When there's more month than money...
Key #1 introduced the concept of taking control over TIME. We left off on trading time for dollars. With so many things competing for our attention, Key #2 lies in getting a healthy perspective on our FINANCES.
Have you ever felt like it was hard to control your money? Like there was a hole in your wallet? I did!
And when finances are out of control, we have STRESS!
It's tough duty, but to relieve financial stress, it is imperative to consider and stick to a budget in regards to cash flow. While uncomfortable, we can gain control of our finances by holding ourselves accountable for balancing money in and money out. We do not have to let our finances control us, rather take control of our own finances...before some banker does it for us! Just as the case with time and our list, with the budget it helps to categorize items as urgent vs. important, taking care of the important things first. Often, if we are not careful, unimportant things will capture our attention and dollars! Ah, once again, we must use utmost wisdom and discretion.
Do you use the 80-10-10 Rule? I'll share this tool in my next post.
P.S. The 80-10-10 Rule is one I have used and it has made my life so much easier!
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