Tips to change your Life with your Financial

Tips to change your Life with your Financial – there’s a lot of people who aren’t happy with their wealth status and make changes to cash flow.

Tips to change your Life with your Financial
Tips to change your life with your Financial – Photo by Tara Winstead: https://www.pexels.com

Tips to change your Life with your Financial

Most 63% of Americans are in debt of some kind, and 14.5% of Americans are living below the poverty line. Those kinds of numbers make it very clear that there’s a lot of people who aren’t happy with their financial status and would like to make some serious changes when it comes to cash flow.

Tiny habits can help here too, in a variety of ways.

Tips to change your Life with your Financial – Educate your Self

When trying to keep on track financially, half the battle is having a good sense of how budgeting, finances, long-range planning, and economics works. Taking the time to educate yourself helps you to make wiser decisions in regard to your financial future.

Tips to change your Life with your Financial - Educate your Self
Educate yourself – Photo by Pixabay: https://www.pexels.com

Tips to change your Life with your Financial. Thankfully there are lots of great resources out there (from books to blogs to podcasts). That are full of great information to help you get your financial future on track.

What can you do?

Make a goal to read a page of a book every day. Or listen to a podcast on your daily commute. Or make a point to subscribe to blogs that you find inspirational or helpful and then create the micro-habit of reading them, whenever you have the chance. Pro tip: Audiobooks are great for long drives or commutes.

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Change your Financial with Buy Quality

Tips to change your Life with your Financial. It’s so easy to get caught up in the idea that buying cheap saves you money. But does it really? That coat you got at the discount store might save you a few dollars now, but will it last more than one winter? Or worse, if the shoddy zipper breaks you might be out of luck. Because you don’t have the cash to buy another one. When buying quality, you save money in the long run.

Change your Financial with Buy Quality
Buy quality – Photo by Laura James: https://www.pexels.com

What can you do?

Tips to change your Life with your Financial. Create Micro-Habits that help keep you informed. Try spending a few minutes before any major purchase to check ratings and reviews online to see if the quality is what you’re hoping for.

Become familiar with the earmarks of quality by asking questions and doing your research. While these might not seem like Micro-Habits at first glance. Consistently asking questions before any major purchase is exactly that – a small habit designed to make you pause. And make sure you’re getting the best quality and that you’re getting that quality for the best price.

Watch your Spending to Change your Financial

It’s so easy to spend far more than you intend. Even those of us who set the most detailed budgets, might end up scrambling at the end of the month. On top of that, setting budgets is typically overwhelming. This is where tiny habits come into play.

Watch your Spending to Change your Financial
Watch your spending – Photo by energepic.com: https://www.pexels.com

What can you do?

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Tips to change your Life with your Financial. Carry a small notebook to jot down expenses so that you’re more aware of where your money goes (you can also use a notes app on your phone).

Create a micro-habit where you ask yourself “Do I need that” every single time before you actually spend the money. Or before hitting the cash register at the grocery store, remove three superfluous items from your cart.

For bigger purchases try creating a habit of a 24-hour rule, meaning you have to sleep on it before making a final decision.

Create savings to Change your Life with your Financial

Tips to change your Life with your Financial. Putting money away for the future sounds like a pipe dream, especially when most people struggle to make ends meet in the first place.

Create savings to Change your Life with your Financial
Create savings – Photo by maitree rimthong: https://www.pexels.com

But think about it. What if you actually had a cushion for that car emergency? Or could actually afford to go on vacation once in a while? It might not seem possible now, but a couple of Micro-Habits could make it a reality.

What can you do?

Tips to change your Life with your Financial. Micro-Habits really show their stuff in this category because there are so many ways to save. Here are just a few easy ones…

  1. Start a change jar for the loose coins in your pockets at the end of the day
  2. Stick $5 or 10 in an envelope at the end of the week and put that away in a special place to have for something special at the end of the year
  3. Give up something that’s non-essential that you tend to spend money on daily (like that fancy coffee) and then put the money you’d spend on that item in your savings account instead
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Tips to change your Life with your Financial. Little tiny savings like this add up very quickly. You’d be surprised at how much money you can save by the end of the year. It might not change your life, but it will certainly make for a nice treat.

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