4 Personal Finance Tips for 2011
- Author Sarah Dillon
- Published June 19, 2011
- Word count 419
No matter how carefully you plan your finances at the start of the month, they always seem to go awry halfway through, don’t they? And you are left with hardly any money and the long painful process of trying to figure out just where you managed to spend all your money.
It is critically important to address your messy finances if you do not want to face serious problems in the not too distant future. It does not have to be that difficult and the discipline involved in putting in place a sensible, achievable budgeting plan will serve you well for the rest of your life.
There’s a simple workaround to this rather disheartening problem, and it involves the accountants equivalent of Dear Diary.
At the end of the day, simply discipline yourself into writing down all your expenditure, right down to that seemingly miniscule purchase of a box of mints. There are many advantages to this chore.
- It’s all down on paper
Putting it all down gives you an easy to track record, if you do ever decide to sit down and follow the money trail. And it certainly is a lot easier than racking your brains about just where you had dinner last Friday, and at what cost.
- Automatic Brakes
Writing down your daily expenditures can often be a real eye-opener. Suddenly, expenses that seemed perfectly reasonable at the time can seem prohibitively exorbitant in a cold, clear frame of mind. And on the morrow, you are that much more likely to be rational with your money
- Get back in shape
Sometimes, expenses are unavoidable. But the simple act of writing them down can leave you very aware about how much money you have left over for the rest of month, if you wish to stick to your plan. And that leaves you that much more likely to stick to your plan, rather than go way over budget.
- Tracking down IOU’s
Even the most well intentioned of friends forget to repay that ‘little loan’ that you had made a while ago, and you yourself are equally liable to do so. But a daily diary of your expenses can help you keep track of these loans, which can add up pretty quickly.
It’s not the easiest, or let’s face it, even the most pleasant thing to do. But a track of your daily expenses can help you get your finances back on track pretty quickly. Go ahead and give it a try.
Check out seal and send wedding invitations and wedding invitation verses at http://DiscountWeddingInvitatiosHq.com
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- BNPL vs Traditional Lending: Which Is the Better Option for Today’s Consumers?
- Personalized Loans 5 Things you Should Consider Before Applying
- Best Credit Card for Cash Back on Gas: Fuel Your Savings
- Mwananchi Credit Highlights The importance of Teaching Financial Literacy In Schools
- Porchlio's Rent Affordability Calculator: Your Key to Smart Renting
- What is SMB Funding?
- Cash USA | Quick & Easy Loans
- How Can a Private Loan Help Your Cash Flow Situation
- Business Line of Credit: A Lifeline of Your Financial Needs!
- Unsecured Small Business Loans in Australia
- Working Capital Loans: Everything you Need to Know
- Small Business Cash Advance Loans - Fast and Easy
- Things Not to Do When Building Business Credit
- Why Small Business Loans Do not Get Approved
- How to File Great West Life Benefit insurance Claim
- My encounter with the heartless corporate America @ChaseBank
- Are low doc home loans still available in Australia?
- Think Due Diligence Before Acknowledging That Loan Offer
- Tie Up Your Financial Loose Ends! The Importance of Managing High-Interest Loans
- Understanding cash flow vs. asset-based business lending
- Debt Consolidation Loan or Debt Counselling in South Africa
- Credit cards with bad credit wired to a prepaid debit card
- Insurance Financial Producers Articles - A Superstar Success Story Cannot Teach Me Anything
- Three Quick Tips From the Canada Revenue Agency on Tax Filing
- How Crypto Loans Work
- 4 Reasons why it is Beneficial to make a Down Payment for your Car
- Is the Process of Buying a Car Worth your Time?
- How to Consolidate Credit Card Debt During Covid-19
- Conglomerate Merger: Pros & Cons
- Signs That You Are Doing Budgeting Wrong