Improving your finances is a goal that is set every year. It also is a goal that is pushed to the bottom of the list of priorities once the year gets started. If you truly want to improve your finances, you have to put this goal at the top of your priorities and KEEP IT THERE!
In the first step of Improving Your Finances, you learned to get clarity of your current financial situation. This means having complete awareness of all income and expenses. The key words are having complete awareness. This refers to being able to pinpoint at a moments notice where you stand. The best way to have complete awareness is to have a visual reference of written data to use as a guide to answer pertinent questions such as what, how much and when for both income sources and expenses.
I hear comments all the time such as "I don't have to write it down. I know what comes in and out of my account." Yes, you should know as you are the one putting in the work hours to get your income. You also are the one swiping your card everyday on expenses. The majority of people who have those thoughts are the ones that tend to be behind on payments, getting late charges, getting bank overdrafts and worst of all...living with no financial goals.
Yes, you may know what's coming in and out of your account but are the RIGHT things coming in and out of your account? Having a visual reference of written data will give you the complete awareness you need to determine if the RIGHT things are coming in and going out of your account. Having the RIGHT things in or out of your account is the only way you are going to improve your finances.
If you are looking for a tool to assist you, visit www.lifestyle-checkup.com and purchase "Get a Lifestyle Checkup." This tool will provide all the details needed to help you get clarity of your current financial situation.
Stay tuned for more information on Improving Your Finances. Step 2 is still to come.