Assessing for a few clients their personal finances earlier today made me think of Francis Chan's article, published in the Straits Times over the weekend, on being a spend-a-holic (living from dollar to dollar), to now, having started planning for his life. In light of the economic recession that the world is in now, let's take CONTROL of what we can and make some sound personal financial decisions to obtain, save and SPEND monetary resources, all at the same time. We must have a plan, a strategy, the know-how, so that we can work towards our own goals.
So what i'm gona do is to provide some information, at the end of every entry, on some top things i share with clients, that i'd wana share with you that you can do too. So that we can all relish in abundance :)
So, for a start, let's start with a budget.
So what i'm gona do is to provide some information, at the end of every entry, on some top things i share with clients, that i'd wana share with you that you can do too. So that we can all relish in abundance :)
So, for a start, let's start with a budget.
Budgets are necessary evil.
You get a grip on your spending and YOU make sure the money is being used the way YOU want it to be used. Determine your pattern of spending over the past 3 to 6 months and put percentages to each category. Keep that in mind and i will share with you in my next entry what you can do to create your budget with all your BAD habits, then only good habits, in mind :)
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