The most direct way of changing your life is changing your attitude. Why? Because only you are responsible for whatever happens to you, hence you can either choose to complain about stuff you do not like in your life or to change them. Not surprisingly, this relates directly to the state of your finances. If you are tired of living paycheck to paycheck, having that phone cut off regularly, or making dumb excuses to skip dinner with friends, then use these habits to seize control of your financial situation and live a more frugal lifestyle.these are the frugal features to planning finances.
Make savings automagical
This has to be your number one priority, especially for those without a solid emergency fund. Make your savings the first bill to be paid each payday, by automatically transferring a set amount of cash to your savings. Do not even think over this transaction — just ensure it happens every payday.
Have control over your impulse spending
This is the biggest issue for many people. Impulse spending, on shopping, eating out or online purchases is a huge drain on finances, a big budget breaker, and the surest way to head up in dire financial straits.
Evaluate your expenses
To track your expenses, try out the One-Month Challenge. Evaluate how you are spending your cash, and see what could be cut out or reduced. Decide if all your expenses are absolutely necessary, then get rid of the unnecessary.
Avoid and eliminate debt
If you have got personal loans, credit cards, or other debt, begin a debt-elimination plan. List out all your debts then arrange them starting with the largest balance at the bottom to smallest at the top. focus on the debt at the top, putting as much money as can be put into it. Continue the process till you pay off all the debts.
Pay bills immediately
One great habit is paying bills as they come. Also, try as much as possible to get the bills paid by automatic deduction. If you can’t, use the online check system in your bank to make regular automagic payments. This way, all the regular expenses in your budget will be taken care of.
Read a lot about personal finances
By educating yourself more, you will be better at your finances.
Planning your finances properly, living frugally, and making your relationship with money better are great goals — but they are big goals as well. And anytime you set your feet on a big goal and run into a setback, you can very easily get frustrated, and head up thinking you just cannot do it. But financial success is not achieved by just playing the short game — it is a long-term plan.