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New Year

Written By: admin on January 5, 2010 4 Comments

2010 has arrived. We expect a lot from it and hope that it will be the best year of our lives, we make great plans. New Year is all fresh and filled with expectations but now is the best time to start making plans for savings and improvement of our finances.

In order to do that, here are some tips:

1) Make a detailed income and expense plan for 2010
Be careful (income should be always underestimated and expenses should include room for some unpleasant surprises, don’t forget those expenses that occur only once a year like car insurance) and also be realistic when planning your income and expense

2) Keep a daily expenses diary
It is quite difficult to muster up enough discipline to keep a daily diary of income and expense (it is important to write down absolutely everything – at least in the beginning, later you can be less detail oriented). But this is the only way to gain perspective and to start analyzing and optimizing your finances. Be persistent and if you start writing down your expenses today and keep up with it, by the end of the year it will be a routine for you and you will no longer be burdened by it.

3) Think about possible improvements to your finances
Analyze your expenses often and find ways to reduce expenses and improve finances. Saving is much more difficult than being wasteful and requires greater discipline. You can invest some time in this activity and give yourself a present of peace and stress free living. Make it possible for you to spend your hard earned money wisely.

4) Find possibilities for small savings
Many people are ready to think about big savings, but often we don’t notice possibilities for small savings. But, if you save 1 dollar a day, at the end of this year you will have 365 dollars saved. Analyze all expenses at the yearly level and you will discover that even small savings will no longer seem so small.

5) Don’t close your eyes – attack your financial problems like a lion!
Don’t think that problems will solve themselves. If you have financial problems, be sure to start resolving them today. Seek help from everybody – family, friends, parents, resources on internet, educate yourself and plan and every day you will be closer to the solution!

6) Be creative and find new possibilities for saving money, but also new ways in which you can earn more money and invest your money better
Educate yourself and try to find a better job. Try finding a job that you love and don’t let anyone tell you that something is impossible. Only sky is the limit and the rest is your responsibility. Hard work, honesty and smart decisions will always take you far and enable you to fulfill your dreams!

4 Responses to “New Year”

  1. Allen Taylor says on: 5 January 2010 at 1:02 pm

    Nice writing. You are on my RSS reader now so I can read more from you down the road.

    Allen Taylor

  2. babylyn says on: 16 January 2010 at 12:11 pm

    Hope you can send me more advices and updates to curtail my bad habits in spending.

  3. axle rose says on: 6 February 2010 at 1:36 pm

    yes,by now i know how to save money and how to be thrifty..thank you…

  4. Kristal the Morkie Enthusiast says on: 11 October 2010 at 2:17 am

    I have been searching for savvy information on dog insurance and think that your site is one of the best. It is hard to find honest ideas on the Internet in regards to dog insurance, but I think I can put this to use! If you have any more honest ideas, specifically for dog insurance, please let me know. Thanks a million!

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