No matter who you are or what you earn, it's easier than you think to take control of your money. A few simple things done regularly can really make a difference. A few simple things will put you in charge. You will be able to do more with your money today and let yourself do the things you want tomorrow.
The important thing is to get started.
To get started
- Set some financial goals
- Work out your budget
- Get into the savings habit
Set some financial goals - your goals don't have to be big but you need to focus on what you really want. Your goals will be influenced by your age, your family commitments and your financial situation. You may want to control your debts, buy a new car, have enough for a deposit on a home, or be ready to retire in comfort. It doesn't matter what your goals are, what is important is that you have some. See Budgeting.
Work out your budget - working out your budget does not have to be complicated and will help you take charge of your money. Knowing where your money comes from and where it goes is a good staring point towards reaching your goals.
Everybody who does a budget and keeps it up to date sees how it pays off. If you are spending more than you earn, a budget can show you where you might be able to save money.If you have money left over, you might be able to make better use of it. Write down all of your income and expenses, subtract one from the other to see if you are spending more than you earn. See Budget planner.
Get into the savings habit - the secret to successful saving is simple. Start now. Even a small amount saved regularly can really make a difference and help you reach your goals.
There are lots of ways to get started. Some people like to do a budget to work out what they can save. Others start by putting away a small amount each pay. Whatever works for you, the trick is to start now. You can also make it easy by setting up an automatic deduction so you don't have to think about it. See Saving.
Subscribe to Financial Intelligence by Email
Email me with any queries or comments.
Tell me what you think about this post; leave a comment
No comments:
Post a Comment