Having control of your finances gives you freedom and empowers you. It might sound pretentious but it’s the truth. Having a better control of your income, expenses, savings and investments gives you the freedom to fulfill your commitments and obligations, as well as to achieve your short and long term goals for better decisions.
If you’re already free, congratulations! If you still don’t reach that point, there’s still time to do it. The question is: how to achieve control of your personal finances? The steps to follow are very easy. However, as it often happens, it’s us who sabotage ourselves. That’s to say, we allow laziness, procrastination and bad organization to put aside this fundamental activity of our daily life: carry out our personal finances.
You don’t have to be a genius to achieve it and doesn’t require sophisticated tools, you simply have to develop some skills that are easily acquired, but which require constant dedication. These skills can be summarized with the following elements:
Will to learn to manage my financial resources,
Requires an orderly control and according to a plan,
to finally execute the actions that have been decided.
Let’s talk a little more about this. The first element is will. We must want to know about finances in order to improve them. You cannot improve what you don’t know, but you can’t know what you don’t want to.
Control your finances and don’t allow your finances to control you. This could take some time, but having will makes easier to learn the optimal management of your own financial resources.
For this, it’s necessary to identify, classify and keep track of your income and expenses in order to make right decisions and execute spending, saving and investment actions.
Remember that you’ll be the one to make the decisions, and you have freedom of action. It is worth being the administrator of your finances to achieve financial freedom.