Money Management: How to Organize Your Finances Like A Pro

Money Management: How to Organize Your Finances Like A Pro
  • Opening Intro -

    Managing your money sounds like a simple enough feat that should come effortless and second nature.

    However, as many people find out the hard way, it's very difficult to organize one's finances without making erroneous decisions that impact savings.


Luckily, it doesn’t take a Finance degree to learn how to properly organize your personal finances. Here’s three simple ways to organize your finances without needing to spend money or ludicrous amounts of effort.

Define a Starting Point

Where you are now financially is as important as where you want to be in the next 10 or 20 years. Gather your debt forms and expense sheets and look up how big of a hole you’ve dug yourself in. Mortgage payments, student loans, and other types of debt are crippling but can actually be contained by knowing when payments are due and what repayment options are available. Last but not least, categorize your expenses into food, housing, transportation, miscellaneous, etc. This will make it easier for you to navigate and pinpoint which expenses should be crossed out from your monthly or yearly budget.

Identify Your Endgame

In a nutshell, what do you want most, and how much cash do you need to acquire it? Those financial targets will be what you’ll save up for and tailor your personal finances towards. Wish lists and must-haves can prevent you from ever accomplishing these financial targets. Having a clear endgame in sight, however, helps you shrug the impulses to buy that new cool gadget or eat out with friends at five-star restaurants.

Manage Your Online Accounts

Personal banking is now paperless, allowing us to live in a more sustainable and eco-friendly world. Every major bank today has their own dedicated website and a mobile app to compliment it. While this mobility and convenience has undoubtedly improved user experience, it’s also created quite a problem for consumers. Since these platforms require users to sign up for accounts, user information including passwords and usernames pile up and become unmanageable.

Before you sign up for any new bank accounts, list your current accounts’ information and find a good way to save that information securely. Whether it’s a password notebook under lock and key or a secure credential saving app like Joinesty, you’ll be happy to have those passwords when you need them. 

Managing your own cash can be a hassle, but it can also be rewarding if done right. Remember, you don’t require a fancy degree or special training to become a professional in managing your finances. One only needs the willingness and patience to practice the steps above consistently until they become habits.

Money Management reference:

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SaleBestseller No. 1
The Total Money Makeover: Classic Edition: A Proven Plan for Financial Fitness
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SaleBestseller No. 2
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  • Dave Ramsey
  • Thomas Nelson Publishers
  • Audible Audio Edition
SaleBestseller No. 3
You Are a Badass at Making Money: Master the Mindset of Wealth
253 Reviews
You Are a Badass at Making Money: Master the Mindset of Wealth
  • Jen Sincero
  • Penguin Audio
  • Audible Audio Edition

Last update on 2018-01-19 / Affiliate links / Images from Amazon Product Advertising API


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