Yes, separate your business finances! Yes, your side hustle is a business. Use your map to personal money how to make out your next step Now, I know you definitely already grabbed a piece of paper and a pen to draw your system, right?
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You can see what you need to learn next Getting stuck while drawing this out is, surprisingly, a great outcome. Where you get stuck shows you the most important next thing to learn or do. Why is that?
So, if you are worried about your personal finance and hardly have a clue what to do about it, then this is exactly how you start.
Only you can answer that question. This can happen on the other side of your drawing, too. Pro tip: Choice-proof as much as you can One of the most helpful things that I do is limit the amount of choices I make about my money every month.
Other than, of course, all of this thinking I do about money. My systems are set up to largely put money into the right places on their own. All of my savings and investments are automated, and I load a set amount of money onto my KOHO card each month.
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When does that come out of my account again? Is that before or after my next paycheque?
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Impulse buying books should be a joy. And yes, just last week I was talking about how personal choice is only part of personal finance.
Start assigning a spending value to each category, beginning with your fixed expenses.
I stand by it! In this case, setting yourself up to make fewer choices is a great move. Instead, it can help you see what your next steps will be. Mapping your money out visually adds structure to something that can easily seem nebulous and overwhelming.
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It goes everywhere! Who even knows what happens with it!
Well, you do.