26 Wetheral Road Owerri, Imo. Nigeria
26 Wetheral Road Owerri, Imo. Nigeria
The first step to financial planning has already been taken, right? You’ve already understood that financial planning helps you make dreams come true and discovered its importance in achieving your goals. Now it’s time to understand what are the best practices for preparing financial plans.
After all, every strategy has some approaches that work best, and that’s what we’re going to teach you now. Look what it takes to make your planning really work!
Over time you will see that financial planning is something we build every day, and that it depends on a good organization of your money. It’s like we said: the important thing is to have discipline.
The cool thing is that you look at your finances and household bills in the same way as companies organize their cash movements. Whenever you need to make an expense, write it down in your notebook. If you run out of gas, if your car tire flat, if you need to buy medicine, and so on.
When the bills arrive, the value of all of them will be registered and then you can make the account with your salary and see what is available. It also helps you not to lose control and stay focused.
I stopped by the bakery and had a coffee. Write it down! I bought a truffle from the seller in the square. Brand too! It may even seem like an exaggeration, but remember that we said that many times you end up spending too much on nonsense? If you start taking notes, you’ll find out if it’s happening or not.
It’s common for us to spend 10 here, 20 there, always thinking: “but it’s so cheap”. But every 10, 20 out of 20, we could have made good savings . These extra expenses could ultimately pay off a portion of your new cell phone.
One very important thing about financial planning is that it cannot be a flash in the pan. There are people who get very excited at first, then get discouraged and soon the plans are in the drawer. Making dreams come true is an abstract goal again. Don’t let this happen to you!
Controlling your finances needs to become a habit. It is very important to know how much money you have to understand how much you can spend, what is your limit so you don’t get tight, indebted and even set aside a little bit to reach your goals.
Another detail that you need to keep in mind is that we can’t always do everything we want. You have to give up some things too for you to make dreams come true, especially when the budget is a little tighter.
So, one of the best practices of financial planning is to promote a change in habits . There are people who like to have coffee every day at the bakery. This is not necessary, right? Sometimes you can leave your car in the garage and go on foot, or perhaps by bicycle.
You also don’t need to have lunch at the restaurant every day, nor do you need to order pizza every weekend. You can take more affordable tours, and instead of shopping, visit the city park or an open event. You can reduce electricity consumption, and use less water, that is, there are several details that will make a difference in the end.
What? Investments? Yea! Investments! Trust me, this is not a rich thing. Some people keep their savings only in savings accounts, but today it doesn’t pay as well, and there are some options that pay a little better and are just as secure, such as the Tesouro Direto and the so-called Bank Deposit Certificates (CDB).
It’s not that difficult to invest, even because there are brokers and banks that give very nice support in this regard. See how it’s not a rich thing? 😊
Then you want to travel, change furniture, move house, buy a new car, give your child a video game, and so on. There are so many goals, isn’t it? And dreaming is too good! But for you to achieve all this, you need to prioritize.
It doesn’t matter how many goals you set, it’s just that you need to be aware that they must happen gradually. If there are a lot of dreams, make a list and see what is needed now, what can wait a little longer, a little longer, and what is not in such a hurry.
Doing it this way, each thing will have its moment, and you will be able to direct the focus without running the risk of dreaming, searching, trying, and not achieving anything.