When it comes to our finances, this topic is sometimes missed when it comes to challenges such as having more money left at the end of the month rather than having too much month left when the money’s run out. Chris and I certainly faced this issue many times in the early days of our partnership. It wasn’t until we started understanding the best ways to manage our money that we began to make any sort of progress.
Initially, we focused on minimising our costs, which definitely has its place. However, we’ve found that for consistent progress, it’s more effective to focus on increasing our income while keeping one eye on decreasing expenses. In fact, it’s often more beneficial to have the majority of our visual field on increasing income and finding ways to do so without needing to spend excessive hours (namely working smarter not harder).
There’s an interesting perspective on this topic in an article by the Motley Fool, which we read a lot during our early financial-learning phase. You can check out the article here to delve into more about bridging the gap and managing finances effectively.
What have you found to be useful in managing your financial health? I’m curious to hear your thoughts and look forward to seeing you on this week’s #AlivewithFi 🙂
Fi Jamieson-Folland D.O., I.N.H.C., is The LifeStyle Aligner. She’s an experienced practitioner since 1992 in Europe, Asia and New Zealand as a qualified Osteopath, Integrative Nutrition Health Coach, speaker, educator, writer, certified raw vegan gluten-free chef, and Health Brand Ambassador.
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¹Interesting perspecitve – https://www.fool.com/the-ascent/personal-finance/articles/4-reasons-id-rather-increase-my-income-than-cut-my-expenses/#:~:text=It’s%20easier%20to%20sustain%20a,to%20make%20a%20meaningful%20impact.