When you’re getting your financial life in order, it can seem like it’s necessary to make big sweeping changes. Move out of your house, throw out your food plan, and start finding vouchers. In reality, the new habit that requires the least amount of change are the ones most likely to stick.
Australian money photo by Shutterstock
As personal finance blog Life and My Finances explains, you don’t need to change your entire life overnight. In fact, the more complicated that a new scheme is, the less likely we are to stick to it, and the harder it can be to make it worth it.
Stop focusing on making an extra hundred bucks with your credit card or with a new bank. In the grand scheme of things, the effort just isn’t worth it. Instead, if you want to succeed in personal finance, just keep your efforts simple! If you want to succeed financially, just get yourself out of debt and stay out of debt. Then, use that extra cash flow to invest and when you start earning more returns, invest that money too.
You don’t need some comprehensive overhaul to improve your financial life. As we’ve said before, the most important financial rules never change. The simple act of making a savings withdrawal automatic or paying a little bit more towards your debt can have a far bigger effect than spending an hour clipping coupons ever could.
Want to Succeed? Then Stop Making Everything So Fricken Complicated [Life and My Finance via Rockstar Finance]