We all have areas in our lives in which we want to see change, but for one reason or another, we put off doing anything about them. Personal finances happens to be one of the biggest areas in which people tend to procrastinate. For some, it is not knowing how to make the most of their money or how to take control of their personal finances that they gets them doing nothing. For others, the very thought of money makes them scared to the point of becoming immobile. And for others still, it’s the hope that it’ll all be okay in the end. Whatever the reason, what we all need to remember is that actions have consequences. And while many of us tend to think of this in the negative, I’d like to say that the converse is also true. Positive actions have positive consequences.
So when it comes to your money positive actions have positive consequences. And the amazing thing about personal finances is that small positive actions add up very quickly to bring long-term positive change. I always say that no matter how old you are or how you’ve been managing your personal finances to date, you can make a significant difference to your financial future by taking control of your money today. Yes, it is true that the younger you start the better but that doesn’t change the fact that it is never too late to start. Don’t look at the state of your personal finances and feel there is no hope. Because there is always something you can do to change your financial future.
So what can you do today that can make a significant difference to your financial future?
- Perhaps it is finally sitting down and setting that budget that you know you’re meant to have done ages ago.
- Or maybe it’s finding cheaper alternatives for some of your expenses so you can keep your current lifestyle.
- Or finding creative ways to boost / supplement your income.
- Or how about coming up with a step-by-step plan to get yourself out of debt.
- It may even be to learn how to make the most of your savings and investments. Even the simple action of finding a savings account that pays a % or two more than you are currently getting can have a tremendous impact on your financial wealth.
- Or perhaps it’s time that you finally get to grips with understanding your pension.
Maybe you’re reading this and thinking you need to do all the above to get your personal finances in shape. I get it; that can be overwhelming. And feeling overwhelmed can keep you in that cycle of procrastination. So let me ask you, how do you eat an elephant? The answer is one bite at a time. And just as you eat an elephant, so you tackle your personal finances, one step at a time. You can make a significant difference to your financial future by tackling one aspect of your personal finances every month. I guarantee you that your financial future will be positively different as a result.
Author: Liz Lugt. Liz offers help with any of these topics, and if you don’t know where to turn, consider looking at her Road Map to Financial Freedom E-course to take you through each area step by step. It’s designed to be fun, practical and easy to follow.