Hi Kittens,
We always talk about what we are going to do and all of us money people say to make list of goals, of values and of your past accomplishments. Well how about we make a list of the 5 top things we are going to STOP doing? I’ve been doing this for a while and I find it more effective.
Here is an example of a list of 5 things to stop doing financially.
1. STOP taking money out of the bank machine “willy nilly”.
Take money out of the the bank machine once a week and use that cash for all of your miscellaneous spending like coffees, lunches, after work drinks, hair etc. Once the money is gone that week, you’ll need to wait for Sunday PM to come around to get any more money.
2. STOP procrastinating about starting a small business or asking for a raise.
You’ve worked your butt off or you’ve worked through all the kinks – you deserve that kind of success! Take the very first step and set up a meeting with your boss or register the business url. DO IT!
3. STOP putting off a trip to the bank to save money.
Get in there with a list of items to save or make more money on. Change your mortgage payments to accelerated weekly. Done. Go down to two accounts. One chequing, one savings and keep the minimum balance to waive the monthly fees in the account. Done. Set up an automated savings account with 10% + of your net pay to go into some sort of retirement account. Done and done.
4. STOP worrying about insurance and wills.
Make a will with lawyer. Make sure you have enough and proper insurance to pay off all debt and replace the deceased person’s salary for life. A solid insurance professional can help with this.
5. STOP shopping first and paying it back later.
Get in the habit of saving all of the money for trips, property taxes, fierce shoes, etc. Then debit or pay your card FIRST before you buy them.
Hope you loved the list. Don’t STOP visiting my blog,
xoxox
Dave
