Realistic Steps to Become More Financially Responsible
How to actually spend less than you make
Start from the first step, one habit, but powerful enough to make you financially responsible. And it’s as realistic as it gets.
You see, most financial advice is great, but miss one basic point — you need to be aware of the power of money on you and vice versa. If you cannot connect the dots between your daily purchasing decisions and your wellbeing in the long term, you won’t even think about investing or taking care of your 401k plan.
Here comes the habit:
Track Your Expenses
All of them. Every single penny. No matter if you buy a car or a pack of matches register it in your tracking system.
You don’t need to do anything else.
You don’t need to crunch those data.
You don’t need to summarize them by categories and prepare budgets basing on them.
You don’t need to even store the data.
The tracking activity is the habit that will bring the biggest benefit in itself. It will increase your financial self-awareness. You have no idea how many purchases you will start to contest when you will have to write them down. Sometimes, the thought about…
