Its Time To Stop Ignoring Your Finances!
The way to make a change for the better in your financial life is to decide to face it head on and make changes. You absolutely can change your financial picture for the better if you take the right steps.
Here is advice for ways to keep your head out of the sand so you can stop ignoring your finances and make positive change!
Paying closer attention to all of your finances may help you stay on track with your goals, cut out bad habits, or limit your spending. You don’t have to change your strategies or plan during a down market, but paying more attention during volatile economic times at least gives you the option to do so.
Avoid the sand
As a general rule of thumb: Try not to ignore your finances. Whether it’s not checking your balances or not opening your statements, stop and ask yourself why you’re doing this. Recognize that just because you might think the news will be negative, doesn’t mean it will be. And, even if it is, once you know the reality, you can consider taking concrete steps to improve it.
Dealing with debt may sometimes make you feel powerless, but the ability to make changes is what gives you control. Take charge of your finances and, if necessary, seek help from a financial professional. The more you know about your money, the more prepared you’ll be to handle it responsibly and positively.
– via blog.equifax.com
Next Steps Are Simple But Powerful
Now that you have decided to face your finances head on and make positive changes, here are some very simple steps you can take that will make a powerful difference. Start today and do the work and before you know it you will be feeling much more peace about your money, getting out of debt and watching your savings grow!
Take action Keep tabs.
Tracking your income and your spending is critical to healthy finances. If you’re not tracking money coming in and money going out, you don’t know if you’re spending your resources on the things that really matter to you.
Develop a spending plan.
For some people the word “budget” like the word “diet,” calls to mind feeling deprived. Instead of figuring out where to cut back, think about what you want to spend.
If going to concerts or sporting events is really important to you, you might decide to spend more money on those outings and less on dining out or cable television.
By making such decisions more intentional, you’ll get the most bang for your buck.
Make it easy on yourself.
Use automated systems as much as possible. Arrange to have a portion of your paycheck automatically deposited into your savings account and your retirement account. Set up automatic reminders to alert you when a bill is due. It’s a lot harder to make a bad decision when the decision is out of your hands.
Technology makes it easier than ever to stay on track financially. A variety of software programs and apps can help you track spending and set spending and saving targets. Seek professional help
– via http://www.apa.org
Are you ready to stop ignoring your finances and move toward saving money every month?