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Budget & Saving Tips
The 10 pillars of your Personal Freedom are:
| 1. |
Extend your boundaries in order to maximize your capacity |
| 2. |
Share your requirements so others and your environment will be able to respond appropriately |
| 3. |
Raise your standards to bring out your best |
| 4. |
Finish what is unfinished so that the past is completed and nothing is hanging on |
| 5. |
Get your personal needs met so that you are free to be fully with other people and ideas |
| 6. |
Orient around your values to create a sustainable base for goal-setting |
| 7. |
Build reserves in all areas in order to expand your capacities and minimize limits |
| 8. |
Minimize tolerations in order to absence drains |
| 9. |
Handle your money completely. Period. |
| 10. |
Define success on your terms so that your benchmarks and accomplishments make sense to you and are easy to recognize |
Make up your mind to do something about your savings goal
Your financial future is in your hand
You are responsible for your money:
• Know what you earn
• Know what you spend
• Know where you stand
• Know where you’ve heading
Keep a budget, review it regularly and include a plan for regular savings
Take the time to teach yourself more about finance
Take a look at how you spend your money. Where does your money really go?
Set yourself a goal. What do you want to save for?
A clear goal will give you the incentive to keep your savings under control.
Create a budget and apply the 10% rule. Doesn’t matter how much you earn be diligent to ALWAYS put 10% of your income aside and forget about it. The power of compound interest will make your money grow
Consider an account with bonus interest if at least one deposit and no withdrawals during the month, no account keeping fees, no ATM or electronic access.
Start today no matter how small your regular savings contribution might be
Make your savings goals realistic, be disciplined, don’t be tempted to dip in and watch your savings grow
When you have money in your pocket, it is easy to spend it on little things. When you have money in the Bank, it’s easy to save for the big things.
Download the FIM Diary
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