Successful People Account for Their Finances
Learn 10 success tips for accounting for your money
Successful People Account for Their Money
James Cash Penney a.k.a. J.C. Penney said, "Only the disciplined are free."
Successful people know where they spend their money and keep account of it. They know the value of watching their pennies to create and keep their millions. You can empower yourself and your business by knowing how much you have and where you spend it.
1) Track your spending. Record financial transactions no matter how small. 2) Search for and ask for discounts when appropriate. Many types of discounts are available. Often all you have to do is ask. 3) Obtain receipts and examine them for accuracy. 4) Write a category on each of your receipts to simplify your bookkeeping and track your spending. 5) Establish an accounting system. Develop a simple, systematic approach for dealing with financial matters and related paperwork. Pick a day and time each week to work on financial matters-from bill paying to studying finances. 6) Keep important documents for tax purposes and for future needs. 7) Balance your account(s) to the penny and reconcile them with your bank statements. 8) Check all bills, statements, and invoices for accuracy. 9) Know the fees your service providers charge. 10) Make a financial inventory list: banks, insurance, investments, assets (include account numbers) and advisor contact information.
Your personal success is directly related to your financial success!
About the Author
Amber Grady is an expert in the self-improvement field. She specializes in finances, health, careers, spirituality, organizing, relationships and leadership. In her areas of expertise, she has been credited with significantly empowering countless individuals towards living more prosperous and productive lives. Amber Grady is the creator of My Money Manager Kit, 'A Bookkeeping System That Puts Paper in Its Place' and author of Money Success 127 Ways to Make It Happen for You! tip booklet. Her academic background includes a degree in Education from Old Dominion University, a four-year program in Healing Science from the Barbara Brennan School of Healing as well as Certification as a Massage Therapist from both the Swedish Institute and the Mandarin School of Chinese Medicine. In addition she is a graduate from both Adelphi University for Legal Studies and The Florida Society of Bioenergetics Analysis.