10 Steps to Better Finances in Ten Minutes

better finances in ten minutes

One of the things that keeps a lot of people from beginning to get their finances in order is the fear that it’s going to take a lot of time and effort to do so. While it’s certainly true that certain aspects can be time consuming, there are a lot of little steps that anyone can take to help improve finances that take less than ten minutes to accomplish. Here are ten things most can do in just a few minutes that will help get them started on better finances:

Set a Date to Pay Bills

A lot of people have trouble keeping their finances in order and this sometimes leads to financial problems down the road. One of the best ways to improve your finances is to keep everything in order

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4 Responses to 10 Steps to Better Finances in Ten Minutes

  1. Tony says:

    How about be careful with your choice of girlfriend, wife or husband for that matter?

  2. Oliver Rueter says:

    I would have to agree with your post. Great you made something like this. But with these tips or steps as you call it the best would be to develop passive income. For me, passive income will be the answer to most of our questions when it comes to handling or even maintaining our finances. A lot of people nowadays stick to their daily jobs but without taking in consideration that they can create another income. Some blogger nowadays are embarking their time to it and to be honest they earn more than what most employees or executives are earning.

  3. Gail says:

    I found that setting aside some time one day a week to double check and balance your checkbook (it helps you catch up with deit card use) and pay bills that are due that week has really helped me over the years. I keep a wirebound notbook with quadrants marked out by date (I use Wednesdays) and any bill due within a few days after that date gets paid then. You can even post monthly bills like your mortgage, etc. in the right spot on the page. Open any bills that have come in since the last week and write them down according to when they need paid. That way when you get a surprise $100 check in the mail you know that next week or next month you could use that $100 for a certain bill. After a year of tracking our expenses that way, I am able in December to set up my next 12 pages for each month, and can slot in all the regular bills that will come in, like fire insurance, life insurance, car insurance, any yearly bill and any thing that comes up monthly. No surprises! It has helped me so much.

    the other thing is paying as many bills on line as possible. If needed you can take things down to the wire (we are self employed/disabled and many times we only get the money for bills right about when they are due) and you don’t have to pay for stamps. The more things you can handle on line the cheaper some stuff gets. It may not seem like much to save on the price of stamps but even $20-50 a year is a help. Our IRAs are handled on line, saving $25 each per year, my Medicare supplement is a direct deposit to them saving another $25 a year. All told some of our automatic things and using on line saves at least $100 or more a year. May not seem like much, but that is $100 we either don’t have to earn or $100 for other bills. This is a huge change for me as I have always hated doing automatic withdrawals, but now with the ability to monitor accounts on line I am more willing to do it as I can jump on mistakes fast!

  4. mario says:

    Some great points in your this article. One other thing I would add pay off your mortgage and loans as quickly as possible. In some cases loan consolidation makes sense. I have been working with a lot of clients who were enslaved by high interest loans such as credit cards or lines of credit.

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