![]() ![]() Just make sure your list accounts for everything you will spend money on over the next month. If eating out is more important to you than new clothes this month, then move it up the priority list. Of course, your list will be totally unique to you and how you live your life. Here’s a sample list of spending priorities (from most important to least important) you can use as an example in making your own: This includes items like the phone bill, new clothing, child care, etc.Īnd finally, at the bottom of the list should be things that are totally discretionary such as eating out, entertainment, hobbies, etc. Next should be items that are important, but not needed for survival. These are the important things you need to survive, keep a roof over your head, and have transportation to work. At the top of the list should be items such as food, water, electricity, transportation, etc. That’s why you need a list of spending priorities. Sometimes, the difficulty lies in figuring out what is absolutely necessary to spend money on, and what can fall by the wayside. On the other hand, you probably have some things you spend money on that you absolutely, positively, don’t want to do without. ![]() There are likely some things you spend money on that don’t matter much to you at all. How you spend your money, and what you spend it on, is a highly individual thing. Now that you know your “why”, It’s time to figure out what your priorities are when it comes to spending money and managing it better.Įverybody has different priorities- what’s important to you may not even register on my radar screen. You’ll use this info later in the process. It doesn’t matter how you do it, as long as you write down every expense. To do this, you should write down every single expense for the next 30 days.Įvery time you spend money, whether it’s for a monthly bill, a fast food meal, or even a pack of gum, write it down.ĭoesn’t matter if you use cash, debit card, credit card, a check, an app, or whatever… write it down! You can keep track in a small notebook or the note taking app in your smartphone. Your first order of business to getting your finances organized is to understand how you spend your money. When the going gets tough, it helps motivate you to keep going and finally get your finances on the perfect path. No matter what your “why” is to organize your finances, keep it at the forefront of your mind while you’re learning new financial habits. When you finally decide to get your finances in order, the first thing you need to do is to figure out your “why”.ĭo you want to retire at an early age? Want less financial stress in your life? Do you just want to get the bills paid every month and have a little spending money for yourself? Why Do You Want to Organize Your Finances? More freedom to live and work the way you want.Of course, organizing your financial life has some great benefits, such as: But once you get everything in place, your finances will run like a well-oiled machine! It might take a little time, and you’ll definitely need to change some habits. The Benefits of Getting Your Finances Organizedįortunately, getting your finances in order isn’t that hard if you’re really motivated. You can never achieve the freedom and peace of mind that comes with getting your money under control. You have difficulty saving money, and you never seem to be able to get ahead financially. It’s harder to afford the things you need and want. Think about it- when you don’t know where your money is going and there never seems to be enough, it’s tremendously stressful! ![]() When your disorganized financially, it stunts your potential and keeps you from living your best life. In my experience interacting with thousands of my readers over the years, I believe most financial problems originate with a simple lack of financial organization. 16 Need More Guidance to Organize Your Finances? Organize Your Finances ![]()
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