“If you are not successful in your personal finances, what makes you think you will be successful managing your own business?” – [tweet] Do something for your financial well-being it is one of the hardest things in the world but also one of the healthiest thing to do for the sake of your own peace of mind and peace of mind. And that money management is not at all simple.
In fact it is alarming that thousands of families are reeling from the economic difficulties and precisely because they have no income or employment, but because they fail to find balance in their finances.
And the main reason has to do with the fact that they never teach us at home to properly manage our money or at least not with correct principles, in contrast to the continued marketing blitz that makes us mistakenly think that ” spending and pay later “is the formula for everything you want.
Heal your personal finances sometimes could take years and much sacrifice. But if you really want to get started today, here I share at least 11 and more things you can do for your financial well-being:
Avoid impulse buying.
Stop buying buy. Most things do not really need. Decide for yourself take a break this destructive habit of giving in to anything you see in a shop window.
Limits the amount of money to spend.
If control is your weakness, try not to wear your debit or credit cards with you. If you’re eating out, you choose how much you want to take and that will be the most you’ll spend. This will help you avoid the excesses.
Develops personal spending budget.
If you really want positive developments in your pocket, made a personal budget of income and expenses. This will help you better visualize your current condition and make necessary cuts.
Do not spend more than you earn.
This premise seems obvious and even trite. Still, there is no clearer way to move towards a balanced finances. And it has to do with money just has to do with self-control.
Plan your shopping better.
Do not buy impulsively. Do not buy in the first place that comes your way. Listed in several places. Compare. If you really have to buy something, you look for the best choice, best price, the greatest benefits.
Use more effective, less cards.
This is a temporary technique that will help you be more aware of what you’re spending. At least while you gain more control, do your shopping on cash so you can better measure the extent of your consumption.
Record your purchases.
Another effective technique is to limit your spending record them in a small notebook. That way you’ll have more clarity on how much you are consuming.
Beware of ant expenses.
These are those very small expenses (apparently) but which together represent large sums of money leaking from your budget. Such as small meals, gifts or unplanned unnecessary outings.
Save a contingency reserve.
Emergencies always present and can severely damage your budget if you have at least a plan to meet them. It is better to have insurance protection as medical expenses or car, but failing that, try to keep a small amount to have an emergency fund.
Pay your debts.
Nothing complicated things that postpone or avoid paying debts. Must clearly define how. Make payment arrangements to stop charging interest. Make a payment plan and begins to release the pressure of debts.
Do not pay debt with debt.
Consolidating your debt can be a good alternative if you do a planned. But only pretending to acquire a debt to pay another is financial suicide. If you feel desperate and need help, look for even advisor to guide you honestly. But for anything you make decisions in haste.
Develop Your Financial Intelligence
The tips described above have to do with immediate actions to stop the heavy “railway debt.”
However, in order to have long-term improvements that will actually help not only to have your finances in control, but to grow and achieve one day achieve financial freedom, here are some additional tips:
Seeking new sources to generate income. There are many things you can do to your current complementary activities that allow you to generate additional money. For example these 14 ideas to generate income without leaving your job.
Learn about financial intelligence. There are many ways to develop financial intelligence. Attending seminars, reading some good books or watching videos on the subject on the Internet. The important thing is that you are aware of the importance of this topic and start learning today. I’ll leave this one for example Robert Kiyosaki 5 tips for youth about finances.
He works as a freelancer. One is someone who does freelance work from home and charge for them. There are many things you can do as a freelancer that can mean you a good extra income. Here are some tips to become a professional freelance.
Learn how to put your money to work. One of the great secrets of financial intelligence is your money work for you rather than you work for money. If this topic is of interest I suggest you read up on how to make money while you sleep.
The most valuable resource you have is yourself. Discover your skills, know, valorate.
The way you use your money is tied to your emotions and feelings. How much better control it, you’ll have a greater sense of tranquility.
Your financial decisions affect your relationships with your closest loved, for better or worse. Your conscious financial decisions based on your needs and personal and family goals.
If you lose your way at times, no leakage or ignore your reality.
Make a stop along the way, analyze your situation and make decisions that help you regain control.
To be a real entrepreneur you need to dream, imagine and yearn but also work. You must project your future, setting goals and define the next steps. You must train you, be creative and strive tirelessly to achieve what you propose.