8 reasons WHY you must take action to simplify your finances

“Action is the foundational key to all success. ” Pablo Picasso

Do you set goals but never reach them?  Do you want to organize your finances but never seems to get it done?  It’s probably  because you never took action.   Taking action is the first step you need to take in order to simplify your personal finances as a matter of fact it is the only way we can reach your goals or organize your finances.  So take the first step by taking action now.

Here are some reasons why you must take action now.

“Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines. Sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover ”     – Mark Twain

Time is ticking away – you are not getting any younger.  So what are you waiting on.  The longer you wait the worse the situation will get.  If you don’t start managing your debt its only going to get worse.  If you don’t start saving for retirement or for some unexpected emergency your going to put yourself in a deeper hole with less time to climb out.

“Whatever you want to do, do it now. There are so many tomorrows.”      – Michael Landon -

Life will go on with or without you – if you take action today or tomorrow or maybe never everything will move forward with you or without you.  So you might as well just step up and take some action to get your finances in order.  Those credit cards bills will continue to come in the mail.  Your saving or retirement account will never get funded.  You will look back and ask yourself what happen?

“Knowing is not enough; we must apply. Willing is not enough; we must do.- Johann Wolfgang von Goethe

Apply what you have learned- you read the wall street journal, read  best selling finance books, and read best finance blogs out there so you have all of the knowledge but you have not implemented what you have learned.  If you take action and apply what you have learned you will probably be well on your way to having your finances in order.

“Thinking will not overcome fear but action will.”      – W. Clement Stone -

How will you get over fear unless you try – we all have fearsBut you will not get rid of these fears until you take action to get over them. For example, you may have a fear of flying but have never flown before.  The only way you will get over it is by taking action and actually flying. 

“Never underestimate what you can accomplish when you believe in yourself.” -Unknown

You will feel sense of accomplishment -I know if feels great when I complete a task or accomplish something I set out to do.  You will feel better about yourself if you just take some action.  One accomplishment can lead to many other accomplishments.

“If you try, you might get exactly what you want. If you don’t, you don’t.” – Unknown

Never know until you try – if you don’t take action you will never know if you will be able to accomplish your goal.  You never know you may exceed your own expectations.

“We are each responsible for our own life – no other person is or even can be”. – Oprah Winfrey

No one will do it for you - no one is feeling sorry for you because you have not reached the goals you have set for yourself or because your finance are not in order.  Guess what they will probably not fix them for you either.  So take action and do it yourself.

“The results you achieve will be in direct proportion to the effort you apply.” – Denis Waitley

You just may see results –  you are not seeing any result now.  But remember you have done nothing.  Just think if you do something like open your bills or review your account balance.  You just may see some results.

So stop reading this post and take some action to simplify and organize your personal finances.  Open a retirement or saving account, sign up for online access to your accounts, or pay down some debt .  Just do it now and stop thinking about.  You never know you just may accomplish something.

Remember take one step at a time and take action if you want to simplify your finances.

Rather than thinking “if and when”, start doing, take action, stop talking about “if and when”.      – Catherine Pulsifer -


This post was included in Carnival of Personal Finance #378: “You Better Work!” Edition

What are you doing right with your personal finances?


Do you  have a tendency to focus on the negative when discussing your personal finances and forget about the things you are doing right with your finances?

I have too much debt.

I don’t have an emergency fund.

I have not saved for retirement.

It is good to focus on the things you need to improve upon but you can not take for granted the positive things you have done with your finances.  I believe if you want to organize your finances you should look at the things you are doing right.  Once you have identified the positives things you are doing, then you can begin to tackle the things you need to fix to better organize and simplify your finances.  You say there is nothing positive about your finances.  That is hard to believe.  I am pretty sure you can find something you are doing right.  If its just as simple as having your pay check directly deposited to your checking account  or have simply signed up for online banking.  It is a start.  As I always say take one step at a time to simplify your finances.  Idntifying the positive is step one.  If you can do one thing right, I am sure you can do other things to better organize your finances.

Here is what I am doing right with my finances.  I am automating my monthly savings for retirement, children’s education as well as emergency fund. This way I do not have remember to make the transfer at the once a month.

Tell me what are you doing right with your personal finances?  Look forward to hearing the positive things.



9 Simple ways to avoid overspending on your credit card

This is a guest post from Andrew Wang who also publishes a blog on making money.

Purchasing a large number of different items on your credit card, as well as paying certain bills with a credit card can very quickly send your card up to the limit. Before long, many people quickly find themselves overspending on their credit card and incurring fees and charges that mount up quickly. To avoid overspending on a credit card, there are a number of practical steps you can take. This will help control your spending and keep you within your credit limit.
Here are 9 ways to reduce the chances of overspending on your credit card:

1. Know your credit limit, you can quickly assess if the item you wish to buy or the bill you wish to pay is going to make you exceed the credit limit set by the credit card company. You can then avoid the situation of using your card and exceeding your credit limit.

2. Keep your credit card receipts. Always keep your credit card receipts after you spend money on the card and keep a tally of what you spend. You can use this in conjunction with the previous step to make sure that you are always aware of your spending and spending limits, as to avoid credit card charges for going over your limit.

3. Establish on line bank account. Setting up an on-line bank account linked to your credit card will allow you to quickly transfer money onto your card if you are in danger of going over your limit.

4. Use for specific purchases. By using your credit card for specific purchases or specific bill payments, you are much more in control of what it is being used for, therefore you are less likely to overspend on unexpected items.

5. Pay with cash. Whenever you can, try and get into the habit of carrying cash. You know exactly how much cash you are carrying, which means that you are less inclined to make an impulsive purchase because you have your credit card with you.

6. Open with lower limit. When you first open a credit card account, insist on having a low spending limit on the card. Credit card companies are always keen to “bump up” your credit limit as they know you will use the extra credit and have a greater chance of going over your credit limit, thereby incurring charges and fees.

7. Know what you are purchasing. Before you go shopping with your credit card, look at the items you have previously purchased with your credit card and give them an “Objective Valuation Rating”. Rate each item on a scale of 10 and only consider further purchases on the item you wish to purchase if it scores over 8. This really helps you control your spending, and it also reduce the chances of overspending on your credit card.

8. Don’t take it with you. Keep your credit card at home. This means that your card is not available when you see something you are tempted to purchase. This also means you will be in a better place to keep a tight control of all spending on the card.

9. Pay it off. When paying your credit card bill, pay a little extra on the card. That way you are actually increasing your credit limit and reducing your chances of overspending and having to worry about fees and charges.