Money Management ‘Boxes’
To manage our money better we need to divide it up into manageable boxes. We start by putting our expenses into groups according to their characteristics.
To manage our money better we need to divide it up into manageable boxes. We start by putting our expenses into groups according to their characteristics.
A budget is your plan on how to save and spend your money. We prefer the term money management because the word budget for can be scary.
For many people, 2020 and 2021 was a time of huge loss; specifically financial loss. For others it was a gain of family time, a few grey hairs, meetings in your PJ's and for some, a great financial gain!
Improving your money management will help you achieve your goals, do more, and ultimately grow your wealth.
Gaining momentum and changing direction is really challenging. Like many things in life including finances starting a new habit or changing an old one is often the most challenging part of the process.
If something as basic as hunger can cause us to overspend, surely other emotions and thoughts can cause us to stumble? We need to look at our bigger picture, set goals and plan the next steps. This way we can keep our thoughts and emotions in check.
Many people have a negative feeling towards finances because they dislike maths and numbers. If you dislike numbers maybe you also dislike having them in your bank account.
Improving your money management will help you achieve your goals, do more, and ultimately grow your wealth.
Every year many of us experience the Forever Month. In December majority of us are paid early and most of our income is spent splurging on presents, Christmas meals and holiday fun.