Budget management. Personal financial control. Financial literacy. Cash flow. Tiny people is planning the personal budget. Modern flat cartoon style. Vector illustration
Every time you spend your money without a specific plan, you are leaving money on the table and putting more of your money in other people’s pockets.
During Financial Literacy Month, I challenge you to do the following:
Commit to pay yourself first and start a savings plan to save $1,000 by December 31, 2021. If you want to go deeper and hear about some suggested reading, don’t wait- join the $100k Savings Club today! Or pay yourself like you would an employee, by taking cash out from the bank once a week. Hold this cash in your wallet for expenses or small transactions. If by the end of the week or your next time to withdraw, the money from that week is still in your wallet, then deposit it in your savings account. I recommend getting large bills, you’ll be less likely to break the large bill.
Shop with a list. Making a list before shopping helps you to be more conscious of your spending. make the purchase. If you still desire to purchase after 24 hours, then it’s yours. It is our responsibility to be good stewards of the money we have, so make your list and check it twice. If you decide to buy something that is not on the list, ask yourself is it essential for the health and welfare of your family. If it is not essential, wait 24 hours to purchase it. As you make your list, check different websites for stores to make sure you are getting the best bang for your buck. Remember that when you start to implement these tips and strategies to put more money in your pocket, others (like your family) start to learn from you.
If you want to go deeper and hear about some suggested reading, don’t wait- join the $100k Savings Club today!
Join the Money Boss Wealth Club!