Tips on how to Spend Cash Properly
Your calendar and your banks are more similar than you might think.
If you are the person who writes all your notes at the next meeting, your calendar is a good picture of how you spend your time with your friends. Your bank account, on the other hand, helps you keep track of where your money is going.
Together, these two documents tell a lot about you – and looking at them can also help you manage your finances.
“I was talking to someone recently and they said, ‘You know what people like if you look at their calendar and their money in the bank,” Rachel Hollis, No. 1 New York Times Bestselling author of the self-help book “Girl, Wash Your Face” and “You Didn’t See Him Coming,” tells CNBC Select.
Hollis shows you to check your calendar and your bank reports to find out what essentials can help you. Doing this will help you to keep your money in check and will help you to reduce things that you do not consider important.
Hollis says: “As long as you know what you’re looking for, you can set your financial goals for the item and give you the opportunity to leave things that aren’t important to you.” “If you have to decide what to spend your money on, choose money for something that affects you.”
How to manage your bank account and your calendar can help you manage your finances
Looking at your banks and your calendar can help you see what you are spending your money on (and time) to determine your preferences.
Maybe this means reducing your spending so you don’t just spend on other things, such as eating or walking, because they are so important to you. In today’s world of sickness, perhaps you are spending more and more time at home with the goal of making a living, playing a new sport, or attending a new show.
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According to Hollis, look once at his bank and you can tell that what he loves most is their health. He is said to throw in everything related to his health, whether it be massage, medicine, exercise, good supplements, collagen powder, and much more.
“If I don’t take care of my health, I can’t be a good mother, I can’t be a good leader,” she says.
While everyone enjoys good health, it may not be the most important thing you do well. Everyone has different personalities and they are great.
“Going to healing power is the most stupid thing in the world and I have no problem spending money when someone would think it was absurd,” Hollis says.
An important point
Focus on getting the most out of your life so you can focus on spending money, and save everything else.
“As long as you set a goal that is what you love then you can make wise decisions,” Hollis says.
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Notes: The views, analysis, reviews or opinions expressed in this article are those of CNBC Select individual authors, and have not been reviewed, endorsed or endorsed by anyone else.