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There’s more every month “Financial Victims” search instant results. However, I am sorry to inform you that the so-called “miracles” or immediate results do not exist.
Everything is a series of efforts and habits that must be done every day to achieve the financial results you want.
Having a habit is not easy, and this applies to every aspect of your life that you can think of. It is even more complicated when you have many other harmful habits for your personal finances and your pocket.
In this article I want to give you different ways to create healthy habits for you and your family.
Image: Edi Kurniawan on Unsplash
We live in the digital age, we definitely have to use it. Use all of the existing tools to remind you of the smallest habits that cost you the most work.
One of the most difficult habits for people is to use a credit card because they forget their trial date.
If you remember your court date, you can pay on time and earn no further interest.
There are currently many applications where you can enter your daily data.
Prioritize in a list
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Write the most important payments you face each month. List which ones are most important and which can wait another month. Then create your monthly budget based on this list. If you are tempted to buy something that is not on your list, you will think twice.
Envelopes, the infallible administrative system
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If you went to one of my training sessions, you are probably already familiar with the famous “envelope” method. It consists of dividing your money into different envelopes (or bank accounts) according to the areas of your life with the famous 7 + 1 rule: education, financial freedom, monthly commitments, fun, donations, special projects, support.
You have to allocate your money in these areas in different percentages. This will develop the habit of not spending all of the money that comes into your hands on anything.
Set your rules
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It is also very important that you set your own financial rules yourself. And of course make sure you follow them.
I will give you some examples:
- I will not spend more than I deserve
- I will not go to the cinema more than twice this month
- If it is not in my budget, I will not spend it
- I will invest 10% more this month
- I will not be spending on meals outside of this week
This will help you create your own money constraints and spend less than you normally spend.
Write everything down
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If you’re one of those people who don’t know where your money is going, this will help you. Every time you spend on something, write it down, every time you get money, write it down. This will help raise awareness of your spending and keep control of your finances.
Address your payments
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If you are one of those who do not have the time to pay for all services, this is a good habit. Direct debit payments generate no interest and you avoid surcharges.
Remember that there are no additional costs.
Plan according to your goals
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This is one of the most important habits you have to do month after month. Knowing what your short, medium, and long-term goals are will help you achieve them. Determine what your goals are and what you need to do to achieve them. If you don’t know where to go, every place will be a place, and when you get there you won’t like it.
If you live without goals, you will not strive for what you really want.
I hope these little habits will help you start a healthy financial life.