One of the top new year resolutions is to create greater financial success. I challenge you to make this year your best financial success year ever! Start right NOW! Not tomorrow.
First action you can take to save money is by reviewing your monthly expenses. Most people are not in control of their finances. Most people don’t know where their money is going.
Excellent money management is an important key to the path to financial success. Can you cut off some expenses? Do you spend money on unnecessary things? If you see something you like and it’s not urgent do you buy it? Don’t do impulsive buying. Think, think and think before you buy anything.
Impulsive buying means buying everything you like without thinking if you need it or not. This habit unnecessary increases your expenses. If you buy impulsively you will never get ahead. You can never save and/or invest any money. You will never get out of debt, as you keep spending much more money than you earn.
Instead of doing impulsive buying invest some money in your financial education to increase your knowledge about money, money management, investments, passive income opportunities and steps to financial freedom. Apply the knowledge!
Ask yourself the following question before you buy anything: ‘if I purchase this, am I getting closer to my goals?’
Your financial success is determined by the decisions you make. If you have the desire to achieve greater financial success, you should have an attitude to do whatever it takes!
Do you have a clear idea where your money is going? When any negative emotion presents itself in your mind with respect to money, you should transmute the negative emotion into positive emotion by changing your thoughts. Feel good about money! Feel every day better and better about money!
Guard your thoughts about money. Whatever you think about, combined with the emotions of desire or fear, you will attract into your financial life. Make sure that you are attracting what you want by continuing to think only about what you want!
Review your monthly expenses carefully and check if you can cut off some expenses. Feel really good about your decisions.
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House expenses (rental or mortgage)
If your house expense is a large percentage of your total expenses is it possible to temporary move to another place? Always think in possibilities! You must take responsibility to achieve greater financial success.
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Insurances
Review your insurances (house, car, legal aid, health and other insurances). Compare the insurance rate of the insurance companies. Is there any insurance company where you can pay much lower monthly insurance rate than the rate that you are paying now?
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Utility costs (gas, water, electricity)
Lower your heating expenses. Turn the thermostat down to save more money. Turn it even lower when you are sleeping or when you are not at home.
Lower your water bill for instance by using full load of dishes and laundry.
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Internet, television, cell phone and telephone expenses
Review your Internet, television, cell phone and telephone expenses. Compare Internet, television, cell phone and telephone contracts between providers. Can you change your current contract?
Challenge yourself to take at least one action to reduce your monthly expenses. Have determination and will power to work on your plan for greater financial success!
“You must take personal responsibility. You cannot change the circumstances, the seasons, or the wind, but you can change yourself. That is something you have charge of. You don’t have charge of constellations, but you do have charge of whether you read, develop new skills, and take new classes” ~Jim Rohn~
