We go to work every day and work hard. When we come home the last thing, we want to do is do more work besides the other than the normal, housework. We may not want to do more work, but if we want to manage our money, we must work at it.
Managing your money is much like a job, it takes time and consistency, it takes work.
It Takes Time – Managing money takes time. It takes time to sit down and prepare your spending plan and determine how you are going to spend your money.
Choose a specific time to sit down and work your finances. Maybe on a Friday evening after you put the kids to bed, or Saturday morning, or a Sunday after church. It is important to sit down and spend the time to work your finances.
Track and record to determine if you are meeting your spending plan goals and adjust as necessary.
It Takes Consistency – Just like being consistent at anything you do; you need to be consistent with managing your money.
Whenever you get paid whether it is weekly or monthly or biweekly, sit down at regular intervals and work your spending plan and finances. Making sure that we are on track with the budget. The bills are being paid on time and things are working out as we planned.
It is a good idea to be consistent with that time. So, if you are working your finances on Friday evenings, you want to do that every Friday evening, consistently.
Once you do this for a couple of pay periods, you will create a habit of working your finances and it will become easier.
It Takes Work– Fix up a place at home to work. A desk and a nice comfortable chair for starters. All of the equipment that you need to work pencil, paper, spending plan, computer, and financial goals. Additionally, any paperwork; bills, reports, spreadsheets, or bank statements that may be needed to work your finances.
Now it is time to work. Compare your spending plan to your actual spending and then ask yourself the following questions. Is everything going as planned? Did something come up that calls for a change in the plan? What needs to be paid this week or next?
Once you get into a habit of doing this it will become much easier.
You will be in control of your finance. Telling your money what to do and it will be working for you. You will find money you did not know you had, you know, that money that you did not have a plan for, but you spent anyway.
You have to take the time, be consistent and work your money before someone else does. Managing your money is your responsibility, and it is a job.
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