3 Benefits of Writing Down Your Money Matters


It’s no secret that keeping track of your finances is an important part of maintaining a healthy financial life. In a world where there’s an “APP” for everything, it may surprise you to learn that in your arsenal, you already have some powerful tools for making much progress with your money this year:  PEN & PAPER.  Oh, and one extra one that I’ll tell you about at the end! 😜

I will show you how writing can help you develop better financial habits and plans, and achieve financial wellness. 

Benefit #1 - Getting Clear

Writing down your expenses can help you gain a better understanding of where your money is going, how much you are spending, and when you're spending it. 

Seeing all the money details spelled out on paper can also help you identify areas where you can make changes to improve your financial situation.

Specifically, I'm referring to amounts and due dates and seeing if they coincide with paydays. It could be the culprit with payments or always paying late, because the money just isn't there at the right time.

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We teach a weekly method of writing out the bills that you can do in just a few minutes per week that will give you a visual "snapshot" of minimum payments and other obligations by week. Since some matters will require action, we also recommend creating to-do lists and action plans at the same time. This prevents overwhelm or putting things off.

Benefit #2 - Getting In Control

In a world of auto-this and auto-that, there are few things more defeating to me, and the client, than seeing most of the direct deposits disappear due to forgotten bills, authorizations and bank overdraft fees. There goes the money for savings or getting out of debt! Writing can be a powerful tool for building back money “confidence” and putting a person back in the financial “drivers seat.”
How does it happen? By deactivating the “autos” and turning off paperless - for a season, and I am sure this all seems hard to even imagine, but read on!
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That fear of checking the bank balance? GONE. 
The wondering if things are happening in your account that you don’t know about? NO MORE.  
Because any payments made will require your active engagement and participation, you will in turn connect more to your spending, and forge that “relationship” and deeper bond with your money and build confidence as you do it.

HERE'S THE FINE PRINT: This 100% manual process will be slow at first, but you'll be feeling fine if you follow the system.  Here and in my next post I will show you the what, when, and how to do it smart and recoup time. By using writing in the strategic way that we teach to your advantage, you can set yourself up for long-term financial stability and success.

Benefit #3 - Getting It "Together"

If you’re married or sharing expenses with a domestic partner (especially a new one), writing down your finances in the beginning will help you make better decisions as a team about how to best manage your money and ensure that it is being used in the most effective way possible.

It also eliminates the "shoot the messenger" phenomenon, because the numbers will tell the story, not the individuals involved.
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By keeping a written personal finance journal or diary, all will have a better understanding of where your money is going and how it is being used. This information can be used together to foster discussion and make informed decisions about current and future financial transactions.  

This practice can also help you identify patterns in spending, set goals together for saving money, and create an overall healthier relationship dynamic within the household when it comes to money. 

Got the Clarity? Get back to Tech!

Because the world is moving fast, even faster for entrepreneurs, I do not believe that writing is the best way to manage finances long term.

Writing takes time and there are so many APPS out there that can save you time plus link to your financial institutions to compute totals for you.  This is personal finances, after all, so we shouldn't let it suck up our time we need for running our businesses! 

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But for anyone struggling, or rebuilding or just starting out, I believe writing can be the most powerful way, as you've seen above, to GET CLEAR, GET A GRIP, AND GET IN CONTROL of your finances. 

It also helps you identify areas where you may need improvement or advice from a financial expert, like me of course!  

This is why I recommend ordering our 12-month Pocket Planner on Amazon, that includes downloads and 30 minutes of free training to get you started and allow you to work through the pages FIRST before paying for a session. 

You can order yours here or by clicking the image below: https://a.co/d/fPjAAZl

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