3 easy things you can do right now that can make a difference in your finances by the end of the week:
- Take a look at the way you spent money over the last 12 months. This can be done by reviewing bank statements, credit card statements, check registers, receipts, and so forth. If you can’t get a 12-month picture, work to build 6 months or even three months. You will be surprised what you learn about your priorities, values, and spending habits by doing this little emotional exercise.
- Track everything you spend for one week. This means every can of soda, every pack of gum, and every donut. Write it all down. Then total it all up and see if it’s more or less than you thought you were spending each week. If you are surprised by what you are currently spending, it’s time to create a Spending Plan.
- Create a Spending Plan by going here. It costs just $4.95 per month to have access to powerful forecasting software that will help you easily put together a plan for spending that eliminates all the things you discovered when you did your history and then tracked for a week that you did not want to spend money on. It will also help you create categories for spending so you can have the things you really want while eliminating the stupid things you regret spending money on in the past.
For more information, contact Money Mastery at firstname.lastname@example.org.