Our prior article, 5 Steps To Be Your Own Mogul – Part 1, covers the first three steps to manage your finances like a business. Below we present the final two steps.
If you have performed the budget exercise and broken your expenses out into categories, you can start to highlight areas where you can improve. The idea here is to shift the negative spending into a comfortable routine that focuses more on building savings and trimming expenses for the long haul. You can do it quite easily without weekly envelopes of rationed money or other personal finance gimmicks that rarely work in the long term.Here are some suggestions for improving your financial forecast in painless and satisfying ways: