Saving money is really fun for me. Other people may not get as excited about it. But, if you want to build wealth then make it a game with a reward from which you can benefit as the celebrated author, Charles Duhigg, explains in his book, The Power of Habit. A reward is an incentive that works well for our human brains. The process I have used with many clients, not to mention with myself, which works remarkably well, has been to first set up an accounting system such as Mint.com for personal finances or QuickBooks for business owners.
Once this step has been taken, you will then have accurate data to work with. Use that information to build a monthly budget. Track it every month. See in real time where you are overspending, or, where spending more will increase your cash revenue for business owners. Budgets can be very empowering. Therefore, it is essential when building your budget to focus on what makes you feel cared for and open rather than restricted. If not you’ll rebel, which can throw you and your finances a bit off. However, remember, you can always get back on track, so never give up. In the end, this process will truly work to your benefit. Stick with it.
A fun self-care tool is to build various savings into your budget. Think of savings as an expense item as if you are spending the money when in reality you are simply moving the funds to high yield savings accounts or a bond fund. This action prepares our mindset to be at peace because we are caring for our future in addition to current planned expenses.
Action: Always save as soon as you are paid to ensure you are building your wealth before spending. This builds confidence in having a comfortable financial future. Saving creates feelings of balance between living in the moment, while looking forward to a comfortable future. Peace of mind is a good metric to use when making decisions. Do what gives you peace and not what doesn’t. Happy finances!
Thanks Webmaster, for this awesome website. Visitors, we also suggest you Business Online Directory
You got a very wonderful website, Glad I detected it through yahoo. Lotty Raimundo Morel
Thank you. So glad you like it.
I am really happy to read this website posts which consists of plenty of useful data, thanks for providing these kinds of data. Glad Orbadiah Belda
I was studying some of your articles on this website and I think this website is very informative! Retain putting up. Vere Nichole Vaios
Fairly alluring suggestions you have mentioned, a big heads up for writing. Angie Dav Gal
Hello mates, pleasant paragraph and good arguments commented at this place, I am genuinely enjoying by these. Maribelle Griffie Gale
Fine way of explaining, and fastidious article to take data regarding my presentation subject, which i am going to present in university. Hattie Yule Parish
I love the efforts you have put in this, thank you for all the great articles. Suellen Christoforo Jovia
I really like your writing style, wonderful information, thanks for putting up : D. Ellissa Rhys Had
Thank you!!1