A 30 Day Plan For The Rest Of Your Financially Stable Life

In this time and economy, it is not bad to remain optimistic – by believing that we are capable of doing what we set our minds to, through commitment day in and out. With consistency in our efforts and dedication, we can work to see amazing and excellent results that lead to new habits that are beneficial for us in the long run. It takes a habit 21 days to be formed, research says. Try and adapt these 5 simple steps for 30 days, and see how it works for you:

  • If you have goals, write them down. Put them up in a place that is visible to you, and those who also need to be guided by it, to always be reminded of what you are working towards. Words are powerful tools, especially if these are promises we made to ourselves. It is also advised that you tell a loved one or a friend about it, as it increases the accountability for you to achieve them.

 

  • Set up online banking to pay your bills through the internet. Not only is it free, but also saves you money, check refills, as well as time and stress. You no longer have to wait in line to make payments – you can do it in the comfort of your own home. Bank websites are usually, tightly secured and easily accessible for customers who want to pay their bills on time without the hassle that comes with normal, personal payments. Furthermore, online banking provides the option to set up automatic payments – to ensure that no payment is missed, and that your credit score remains in tip top shape/
  • Start tracking your income and expenses. Be it a personal spreadsheet or different tools available online and in the form of mobile apps to always have a record of your earnings and expenses, to always stay on top of your finances. This way, you will have an idea of how you spend your money and where it goes, and how you can better plan ahead with the next pay check coming.

 

  • Pay with cash as much as possible. If you are after the reward points earned when you use your credit card, only swipe the plastic IF you have the corresponding cash to immediately pay the credit card company with. Avoid making purchases with money that is not yours.
  • Always go a notch higher. Whatever you are currently saving, try and save a little more. Up the stakes by 1% or a certain amount every pay day, and you will reap the benefits when the right time comes. Furthermore, many employers make these arrangements with the bank as part of their retirement benefits. If these can be set up and updated automatically,even better, as this requires no action from you – especially in the times when you think that you’ll start the increase next month.

 

At the end of the 30 day period, evaluate how you are doing – did it improve your financial outlook and spending habits? Perhaps it did, but not in a drastic way – but fret not, as these small changes build up and get sturdier and more effective over time.