Many times when we spend money and then check our accounts we tell: Where did my money go? Guilty! I sometimes don’t know in what I spend it. New Year’s is a great step for many of us to set new goals. This year my husband and I want to spend more wisely our money and keep track of it. That’s why I created a Financial Printable Kit for all of us.
Who is going to manage finance in marriage is almost not discussed between couples before marriage. Among husbands we often hear that women spend all of their money. But, to the husband who says his wife is the poorest money manager in the world, I would say, “Look in the mirror and meet the world’s poorest teacher-trainer” (Marvin J. Ashton).
With no further due, I want to give some tips for financial success. You may not have a lot of money right now, but learning how to take care of money now can keep you out of financial problems in the future.Although there is no set way to manage your money, there are set principles to guide you.
1- Spend less than you earn
Many people think the key to having more money is making more money. But more often than not, the more money they make, the more they spend. You’ll save more by spending less, and that takes discipline. Keep a small limit on your credit card. And try not to buy things on credit when you’re upset or not in the right frame of mind to evaluate your spending. The interest you’ll pay can really hurt.
2- Learn to distinguish between wants and needs.
Take a moment to think about the things you cannot physically survive without: water, food, clothing, shelter. Most often, the problem is not that we need more, but that we want more. It’s okay to buy things you want, but when your wants come before your needs, it’s easy to fall into debt.
3- Learn how to work
If you want to be financially stable, be willing to work.
4- Pay yourself
To be ready for the unexpected, regularly save some money.
5- Get an education
Generally, the more education employees have, the more they get paid. Or learn something that not many people know how to do and get paid for it.
6- Follow a budget
Finally, create and follow a budget—a spending plan. Though this may seem a little overwhelming at first, making a budget is easier than you think, and if you follow it, it will give you more financial freedom.