Simple Personal Financial Tip: Managing your Financial Time

Is finding the time preventing you from simplifying your personal finances?  Simplifying your personal finances will enable you to  spend more time doing the things you enjoy.  If currently do not manage your time now, you may have a difficult time simplifying your personal finances.  So in order to simplify, you have to mange your time more efficient.  You can do this by setting up automatic deposits,  automatic debits and automating your bills are some of the ways you can manage your time more efficiently.


Here are five keys to help you find the time to simplify your personal finances:

Have a vision of your personal financial picture

Take action and stop procrastinating

Always plan ahead

Prioritize your goals and objectives

Plan for the unexpected

Action step

Take a few minutes to decide what time saving actions you can implement now to help you manage you financial time more efficiently.


Can you live without these in order to simplify your finances?

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If you want to simplify your personal finances, we have to give up some things or break old habits. But by giving up old habits, we can make our financial life simpler, however, we don’t always see it that way. We want to continue to do things we have always done them but expect our financial situation to change. It does not always work that way so if you want to simplify your finances are you willing to give up some things you believe you cannot seems to live without.

Here are some things you will have to give up in order to simplify your finances but I am not sure everyone is willing to give these up:

I know you like the taste of the stamp glue and the continuous raising the stamp price but you must stop licking if you want to simplify your finances. You may have an addiction but I am sure you can overcome it. You must give up the stamp licking because you will not have to mail your bills. To simplify your personal finances you will have your bills paid directly from your bank account or directly charge your credit card. I don’t recommend going cold turkey on the stamp licking. I know it is a hard one to get over so slowly reduce the number of stamps you have to lick over the next few months.

I know you find pleasure in going to the mail box everyday to see what bills or junk mail the mail carrier has delivered. You will have to give this up because all of your bills should be received electronically if you want to simplify your finances. It may take some time to get over going to the mail box but I am pretty sure you can handle not going.

Many of us enjoy writing a check to purchase items at the store and to pay your monthly bills. If you plan on simplifying your finances you must be willing to leave those paper checks at home. You should instead pay your monthly bills with your online bill pay service or use debit card, credit card, or cash to make your purchases. There are several reasons while these other methods of payment are better than paper checks.

I know it’s easier to just go to the ATM that is closest to you even if it’s not your primary bank. It’s always easier to pay the transaction fee instead of using your bank and not have any ATM fees. If you want to simplify your personal finances you must give up one of those banks. You are not benefiting from using another bank if you are just using it for convenient purposes and paying a fee for the convenient. Decide which bank provides you with the services you need and dump the other one.

3rd or 4th CREDIT CARD
I know your wallet will become depressed if card #3 and #4 are no longer members of your wallet club. You enjoy using card 3 and 4 when card 1 and 2 have reached their limit. Card #3 and #4 come in handy when you are in a bind. If you want to simplify your finances your wallet will have to get over the lost of card #3, #4, and even card #5. To simplify your finances your goal is to eliminate as much debt as possible. By not have those cards you can focus on eliminating any balance you may have on them. Two cards should be enough to manage your finances.

I know you enjoy social hour in the teller line and seeing that bright shining face in the drive-thru but if you simplify your finances you can eliminate your time at the bank. Simplifying your finances means you sign up for online banking and you have your payroll check deposited directly into your bank account. This will allow you to eliminate those trips to the bank.

I know many of us stress over our personal finances because we have not simplified. If you simplify your finances you can reduce your stress level because your finances should be organized, payments should be automated, you should have a plan in place to reduce your debt, and you should be living within your budget or spending limits. Having these in place will eliminate or reduce your stress level.

Now is time for the truth can you live without these things so you can simplify your personal finances. If so, it’s now time to TAKE ACTION. Decide which of these you can live without and put an action plan together to simplify.

Remember take it one step at a time in order to simplify your personal finances.

Simplify your Finances one tackle at a time


As many of you know or maybe don’t know, I am a huge football fan. I can not wait for the NFL season to start. It kickoffs with my defending Super Bowl Champion New Orleans Saints taking on the Minnesota Vikings. WHO DAT Its not going to be an easy task for the Saints to repeat as Super Bowl Champs. The team has to focus on one game at a time in order to repeat as Champions and TWO DAT. Its the same with your personal finances. If you want to simplify you have to tackle each financial task one tackle at a time. Don’t try to financially multitask and take on more than you can handle. Its much easier to tackle each task one at a time. Here is a quick list of financial task you should tackle to simplify your finances:


  • Consolidate your bank accounts
  • Sign up for online banking
  • Set up account alerts


  • Consolidate your credit cards
  • Eliminate credit card balances or put plan in place to eliminate it
  • Refinance your mortgage or renegotiate your credit card interest rate


  • Evaluate your all of your insurance coverage
  • Determine if you have enough coverage
  • Are you paying to much for your coverage


  • Consolidate your retirement accounts
  • Are you on track to reach your retirement goal?
  • Have you reallocated your retirement accounts?


  • Have you established an emergency fund?
  • Do you know how much it should be funded with?
  • Is it adequately funded?


  • Do you have a will in place?
  • Have you reviewed the beneficiaries, executor, and guardians you established?
  • Is you family aware of your intentions in your will?


  • Do you have education saving plan in place?
  • Have you set a goal for what how much you will need?
  • Do you review you plan regularly?


Determine which financial task would help you simplify your personal finances and tackle this one first.  Ask yourself the three basic questions provide.  Once you tackle the first one move on to the next.  After you tackle each one at a time your financial life will become simpler and you will begin to live a simple financial lifestyle you want to live.

Til next time remember to take it one tackle at a time.


8 Financial Seeds to Plant Now to Simplify Your Finances


Looking to simplify your personal finances.  You must first take action by planting financial seeds.  Planting financial seeds is just like planting a garden.  You must first plant the seeds in order for the plants to grow.  So what financial seeds must you plant to get your financial simplicity garden to grow.

Here are some financial seeds you should plant to simplify your finances:

Saving Seeds – Want to grow your retirement saving and investment savings accounts? Open an IRA or start contributing to your401k plan at work for retirement.  Looking to build investment portfolio open a discount brokerage account.  Once you establish these accounts begin to make monthly automated contributions to your accounts.  Plant this seed and watch your savings grow.

Eliminate Debt Seeds -Tired of looking at that credit card debt.  Stop using your credit cards for purchases instead use cash.  Develop an aggressive plan to eliminate your consumer debt. Plant the seed and watch your credit card debt go away.

Major Purchase Seeds – Want to purchase a new car, house or any other major purchase.  Start saving for it by putting funds aside each month so you can reach your goal to make that necessary purchase.  Plant this seed and you will have the funds for this purchase shortly.

Estate Planning Seeds – Worried your assets will not be distributed according to your wishes.  Draft a will to make sure your intentions are fulfilled as you wish.  Plant this seed and you will rest better knowing that your assets will be handled according to your wishes.

Bill Paying Seeds – Tried of forgetting to mail your bill on time or seeing that late charge.  Plant the seed of automated bill payment by establishing bill pay through your bank or setting up direct pay to your credit card.  Planting this seed will eliminate those ugly late charges and enable to make sure the bills are always paid.

Eliminate Paper Seeds – Receiving too much mail.  Sign up for e-bills to reduce the amount of paper bills you receive each month.  Planting this seed will save you time from opening all of those bills that you receive.  NOTE:  You will receive less paper but remember to review your bills to make sure they are accurate.

Automate Seeds – Tired of forgetting to make that deposit. Tired of waiting in line at the bank to make that deposit.  Plant the autodeposit seed so you don’t have to wait in line or forget to deposit that check.  Its done automatically for you.  Planting this seed is the easiest and most convenient seed you can plant.  You will never have to worry about what did I do with that check or waste your valuable time waiting to simply make a deposit.

Easy Banking Seeds – Want to check you account balance?  Want to make sure that check cleared.  Sign up for online banking.  Plant this seed and you will have 24 hour access to your bank account.


Decide what financial seed or seeds you need to plant so you can begin to simplify your personal fiances as well as reach your financial goals.  Then take the necessary steps to plant the seed.

What are some financial seeds that you need to plant now in order to simplify your finances?

Remember take one step at a time in order to simplify.

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