Your relationship with money comes with responsibilities. It needs to be cultivated and given the attention it deserves. Ignore it and it will get your attention in ways that aren’t so positive.
Here are three tips to help you get responsible with your money starting today!
Tip #1: Where You Put Your Bills
Do you have bills piled up on your kitchen counter or strewn about your house or office? If you don’t have one specific place to put your bills, then you’re not being responsible with your money.
Here’s what I want you to do: Create a folder labeled “bills to be paid” and put all of your bills in the folder. This sounds very simple, but for a lot of you, this will be something you have never done. Have one place where you put all of your bills to pay. When the bills come in, put them in your folder.
Tip #2: The Frequency in Which You Pay Your Bills
Most people don’t pay their bills with any regularity. They pay their bills when they think they have the money; it’s completely random.
If you don’t pay your bills at the same time each month, then you’re creating a lot of unnecessary drama and chaos.
Here’s what I want you to do: The action here is very simple. Make a decision. You’re not going to leave this to chance or fate. Making a decision equals you standing in your power and when you stand in your power regarding money, you’re being responsible.
Decide when you’re going to pay your bills. The frequency at which you pay them doesn’t matter; it’s the action of deciding that counts here. Then decide on the date you will pay your bills. If you’re paying twice a month, will it be on the 1st and 15th or the 5th and 25th? Pick a date and write it into your calendar or put it in your blackberry or whatever you use for calendaring. Now, schedule it out for the remainder of the year. On that day, pull out that folder marked “Bills To Be Paid” and pay your bills. Each time a new bill comes in, put it in your folder, so when the day comes to pay the bills, it will be right there waiting for you.
Tip #3: What’s In Your Wallet?
When I look at people’s wallets, it’s shocking what’s in there. Old receipts, pictures, notes, business cards, prayer cards and more take up this valuable space. They’re typically stuffed to the brim, can’t close, and the money is just crammed in there in no particular order.
When you stuff your wallet to the brim and have money strewn all over the place, you’re not giving money the attention it deserves.
So here’s what I want you to do: Clean out your wallet! Take those receipts out and file them away or give them to your bookkeeper to handle. Put your bills in order with ones on top and larger bills on the bottom. Remove anything unnecessary from your wallet. Start removing receipts at a minimum of weekly. And, if your wallet is old and ratty, go out and buy a nice new wallet.
Cultivating A Responsible Relationship With Money Doesn’t Have To Be Complex. If you follow these three simple strategies, you’ll begin to create a new relationship with your money, cultivating more responsible money behaviors over time.