Live Life More Fully! Light the Candles

Live Life More Fully! Light the Candles

Live life more fully! That’s what I plan to do this year. I don’t really believe in New Year’s Resolutions and I wrote a post about that recently, why I believe goals and priorities are more important and achievable. However I do think that the beginning of a new year is the best time to assess and evaluate your goals and priorities – so whatever you want to call it, goal or resolution – one of my biggest this year is to live life more fully. I don’t mean take lots of trips to exotic locales or do anything wild and crazy, but to take more joy in the small moments.

Life is what happens while you’re busy making other plans.

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7 Tips for Gaining Control of Your Finances in the New Year

7 Tips for Gaining Control of Your Finances in the New Year

The new year is upon us, and that means it is time to start gaining control of your money and getting yourself financially stable. If you have been struggling with getting your finances on track, the start of a fresh year is the perfect time to get focused. If you aren’t sure where to begin, take a peek at these 7 tips for gaining control of your finances in the New Year so you can enjoy the financial peace you deserve.

1. Track your spending.

It can be a difficult to face reality when it comes to your day to day spending. Coffee stops, gas, dining out, clothing purchases, and other day to day purchases can all add up quickly. The best way to face what you are spending is to track your spending. Track your spending for 10 days to see where your money is going and to get a clear picture of where you can start cutting costs.

2. Make cuts.

Once you track your spending for 10 days, start making cuts wherever you can. See which purchases can be eliminated all together, and which can be cut back. Try to identify which ones were impulse purchases, and which ones you couldn’t honestly afford. Take an honest look, and see where cuts and savings can be found.

3. Practice saving methods daily.

There are so many ways to save money: clip coupons, price match, wait for sales, buy second hand, etc. Start utilizing these practices in your day to day life. Even if you haven’t in the past, now is the time to get into the habit of these practices in all areas of spending so you can start saving money wherever possible.

4. Opt for cash only purchases.

One of the best ways to get back on track is to opt for cash only purchases. When you avoid charging items, you avoid buying items you may not be able to afford. You also avoid high interest fees as well as late fees for late payments. Instead, opt to pay cash on everything so you are only buying what is truly in your budget at the moment.

5. Bring your family on board.

Hold a family meeting to let them know about the upcoming changes. If they know you are working on a tighter budget, opting for cash purchases, and utilizing various savings methods, they can best help you meet your goals and support your efforts. If you wish, you can also find a friend or buddy to take on this challenge with you. Support always helps!

6. Go on a spending fast.

When you go on a spending fast, you refuse to buy anything for the designated length of time. It can be a day, a week, or even a month. You will be amazed at how much you can save in this time period and how much “stuff” you really don’t need! You will also be forced to get creative, which is fun and challenging.

7. Find non monetary ways to reward yourself.

We often make purchases we can’t afford because we feel like we deserve them. Well, you deserve financial peace as well. Find non monetary ways to reward yourself for your hard work. Some ideas could be a nap or sleeping in; a visit to a local park, some free music downloads, etc. Find ways to spoil yourself without spending dough.

When you keep these tips in mind, you can enter the New Year ready to save and get your finances in check! Give them your attention and see if they don’t make a difference in your life.