Set your Goals for 2019
Managing your financial situation can be difficult, especially as there was never any guidebook given out when you got your first job and your first salary.
Creating more money out of what you earn can work if you are organized and you have a strategy.
Here are 5 simple steps to help you attain money trouble freedom:
1.
Decide on an important goal to achieve with your money and start working toward it. Invest more in an asset that can make you money over time; rather than an asset that depreciates.
Decide on an important goal to achieve with your money and start working toward it. Invest more in an asset that can make you money over time; rather than an asset that depreciates.
2.
Learn to identify total income and total expenses. The best way to do this is to track every item you spend money on over a month; this will let you see where you’re over spending or under spending.
Learn to identify total income and total expenses. The best way to do this is to track every item you spend money on over a month; this will let you see where you’re over spending or under spending.
3.
Know the difference between needs and wants. For example you need to pay rent but you want that new watch, car, holiday. Make sure to pay for your needs before your wants.
Know the difference between needs and wants. For example you need to pay rent but you want that new watch, car, holiday. Make sure to pay for your needs before your wants.
4.
Design an air tight budget and figure out what expenses you need to pay each month: groceries, rent, car payments, school fees, and utilities. Once all of these are well covered set a little aside to achieve your goal and a bit for leisure.
Design an air tight budget and figure out what expenses you need to pay each month: groceries, rent, car payments, school fees, and utilities. Once all of these are well covered set a little aside to achieve your goal and a bit for leisure.
5.
Have a backup or create a second source of income. Too many times we hear stories of how things suddenly go wrong, flooding, flash fires, burglaries and so on. Always have a backup fund just in case you find yourself in an emergency.
Have a backup or create a second source of income. Too many times we hear stories of how things suddenly go wrong, flooding, flash fires, burglaries and so on. Always have a backup fund just in case you find yourself in an emergency.
Learning to budget properly and establishing a foundation for your financial goals won’t happen over night, but with these 5 important steps you will be closer than you were yesterday.
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Why not choose Homes of Distinction when selling your property?
Why not choose Homes of Distinction when selling your property?
Homes of Distinction has been successfully employing an online marketing, SEO and social media strategy for several years now, with a large increase in views on our website and your properties. We can assure you that you cannot afford to fall behind the curve here, no matter what your business is!
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At Homes of Distinction, we are celebrating our 20-year anniversary this month and humbled by the transformation we have seen over the years. We look
forward to the celebrations ahead and for the next 20 years of diversity and change.
31 Oct 2017
Author Lillian Rencken