Thursday, February 19, 2009
What I'm doing wrong... or it takes 30 days to make a habit!
There are several things I know I'm doing wrong and why I've always had financial crisis. Its not that I'm totally frivolous but that I do indeed have a limited income. Although, I do make enough money to make it and have some savings. So what am I doing wrong?
I know I get caught up in the save a little here and there theme of frugality and it does save, but it frustrates me and I quit. Mostly, what I'm doing wrong Sisterly Savings spoke about in her post today Organized Bill Paying. I know I'm not organized at all it is part of my ADD I spoke about in my initial post.
My first goal is to get organized to kick that off I'm going to organize my finances this week by creating a new budget. I have opened a new bank account that has two checking accounts. One has certain features which were appealing and the other has other features I found appealing. I am also going to open an ING Direct account and will have my savings at the credit union for my loan payment. Oye! Just posting the amount of accounts to keep track of has me in a panic. Never fear though, that is the best way for me to stay organized. Sounds backwards doesn't it? Well each account will be for something different. If I mix my bill money in with my emergency fund I WILL spend the emergency fund because I'm not organized enough to not do it. I must organize myself in a way that will be effective for me.
I already have one of the spiral books to hold bills in it that Sisterly Savings speaks about in her post, the problem is I have never actually used it. So that is on my agenda for my budget and financial organization plan. I am also going to make a plan for some of my wants and needs. I'm not ready to post about those quite yet because the plan isn't ready by a long shot.
My newest motto is it takes 30 days to make it a habit. I need to start making healthy financial habits, I have identified my biggest problem which is the organization now I must tackle the issue.
My next step will be to organize my home, in small steps. Big steps overwhelm me so small steps are the way to go a project every weekend is good even if it is just one cupboard or two eventually the kitchen will be organized in an efficient manner.
What are some of the best ways you organize?
Do you have a financial system that works for you? Feel free to share.