Become more productive, increase your energy and learn how to take control of your time. Also be sure to check out our complete guide to productivity.
Do you want to be more productive?
Do you want to make the most out of the time you are given everyday?
I know I do. I am always looking for ways to become more productive.
What about productivity in your finances?
It’s productivity week here at MoneyMiniBlog and I was fortunate enough to be able to interview the Productive Superdad himself: Timo Kiander.
Let’s see what he can teach us. Here is the interview…
It’s tax refund time again!
You have been waiting for it, now you have it, and you want to use it to get closer to your goals instead of blowing it. How responsible of you!
If you don’t plan how you will spend it, then it will just slowly disappear in your account, right? Well, if you have a budget, that shouldn’t happen, but you definitely need a plan for that money.
Before you get to the 33 ideas, here is another perspective…
There is a popular phrase that is poisoning our minds when it comes to how we think about money.
Are you dooming your finances to fail by using these words?
I’ll cut to the chase, the phrase is:
“I can’t afford it”
It’s usually used as an excuse and it looks like this…
The wealthy and the not-so-wealthy obviously have different habits. People come into their wealth different ways, but their habits are similar.
You may already have some of these habits. You could already be using some of them.
It’s also important to note that these are habits you should develop, which indicates that you may already have them, you just need to continue to develop them even more.
So, here are 3 of the habits that you need to take control of your finances…
Setting realistic financial goals is what separates the successful from the unsuccessful. Goals are good for every area of life, but setting financial goals specifically is important. The process of setting goals is just as important as having them, so let’s look at what it takes to set realistic and effective financial goals.
Determine Your Goals
Just like with any goal, a realistic financial goal needs to be specific, attainable and written. It will only hurt you to set a goal for an amount or a time period that isn’t realistic. It is very important that you write a specific goal, including all of the numbers involved.
All goals should be written.
You’ve probably heard the popular statistic: only 3% of people write their goals down and that says something about the small amount of people that stick with goals and achieve them. Putting goals in writing holds you accountable to the goal.
Unexpected events are some of the only events we can expect.
How do you expect the unexpected? You need a plan.
It’s important to be prepared. Financially, there is one major step to take that can leave you feeling secure.
An emergency fund.
An emergency fund is the most important foundation of your financial health. No matter where you are in your financial journey, having an emergency fund will get you closer to your goals and limit your setbacks.
Using a credit card for emergencies can turn an emergency into a catastrophe. Getting into credit card debt will just create more problems, that’s why we plan for emergencies without credit cards, right?
Let’s start with the basics…