Create Wealth In 2013 – Six Wise Things To Do With Your Money
Changing your financial (money) habits is one resolution you can not afford to overlook in the New Year. Warning: these money habits will compel you to create your financial goals!
1. Spend Wisely:
Do you spend money on things that do not matter to you or have little value? It is easier to make purchases that align with your priorities when you determine your life values and set financial goals. By uncovering what you cherish most, you are better equipped to make wise financial decisions that align with your core values. And you will feel better about yourself.
2. Stay current with financial paperwork, bills, and statements:
Schedule adequate time to stay organized. Stay current with finances so you are aware of important information about your accounts and know when payments are due. Actively managing your finances will help you avoid unnecessary late fees and additional interest charges–saving money.
3. Commit to adequate savings:
Save for short-term and long-term goals. Analyze and plan for long-term goals and emergencies! Having a savings plan in place will ensure you are covered in the event of a financial emergency, as well as allow you to have money for the next big ticket item.
4. Pay bills on time to avoid paying late fees and pay more than minimum payments to avoid interest payments:
An extra $10 each month on your credit card balance makes a huge reduction in interest payments. You can create the extra money by reducing your grocery bill, changing to a cheaper cell phone provider, or switching to a different cable carrier—apply the savings directly to your principal credit card balance. Reducing your outstanding debt faster will put more money in your pocket in the future.
5. Manage your financial responsibilities judiciously:
When life gets busy it is easy to put off the tasks you like to do least. Take a lunch hour and take a financial goal, whether it is reviewing your insurance policies or creating a will. Seeing one of your financial goals–saving money–put into motion may give you the boost of confidence you need to move on to your next goal!
6. Every six months analyze and plan your future financial needs:
Actively plan and manage your money needs for future purchases and retirement. Even if it seems far away, begin to determine how you will pay yourself in your retirement years. If you are nearing retirement age, or are currently in retirement, taking steps to understand items; such as when is best to start taking withdrawals from Social Security, etc. ###
Dorothy M. Neddermeyer, PhD is an internationally recognized authority on bridging Science, Spirit and Human Potential with over 30+ years experience as a transformation facilitator, speaker, and educator in natural health and wellness; personal/professional development. Her PhD is in Metaphysics. She is Founder/CEO of Genesis Consultants, Inc. Past President, International Association for Regression Research and Therapies, she serves on the board for Arizona Holistic Chamber of Commerce; Board Advisor and Faculty Member for the World Regression Congress -Netherlands,India,Brazil,Turkeyand Portugal 2014.