When a new year is coming we all ready with our new goals, Weather we fulfill our past goals or not. We always have a new list for upcoming year.
If you look at the gym in the months of January or February, The chances that most of the gyms occupied with more crowd than usual. But from march onward it will become normal. Its common man attitude that we can commit easily, and its difficult to fulfill.
Unlike other resolutions, The Financial resolution goals are difficult to start. Once you start you will definitely achieve your goals or targets.
In this post we are describing the top financial resolutions that will help you to become you rich after reviewing Financial literacy blogs, books and experts interviews.
You don't need more money/income to become rich, Even you can become rich with small income if you know the art of money management.
Plan Your Budget
You must know how much you are spending each month, You should track your expenses and bill payments regularly.
If you are earning good amount of salary/income but still facing financial problems at the end of the month. The first reason being you don't know your monthly expenses.
Stop Using Credit Cards
If you are using credit cards most of the times you tempt to do unnecessary shopping.
Its very difficult to track your expenses if you are using credit cards.
You should remember the advise from warren buffet that "Youngsters must away from the credit cards"
Automate your debt payments/Savings and Investments:
The popular financial author David Bach quoted from his bestselling book The Automatic Millionaire that the simple rule to become rich is you have to follow the automate way while distribute your money among your debt payments/savings/investments.
As we discussed in our last post Two Qualities that Makes You Become Rich, By following this habit you will learn discipline.
With the ease of technology it become easier to automate our payments.
Set Goals:
You must always have Financial Goals. It could be Buying House, children education, Foreign trip or Retirement Plan.
Let Money Work For You:
While setting your financial goals, You can divide them into two types based on the duration of your goal reach.
Short Term Goals: If your goal period is less than 5Yrs
If you look at the gym in the months of January or February, The chances that most of the gyms occupied with more crowd than usual. But from march onward it will become normal. Its common man attitude that we can commit easily, and its difficult to fulfill.
Unlike other resolutions, The Financial resolution goals are difficult to start. Once you start you will definitely achieve your goals or targets.
In this post we are describing the top financial resolutions that will help you to become you rich after reviewing Financial literacy blogs, books and experts interviews.
You don't need more money/income to become rich, Even you can become rich with small income if you know the art of money management.
Plan Your Budget
You must know how much you are spending each month, You should track your expenses and bill payments regularly.
If you are earning good amount of salary/income but still facing financial problems at the end of the month. The first reason being you don't know your monthly expenses.
Stop Using Credit Cards
If you are using credit cards most of the times you tempt to do unnecessary shopping.
Its very difficult to track your expenses if you are using credit cards.
You should remember the advise from warren buffet that "Youngsters must away from the credit cards"
Automate your debt payments/Savings and Investments:
The popular financial author David Bach quoted from his bestselling book The Automatic Millionaire that the simple rule to become rich is you have to follow the automate way while distribute your money among your debt payments/savings/investments.
As we discussed in our last post Two Qualities that Makes You Become Rich, By following this habit you will learn discipline.
With the ease of technology it become easier to automate our payments.
Set Goals:
You must always have Financial Goals. It could be Buying House, children education, Foreign trip or Retirement Plan.
Let Money Work For You:
While setting your financial goals, You can divide them into two types based on the duration of your goal reach.
Short Term Goals: If your goal period is less than 5Yrs
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