Just Open Your Financial Post!
Money is a topic that so few of us ever learn at school or from our family when growing up. I mean, how are you supposed to get a financial role model from a schoolteacher who is just surviving on salary that is only enough for them to pay their own bills, let alone develop your own savings and patterns of Financial Independence?
We have to learn about it now and we have to get on with it. Every month that you refuse to acknowledge and learn the basic principles of financial success and money management is another month wasted, and another month of compound interest missing from your savings. Before you can know it you have to learn it and there sure as hell is no better way to learn it than to start handling money right now in your life.
Facing the subject of money and the emotion that it brings up for all of us is a strong beginning to dealing with the whole subject. An example of facing money as a topic might be something as simple and straight forward as opening an envelope that arrives and which you know contains a bill. Once you get the bill out you are in a position to file it and set a date for it to get paid.
Keep a running file of the amounts you owe and track the money you have coming in. When it comes to handling and managing money, your conscious awareness is nine tenths of the reason for your success. The less you know about your financial situation, the more you deny needing to own and control the detail, the more likely it is that you will struggle to attract it and keep it.
The last thing you should do is leave opening the post until another day or until you think you might have some cash in to pay it. By opening the post and dealing with it you are back in control of your situation.
One significant key to getting in control of your money is the ability to speak to your creditors, the people you owe something to. Once they know that you are communicating with them, much of their nervousness around the debt you owe will reduce. This allows you to make steady and constant payments within your budget, reducing your debt until it is all gone.
Being aware of your numbers is one of the keys to understanding and being in control of your finances. If you are bringing in enough money you can meet your bills and save. If you know your numbers each day, then you will also know when it is time to turn up the energy and attract more money into your life.