ArtsAutosBooksBusinessEducationEntertainmentFamilyFashionFoodGamesGenderHealthHolidaysHomeHubPagesPersonal FinancePetsPoliticsReligionSportsTechnologyTravel

9 Simple Powerful Habits to Boost Your Finances Now!

Updated on June 24, 2015
Source

1) Read Finance Books

Financial education is really worth investing. Not all schools have lessons that teach this. Thru reading of books wrote by financially successful authors, they act like your financial mentors as well. The following are my recommended books that I myself have read already. They are really worth your time.

  • Robert T. Kiyosaki's Rich Dad Poor Dad

His personal story of having two dads (poor and rich) is an eye opener. His principles will shock us because it's out of the norm: like our house is not an asset. Sounds intriguing? Give it a shot.

  • Thomas J. Stanley's The Millionaire Next Door- The Surprising Secrets of America's Wealthy

The title itself is very interesting. It really breaks our belief that true wealthy people lives luxuriously but in reality they live simply. It's inspiring and will get you motivated.

  • Paulo Coelho's The Alchemist

Some might be surprise for this recommendation but you will also be surprise because this novel is full of lessons to live a life with big dreams that comes with a true purpose. I personally just finish reading it in two and a half days because it is engaging and there's a lot to learn from it.

2) Limit TV Watching

Time is money and time is precious .Instead of spending an hour or two on some shows or news that can make your day bad, spend it in something creative like writing a blog that may inspire others. Aside from the unhealthy effects of prolonged sitting in front of TV, it snatches our time away from our family .If we limit our time on watching TV it also cuts the cost of our monthly electric bills. Just only choose the shows we watch wisely.

Source

3) Exercise

If we take good care of our body by exercise, we not only achieve a fit physique but we can avoid spending money on medicines and hospital bills.Exercise results to a healthy mind as well and with a healthy mind comes right decisions specially on making purchases.Sounds like a win-win situation for everyone.

4) Pay Yourself First

A principle that's hard to apply especially if the bills are on the way. But if we develop this habit, it shows our value to ourselves because we work diligently. It's also a confidence booster because we can see where our money is going and not wondering where it goes. It's good to make an individual bank account on this. Just get at least twenty percent of your salary and the rest will be on bills and other personal expenses.

Source

5) Budget

Be it on your groceries or movie dates. Everything must be on a budget. It's a way of commanding your money where it should be spent. It will surely create less stress and will make your every spending habit counts.

6) Pack Lunches

Healthy to the body and to our pockets. It paves the way to freedom of choosing what we put in our body and not just what anything fast food restaurants offer. We tend to splurge on food if we are starving but if we already set what we eat in our lunch, that's money saved.

Source

7) 30 Day Rule

To many of us who tend to make an impulse buying, this habit is what we need. It works this way: When you saw something you want to buy like new pair of stilettos or a smartphone, don’t buy it yet. Leave the store and when you get home, write down the item you want to buy ,the date, and the store you found it and post it on your fridge, mirror or some place you can see it .If after thirty days the urge to buy the item is still there, then consider buying it.

8) Live Below your Means

If we live within our means then there’s nothing left for us to save. So the solution is to live below our means. Remove those things we buy that really don’t matter and are just consuming space at the garage.

Source

9) Stop borrowing(as much as possible)

There’s got to be other way. Use your own genius. If borrowing may seem a good and easy idea to our problems, it’s not because it comes with interest rates and stress of paying that debt in sometimes a short span of time

Comments

    0 of 8192 characters used
    Post Comment

    • kristinekaren profile imageAUTHOR

      kristinekaren 

      3 years ago from Philippines

      Thanks healthylife2! The 3o day rule is my personal favorite as well.

      fpherj48,I'm glad you find it wonderful!I too have been determined to always be budget minded,finances is something we are never too old to learn.

    • fpherj48 profile image

      Paula 

      3 years ago from Beautiful Upstate New York

      Wonderful hub filled with excellent advice. Congratulations for being so money smart! I'e been a budget-minded/Money Saving/ recycling/frugal-living guru since old enough to count. It's in my DNA and lifelong lessons from a Financial Wizard of a Mom!...UP+++

    • healthylife2 profile image

      Healthy Life 

      3 years ago from Connecticut, USA

      These are excellent tips that I really need to follow. I like the idea of paying yourself first so you don't feel deprived and maybe even feel a little less resentful about paying bills. I also like the 30 day rule and need to tone down my excitement when I see something I want.

    working

    This website uses cookies

    As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

    For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

    Show Details
    Necessary
    HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
    LoginThis is necessary to sign in to the HubPages Service.
    Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
    AkismetThis is used to detect comment spam. (Privacy Policy)
    HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
    HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
    Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
    CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
    Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
    Features
    Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
    Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
    Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
    Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
    Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
    VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
    PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
    Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
    MavenThis supports the Maven widget and search functionality. (Privacy Policy)
    Marketing
    Google AdSenseThis is an ad network. (Privacy Policy)
    Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
    Index ExchangeThis is an ad network. (Privacy Policy)
    SovrnThis is an ad network. (Privacy Policy)
    Facebook AdsThis is an ad network. (Privacy Policy)
    Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
    AppNexusThis is an ad network. (Privacy Policy)
    OpenxThis is an ad network. (Privacy Policy)
    Rubicon ProjectThis is an ad network. (Privacy Policy)
    TripleLiftThis is an ad network. (Privacy Policy)
    Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
    Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
    Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
    Statistics
    Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
    ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
    Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)