Are You Exercising Properly For Personal Financial Fitness?
Just like having to stay fit to live a long life, you must also exercise to improve you personal financial fitness to enjoy a longer life. Spending a life time struggling to pay for the necessities of life can be a lot worse than carrying around a few extra pounds. Here are some tips to improve your life.
1. Know you current condition. If you do not know where you are at you will have no idea how to get to where you are going. The one thing that got you in a bad situation is avoiding your current situation daily.
2. Have a specific plan. Know how much you are going to need for the things that you have planned for the future allows you to save ahead. Write down the things you know that you are going to need and how much they cost. Start saving today for what you need next year.
3. Take advantage of your current situation. Quit paying late charges by paying your bills on time now. Put together a plan to make sure that you pay on time, use electronic bill pay to take the control out of your hands. Do not carry cash in your wallet. Only have what you need for the day. This way you will not spend tomorrows money today and have to borrow bill paying money for tomorrow.
4. Find where your personal finances are sinking your money ship. What are the holes in your money? Where are you wasting money every day, every week, every month? Make a game out of lowering your monthly bills. Have the whole family play. Whoever saves the most gets to decide what to do with a small portion of the savings. Do this monthly.
5. Have long-range eyes. Plan for your personal financial future. Saving money will return itself to you in three fold savings. First it wasn't spent on something that you didn't need. Now it is found money. Second you will invest it and it will grow on its own. Thirdly when you do have to spend it you will not have to pay interest because you paid cash rather than paying interest by borrowing it.
6. Be responsible to your personal financial situation. When you have unexpected expenses come along, attack them when they occur. Putting off paying debts only makes your life miserable. Clear up any of these issues one at a time rather than looking at the mess in total.
7. Pay yourself first. Make sure that you are saving a percentage of your pay check every pay period. Preferably somewhere around 10% will get you on a sound financial future. Have this money automatically going into a savings instrument of some type. If you don't see it go it won't hurt as bad.
Just like going to the gym every day to improve your physical health, you must go to your personal finance "gym" every day as well. Work at building your future at a few dollars and a few cents every day.
To find out more ways to improve your personal financial health and to begin to build towards your retirement and savings goals, visit the resource box below.
1. Know you current condition. If you do not know where you are at you will have no idea how to get to where you are going. The one thing that got you in a bad situation is avoiding your current situation daily.
2. Have a specific plan. Know how much you are going to need for the things that you have planned for the future allows you to save ahead. Write down the things you know that you are going to need and how much they cost. Start saving today for what you need next year.
3. Take advantage of your current situation. Quit paying late charges by paying your bills on time now. Put together a plan to make sure that you pay on time, use electronic bill pay to take the control out of your hands. Do not carry cash in your wallet. Only have what you need for the day. This way you will not spend tomorrows money today and have to borrow bill paying money for tomorrow.
4. Find where your personal finances are sinking your money ship. What are the holes in your money? Where are you wasting money every day, every week, every month? Make a game out of lowering your monthly bills. Have the whole family play. Whoever saves the most gets to decide what to do with a small portion of the savings. Do this monthly.
5. Have long-range eyes. Plan for your personal financial future. Saving money will return itself to you in three fold savings. First it wasn't spent on something that you didn't need. Now it is found money. Second you will invest it and it will grow on its own. Thirdly when you do have to spend it you will not have to pay interest because you paid cash rather than paying interest by borrowing it.
6. Be responsible to your personal financial situation. When you have unexpected expenses come along, attack them when they occur. Putting off paying debts only makes your life miserable. Clear up any of these issues one at a time rather than looking at the mess in total.
7. Pay yourself first. Make sure that you are saving a percentage of your pay check every pay period. Preferably somewhere around 10% will get you on a sound financial future. Have this money automatically going into a savings instrument of some type. If you don't see it go it won't hurt as bad.
Just like going to the gym every day to improve your physical health, you must go to your personal finance "gym" every day as well. Work at building your future at a few dollars and a few cents every day.
To find out more ways to improve your personal financial health and to begin to build towards your retirement and savings goals, visit the resource box below.
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