MONEY HACK! The Best Way To Manage Your Money

If you're like most people, you probably feel like you could be doing a better job of managing your money. Well, there's good news! There are some simple steps you can take to get your finances in order and start saving money. Read on to learn more about the best way to manage your money.

Ready to get your finances in check? Step one is the most important (and maybe also hardest) part - gather up all of your expenses from an entire year. Once that's done, you'll want group them into a few generic categories for easy tracking (more on this later). Rent, Bills, Spendings and Savings are some classic examples - but it's totally customisable according to what works best for you.

Want to kiss money worries goodbye? Organising your expense categories by the number of times you get paid is a great way to keep yourself financially organised and stress-free. Divide each category that you have created into 12 if you receive monthly pay cheques, 26 if it's fortnightly or 52 for weekly payments. That way every time you have a bill due or your landlord is expecting their payment you always have money available to make the payment, this not only helps you keep and build a good credit score but importantly allows you to live life without the worry of money.

Now that you have streamlined your budget categories, it's time to set up shop. Get a bank account for each category and assign your income into the accounts when you get paid so there is no forgetting – visibility at its best! Then create automated direct debits from these accounts; this way, bills get paid on-time without any stress or hassle—you just sit back and relax while your money does all the work.

So there you have it, a simple way to automate your money so you don't even have to think about it. If you want to get started immediately, calculate your annual expenses and divide them into categories. Then, every time you get paid, transfer the appropriate amount into each category's account. Set up direct debits for all of your bills and you'll never have to worry about manually paying them again. Finally, sit back and enjoy the peace of mind that comes with knowing your finances are taken care of. For more tips on how to manage your money, book yourself a one on one session with me directly using the button below and we can go into further detail and turn those dreams into reality!

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