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Did you know that millionaires spend on average 8.4 hours each month managing and putting plans in place relating to their personal finances?
Hand
on heart, could you say that you spend this much time planning the best ways to
get the most from your income? We would guess that the answer is no.
In
the short article below, we highlight some of the steps that you can take to
ensure that future planning for your finances can help to get things in order.
Be Proactive Rather than Reactive
Many
of the financial problems that we face can be directly related to the fact that
we do not have any plans in place.
By
taking the time to understand our finances inside and out, we will soon become
ideally positioned to be proactive with our money rather than reactive.
Set Aside Some Time
Taking
regular stock of your personal finances is not something that needs to dominate
your life and your spare time. By simply setting aside an hour a week, you
could quickly find that you can make a dramatic reduction on the unwanted
surprises that can plunge us into financial turmoil.
How to use your Time
During
this time, you should update your budget, review all of your forthcoming
expensive, pay any outstanding bills (although setting up automatic payments via
Direct Debits and Standing Orders are always preferable), make sure that no
errors have appeared in your account and deal with any other pressing matters
relating to your finances.
If
you are still undecided regarding the importance of using your precious spare
time to take control of your finances by planning ahead, please take a moment
to check out the following article taken from the renowned Duke University
website in America.
What is a budget and why is it important?
Did
you know that millionaires spend on average 8.4 hours each month managing and
putting plans in place relating to their personal finances?
Hand
on heart, could you say that you spend this much time planning the best ways to
get the most from your income? We would guess that the answer is no.
In
the short article below, we highlight some of the steps that you can take to
ensure that future planning for your finances can help to get things in order.
Be Proactive Rather than Reactive
Many
of the financial problems that we face can be directly related to the fact that
we do not have any plans in place.
By
taking the time to understand our finances inside and out, we will soon become
ideally positioned to be proactive with our money rather than reactive.
Set Aside Some Time
Taking
regular stock of your personal finances is not something that needs to dominate
your life and your spare time. By simply setting aside an hour a week, you
could quickly find that you can make a dramatic reduction on the unwanted
surprises that can plunge us into financial turmoil.
How to use your Time
During
this time, you should update your budget, review all of your forthcoming
expensive, pay any outstanding bills (although setting up automatic payments via
Direct Debits and Standing Orders are always preferable), make sure that no
errors have appeared in your account and deal with any other pressing matters
relating to your finances.
If
you are still undecided regarding the importance of using your precious spare
time to take control of your finances by planning ahead, please take a moment
to check out the following article taken from the renowned Duke University
website in America: What
is a budget and why is it important?
See the video below where Money Saving Expert Martin Lewis talks about the importance of budgeting your money:
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