Money Management TipsMy goal is for these money management tips and ideas to deliver fresh inspiration and information in order to redirect your steps, leading you to a financially free and sound life. When you really get to the root of your problems, you will find that many solutions are only as far away and unrealistic as you make them. Regardless of how tired you are of struggling to make ends meet, to improve your money management you must be willing to 1) Renew your mind by visualizing what you want your life and finances to look like. Stop making excuses about your current situation and complaining about what you don’t have. Conceive a desire deep within your core to distinguish yourself from the foolish ways of this world. Think about how great it feels to be free from the bondage of poor money management. Really feel and experience it. Own it and make it yours! 2) Identify and acknowledge what you do have control over in your life. One area largely under your control is your regular expenses. 3) Get creative and explore the possibilities available to you (even if you have to poke, prod, or invent). 4) Get down to your minimum needs (as much as your situation requires) so you can invest in your future and prevent being in this same position years from now. Every Choice Has A Consequence Perhaps you are in a pit because of poor choices you made in the past. That’s the important truth about choices. The consequences can linger and the ramification can affect you long after the action was taken and perhaps even after you subsequently changed your habits. The deeper the hole you're in, the longer or harder you have to implement money management tips to get back on solid ground. Look ahead two or five years. What can you do now to make those years better? That may seem afar off in the distance, but they are coming whether you plan effectively for them or not. “A few years from now” will be here soon and you don’t want to be sitting in them, looking over the last few years of where you are now, thinking I should have done more. Well, we’re not going to let that happen, not this time. We’re going to learn and understand some key money management tips. You will end up paying back much more than you owed in the first place and you will be the slave of your lender. Stop living life on credit, stuck at the bottom of the
interest money pit! We're not millionaires, but you don't have to be in order to be content and have more than enough. And, we know that our future is bright with God on our side. :) Other Frugal Websites: Frugal Living Tips on how to lead a less wasteful lifestyle without debt, and still to be able to enjoy all the good things that life has to offer. Get Real – Get Honest – Get Busy! What is your income and expenses? How can you benefit from
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How do you pacify your emotions with things that drain your financial resources? What type of shelter do you live in? What kind of car(s) do you own? What monthly bills/subscriptions/services do you have? What’s the biggest change you can make to propel you towards financial freedom? Are you open to changing the type of dwelling you have, if possible, to get quick cash into your hands or to be able to save hundreds of dollars every month? Can you move in with a friend or family member for a while? If that’s not available, what are some other options for minimizing or downsizing? Desperate Times Call For Desperate Measures The bigger the moves you make and the more consistent you are with using money management tips the quicker you can turn your life around and realize your dreams and goals. You can reach your goals even sooner if you make sacrifices that go beyond what you need to get by. This might be downsizing from a big house to a small house. Downsizing not only lowers your monthly mortgage, but also your energy use and taxes, etc. Ideally, if you have enough equity in your current home when you sell, you may be able to buy something for cash and be done with mortgages for good! Then, you can save the monthly amount you would have spent on the previous house (or as much as you can afford) and let it build until you’re ready to sell again and upgrade your house the smart way. On the other hand, you may find that you would rather stay where you are or not necessarily spend more on your next home. Out of The Ordinary Investment = Extraordinary Future I remember reading an inspiring story about a couple who worked in a bakery. To save money, they made arrangements to live in a back area of the store. I don’t remember all the details, but after living there a while (perhaps a year or so), and being otherwise very frugal, they had saved many thousands of dollars. It was because of their willingness to do something out of the ordinary that they were able to make a very significant investment for their near future. For 15 months, after separating from the military, my husband, baby, and I lived in a very small guest house on my parents’ property until we could get our own house. We longed to have a house of our own, but grew to accept and make the most out of our current situation. I remember the day I reached a new level of acceptance and hung up our wedding picture on the wall. It wasn’t very long after that day that the time came for us to start our search for a house. Our new life didn’t start out the way we intended it to, though part of this had to do with a decision we made to work for my dad’s business instead of working with airplanes as my husband was accustomed; therefore we started out with a very low income. However, our expenses in the beginning were very low as well (living with family) and there are certain benefits working for family that we otherwise wouldn't have had. Our income continually grew and we were able to work up to a modest, but content, life on our own. We do not regret that decision, as we believe we made the right choice at the time and that those steps were ordered by the Lord. Using the money management tips that we have learned since then will shore up our finances and keep them strong. Use It Or Lose It At the right time, we explored a time-sensitive opportunity that would chart a new course for our lives. My husband used his Post 9-11 GI-Bill to attend a 15-month college course that would allow him to do what he loves most, fix airplanes. It will also provide a significant income for his family. Everything fell into place and we believe my husband’s decision to go to college will prove to be a great investment for our future. Can you do something similar? What are your instincts telling you? Don’t settle for just a new “lease” on life. Stop “renting” a different situation under the same old bondage. Put into application these money management tips and live a life that is “PAID IN FULL!” Money Management Tips Recap
Gain financial freedom; honestly and ethically Return to Simple Living from Money Management Tips
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