Finances might not be easy, but they’re much easier than most people believe. The problem is that people have a hard time tuning out the details that aren’t relevant to them, and as such end up in a confusing financial tangle that they struggle to get out of. If you want to be in charge of your financial situation, then you need to cut through the noise and work on simplifying the whole process. Below, we offer five ways you can make handling your money as easy as 1, 2, 3.
Ditch the Paperwork
There are studies have shown that the sheer presence of paperwork can cause us stress, and that’s without even knowing what’s printed on the paper! If you have a cabinet full of paperwork, then you’re going to find it difficult to get it all under control. Instead of filling your mind with the worry on unopened letters, ditch the paperwork altogether by making the switch to online. It’s much easy to handle everything digitally, and it won’t intrude on your life in the same way that letters do.
Keep Payments Simple
It’s not easy to keep track of all our outgoing payments. But the question is, why do we have so many outgoing payments in the first place? Some will have to stay, but you’ll be able to consolidate many into one monthly payment using a service like consolidate.loan. It’s much easier to handle one payment rather than, say, twelve individual payments. It’s also worth investigating your monthly bills to see if anybody can be cut out altogether. The fewer payments we have to make, the simpler life becomes.
What’s Wrong With Cash?
The temptation to buy everything on a card is, we admit, strong. You don’t have to find an ATM to withdraw cash, and there are no coins to deal with you. And don’t get us started on online shopping: that’s a good service. However, if we’re forever using our card, it’ll be all too easy to lose track of how much we’re spending. Withdraw the money you can spend for the weekend, and once it’s gone, it’s time to go home. Easy!
Your Financial Goals
The reason that most people fail to reach the financial goals is that they’re far too ambitious. It’s all good and well saying you’ll put a quarter of your salary into a savings account, but will you? Instead of making grand statements, find a system that you know you’ll be able to see through. Also, it’s best not to have a handful of financially related dreams. One or two is quite enough, as they’ll be more likely to come true.
Don’t Pay For What You Don’t Use
Finally, the simplest action of all: don’t pay for what you don’t use! Our lives are filled with products and services we spend our money on yet never use. Make a list of where your money is going; if you think you’re not getting value for money, cut it out. That’s all there is to it!