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Stop Money From Leaving Your Wallet!
By jmh | February 13, 2006
Even though life is busy, take a minute and think. Have you done all you can to stop money leaving your wallet? Money gets away from us through oversights, mistakes, and unnecessary spending.
Clear out any clutter around you. Clutter robs us of focus and takes attention from the things we need to do. Most importantly, keep the area reserved for financial papers (your office, desk or drawer) free from clutter. This allows you to respond to things in a timely manner, i.e. find bills that need to be paid, loan documents that need to be completed, and any other financial task that needs to be addressed.
Know your income and expenses. What is your monthly total income and what are your total monthly expenses? Do you have more money coming in than going out? Great! Do you have more money going out then coming in? Take action now, stop the leaks and spend less than you earn. If you find yourself with a leaky bucket look for ways to cut your expenses, increase your income or a combination of both.
To help you manage your finances, create a calendar or devise a reminder system for yourself. Using a system will help you stay current with paying your bills and addressing your various financial responsibilities in a timely manner.
Tag: My Financial IQ
Topics: My Financial IQ |
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