How To Accumulate Money For You

I hear the words ‘I can’t afford it’ quite often from people who would love to bring exciting new adventures into their lives, however they don’t feel they can afford it.

Often this is merely an excuse not to do something. I understand that everyone has legitimate bills and expenses and the cost of living certainly isn’t going down any time soon. This does not mean, however, that we cannot save up for some of the things that bring us pleasure, or shift what we are purchasing in order to afford what we really need and want.

Yes, pay your bills first. Mortgage, rent, food and amenities. Insurances, vehicle expenses and everything else that’s important. This goes without saying.

However, keep track of all the small things you spend your money on for the next month, such as a cup of coffee or a movie or a dress and pair of shoes; that pretty inexpensive trinket that you just had to have. How much do you spend on drinking and eating out? What membership fees do you pay if you belong to any groups? Do you still attend meetings or is it something that still interests you? What public transport, road tolls, and swimming pool entrance fees do you spend your money on? Keep a tally for a month; you’ll be amazed at what some of us spend almost unknowingly.

Knowledge is power.

Knowing specifically where and how your money is being spent is the first step to being able to know what you can and can’t afford to do.

Do you really need the latest and greatest updated mobile phone, or can you last another year with the one you have? It’s time to make some decisions on what’s what with your finances. Then you will truly know where you have some spare cash to save and spend on the things you really want to do, instead of filling that void on the day by buying something you don’t need.

With the kids gone:

You might actually be surprised at how much more spare income you have since you’re not feeding and clothing them or paying for school fees any more. This money could go on a fabulous trip, for example.

Start Saving:

Once you know where you can save money, begin putting it aside for those ‘big ticket’ items you’ve been dreaming of. Save for that trip of a lifetime, or that new car or that personal development course. Save for the things that will bring you joy! The monthly massage that eases stress and stimulates wellness or that gorgeous nice candle. Make a budget plan and stick to it for the next twelve months… you’ll be amazed at what a little planning can do.

Get professional help:

If you’re not good at setting budgets or doing your finances, ask a friend to help you or go and see an accountant. Set yourself up for your future.

If you say “I have plenty of money saved”

Fantastic. If you have enough money to keep you going and spend on what you desire, then now is the time to treat yourself. Don’t wait another five or ten years. What are you waiting for? Go and do that course or workshop or trip. Buy that new toy you have been wanting forever. This is your time, your time to do for you.

You can always use one of the action petals from The Amanda Method as a guide. Click here for more information on how you can purchase my workbook.

Invest in Yourself!

Amanda Candy


 

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