By passing the natural euphoria of last week of December and the new year, life begins to return to normal. Gradually we all go back to our daily activities, but with the feeling that things will be better this year, as often happens on these dates. The problem is when time passes and we realize that we did nothing to ensure that things improve.
One aspect where we most hope is in improving our financial situation. We want the future bring more income or some kind of solution to our financial problems, without thinking that in reality it is something that will get as a result of ordering our personal finances . Therefore, I think we’d better use of our energy defining some concrete actions for 2011, instead of waiting for the improvements we fall from the sky. We will not see immediate results, but the consequences are likely to be better than we might expect.
To follow the pattern of New Year’s resolutions, usually into fashion at this time, I share with you some strategies that could help them take those first steps:
1. Take control of your finances. Do not let the target run them. Sit down, review your situation and devote a couple of hours a month to see how you evolve.
2. Prepare your financial plan. It’s easy and useful. But this is revealing and inspiring. Plan your personal budget and Riget for him.
3. Set financial goals clear and specific. Want to save 10% of your monthly income? Want to put S/.100 month in a savings account? Want to buy a car? No matter the lens or the size of it, what matters is to have clear and in writing. That will be a constant motivator and help you focus and realize your efforts.
4. Try to eliminate or minimize all your toxic debt. Evaluate what debts worth having and what debts should disappear much sooner. Make your plan of action and get to work.
5. Evaluate your chances of generating more revenue. Do you have availability to be involved in a second job or to make a second part-time work? Can you sell products of any company in your spare time? Do you keep things you do not need and which you could undo? It is difficult to get a second or third source of income, it is difficult to take action.