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Shift your spending towards your goals
What better way to save time on your finances that to put your money to work towards you most important priorities and goals. The following process will help you to free up money from activities with a lower priority and focus spending on those things that mean the most to you.
1. Take your bank and credit card statements for the last three months and list the payments for activities in three columns.
• The first column is related to cost of living expenses such as rent, insurance, etc. Check how much of your income they represent and think of ways to reduce some of these items (change of provider, renegotiation, etc.).
• The second column should reflect spending that is related to goals of lower priority.
• The third column is for payments you have made for activities related to your most important goals in life.
2. Add together the total for each column.
3. As you review the columns it should become obvious where you have the potential to shift funds to high priority activities or to reduce overall spending in the low priority areas.
As the saying goes “time is money” so make sure you are spending both of yours in the places that really matter.
Please note that this article is copyrighted by Karen Leland. If you would like to reprint any or all of it on your blog or website for non-commercial purposes you are welcome to do so, provided you give credit and a live link to her blog As Soon As I Finish Carving The Ice Sculpture: True Confessions of An Overachiever at www.karenleland.com
Karen Leland is the bestselling author of six books including Time Management In An Instant: 60 Ways to Make the Most of Your Day. She is the co-founder of Sterling Consulting Group, which helps organizations and individuals learn how to fight distraction and find their focus in a wired world. For more information please contact: firstname.lastname@example.org
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