Home    Subscribe    Write for Us    FAQ    Contact    HubGarden    Login

Where is your Cash Going?

by Justine Crowley (follow)
Independent Business Consultant, Doctor, HubGarden Editor and Author/Publisher of four self help books: www.smashwords.com/profile/view/JustineCrowley
Life (597)      Life Skills (424)      Mindset (167)      Attitude (154)      Writing (61)      Emotional Intelligence (60)      Money (53)      Problem Solving (34)      Budgeting (5)      Decision Making (5)     


where is your money going, where is your cash going, track your spending
Image Courtesy of graur razvan ionut / FreeDigitalPhotos.net


What you focus on the most gives you many hidden clues as to where your hard earned cash is going on a daily, weekly, fortnightly or monthly basis. Budgeting is also important, because you're having a more empowering say as to where your cash is going at certain milestone points.

To really know what makes you tick, take a leaf out of Rockefeller's ideology. Track your spending. Irrespective as to whether or not you pay for items via cash and/or credit card, write down what you spent your money on, and how much was spent.

If grocery shopping at the supermarket (for example), write down everything itemised - yes, even for that chocolate bar or bars. Success leaves clues.

There was a friend of mine who wanted to lose weight and engaged in this activity. She was stunned as to how much she was (once unconsciously) spending money on things that did not serve her - including junk food. By engaging in this exercise, you will definitely become more cognisant about your spending activity. As a result of this exercise after 30 days, she started to purchase fruit instead of chocolate bars. Not only did she save about $50 a month, she also lost four kilos in the process.

Sure the odd expense may come up that you cannot control, like a tooth might crack and you'll need emergency dental treatment; yet the date this event happened can enable some self analysis prior leading up to this event, so to (ideally) not allow such mishaps to occur again.

To be able to manage money, and allow it to stick to you - you need to know where it's going on a daily basis. This exercise alone takes a bit of work for the first 30-90 days, and then you'll be doing this on autopilot. There will come a time where you become great with money, and therefore you won't need to engage in this exercise any longer.

Help yourself have more money than month at the end of any given calendar month. This will also curb credit card debt problems for many people.

# Money
# Budgeting
# Saving
# Emotional Intelligence
# Decision Making
# Problem Solving
# Attitude
# Mindset
# Life
# Life Skills
# Writing
I like this Article - 5
More Articles by Justine Crowley
If you have identified with what makes you tick, and you would like to make some changes - then ...
934 views
It all gels together
179 views
We are meant to live a life in line with our soul purpose
870 views
I know, and I get it - change is scary at first
286 views
Ah those Easter treasure hunts
131 views
You really need to have a cause that is bigger than yourself
111 views
view all articles by Justine Crowley
Articles by Justine Crowley on Other Hubs
3 likes
Congratulations, you've scored yourself a date
108 views
ID: 17874
[ Submit a Comment ]
This is interesting, Justine. I notice when I start to put my money to things like op-shop clothing I can afford and things like cheap cosmetics instead of comfort food, perhaps it is a good sign of increased self esteem. I know my Suzie's important to me because keep eye out for cute pet things and always give her yearly treatments....made me think. Thanks for your article.
Trending Articles
In this day and age, many people hire professional escorts because they what to try something ne...
11865 views
These days we are nagged not only by the real life people we interact with but our cars, phones an...
88 views
For years, youíve put in the work to earn your degree
87 views
We live in a culture that emphasizes winning, and in many circumstances people will use physic...
83 views
In Part 1, we explored the basics of creating a budget after graduation and focused on issues re...
82 views
The first time I moved across the country, the trip took three days by train and covered nearl...
82 views
When you think of dangerous jobs, a few roles might come to mind
73 views
You donít have to be rich to make money, you just have to be practical
3727 views
Ever since the new year kicked off, social media channels have been abuzz with "new year, new me...
2938 views
Are you missing something in your life and you donít know what you want? Are you lost and unsure...
1527 views
Categories
 
Copyright 2012-2018 OatLabs ABN 18113479226. mobile version