President Trump will send the White House’s proposed 2020 budget to Congress today — a month later than usual following the partial government shutdown. Trump is expected to ask for $8.6 billion for additional barriers along the Mexico border, with $5 billion allocated to the Department of Homeland Security. The budget is also expected to seek increased military funding and a reduction in domestic programs, according to The New York Times. We will see in the upcoming days whether the budget will be improved or not.
When it comes to properly managing your personal finances, a budget is the best tool you can use to guarantee your success. It is your roadmap to tell you how to get to your desired goal in a timely manner. Contrary to popular belief a budget doesn’t limit the amount of money you can spend. Instead, it gives you direction based on what you tell it to do.
Despite this unrestrictive control everyone has, it is still a difficult fear for some to stick to their budget. The following are five ways you can hold yourself accountable and stick to your budget:
1. Create Affirmations
Affirmations are a great way to achieve any goal. They keep in your mind’s eye what is most important and transport those ideas to your subconscious. Put them in your smartphone as an alarm in the morning so that as you begin your day, you are reminded as to what your goals are. For example, if you have a financial goal of saving $5,000 this year to invest, your affirmation could be, “I am so happy that I have saved $5,000, I will use and spend this money wisely to grow my net worth.”
2. Limit Your Access
Many people falter on their budgets because the access they have to their money is too easy. Separate your bill account, savings account, and a spending account. Automate all of your bills to your bill account, automate your savings into your savings account, and what is left over goes into your spending account. Managing your money in this way removes the temptation that you undoubtedly will have to use the money for other purposes.
3. Track Your Spending
Most people who don’t stick to a budget don’t really know where they went wrong. It is usually small unplanned expenses that do the most damage. When you track your spending consistently, you are creating a mechanism that will hold you and every dollar accountable. As you spend and subsequently track your spending, you can assess where you are unnecessarily spending and stop as soon as possible.
4. If You Can’t Stick to Your Budget, Change It
You are in total control of your budget so, in order to hold yourself accountable, you need to face the fact that if you can’t stick to your budget, then you must change it. Whether it is by decreasing expenses or increasing income, focusing on how to recreate a budget that will be more suitable to the lifestyle you want is imperative. Don’t assume you will fail at something that you have the power to change.
5. Find an Accountability Partner
Sometimes holding yourself accountable requires some reinforcement. Because of competition or the fear of letting someone down, having an accountability partner is a powerful tool in trying to stick to any financial goal. Creating a system that allows you to have periodic check-ins on your budget can go a long way. Whether it’s a friend, a significant other, a financial coach, or co-worker, align yourself with someone who can help you stay the full course of sticking to your budget.
We want to hear from you! What are some other helpful ways that you can hold yourself accountable to your budget?
T-Mobile’s Dream of Telecommunications Domination Gets the OK + How to Create Mental Toughness While Pursuing Your Dreams
T-Mobile’s $26 billion takeover of Sprint finally got approved by a federal judge, a move that will leave most wireless consumers with three major operators to choose from, including Verizon and AT&T. More than a dozen attorneys general had sued to block the merger that had already been approved by the Justice Department and Federal Communications Commission. The administration has required T-Mobile and Sprint to sell some units to pay-TV operator Dish Network as part of the deal.
Dream chasing isn’t for the faint at heart. It can take years before one sees the financial payoff of what was once an idea. T-Mobile is probably patient on the outside, but internal it is jumping for joy. It took them a few years to get to this point, but I’m sure they will be relieved at the fruits of their patients.
When building a business, your goal has to be more than money, or you will ultimately fail. Your drive has to be based on principle, change, and something greater than yourself. Here is how to stay mentally tough while pursuing your dreams.
Personal Development. The road to success is paved with character and growth. Personal development is one of the key drivers that sustain you on the path of your dreams. Trustworthiness, keeping your word, and dependability are imperative to any industry. It doesn’t matter if you’re a musician or painter, lawyer or doctor, these traits and non-negotiable and forever transferable to success.
Take Breaks. To get there, you must rest one mile at a time. The grind is overrated. Reflecting on how far you’ve come energizes you for the road ahead. Burnout is a danger to your accomplishments and leads to a failure by default.
Stay Hungry. Stay Foolish. Steve Jobs popularized this quote from an ad in The Whole Earth Catalog. It read Stay Hungry. Stay Foolish. We come to a point when we are happy with a level of progress and think we’ve learned everything. Accepting the truth that we never stop growing, and there is no limit to our success gives us the ability to keep going. To continue, you must never settle. You must always seek new ways of fixing things and solving problems. Discover new opportunities and be open to learning more.
Faith. Steve Jobs also mentioned faith throughout his journey. Believing so deeply in an idea that you make it come to life. Belief takes ideas and materializes them; and when you realize you can actually make something come to life, the sky becomes your launching pad, not the limit.
Amazon Plans to Add 15,000 Jobs + How to Prepare for the Job You Want
Amazon says it will hire 15,000 more people at its Bellevue, Washington, campus, as part of the company’s effort to allocate new workers after it abandoned its plans for New York City. The e-commerce giant had issues in New York trying to open a facility there, called Bellevue, where 2,000 employees are already located, a “business-friendly city.” It’s also close to the company’s Seattle headquarters. This is good news for those in the job market but if this isn’t what you are looking to do then how do you make yourself valuable in the job market?
Here are four ways to prepare for the job you want no matter your age:
1. Focus on Your Strengths, Not What You’re Lacking
Whether you are 20 years old or over 40 instead of focusing on your age, you need to focus on your strengths. Many young people with limited experience or older people who may not be up to date with the latest technologies focus on what they’re lacking, and this is a big mistake. Do you have the qualifications for the job? Can you bring value to this position? Whatever your strong suits are you should play that up in your resume, cover letter or communications with the recruiter. It’s easy to focus on why you can’t get the job, but the trick is not to let that get to you. Focus on your value!
2. Attack Your Job Search from All Angles
Networking, Answering ads and/or working with recruiters are the most effective ways to land a job. It is important that you just don’t focus on one method but all three. Networking obviously is the ideal way because it allows you to communicate your value directly, but the other methods have their benefits as well. Be proactive and use each method effectively.
3. Show/Explain Your Leadership Abilities and/or Innovation
Leadership and taking the initiative have nothing to do with age. Young leaders and old leaders can be more or equally effective as those who have the “ideal” age. Focus on your leadership abilities and be sure to display this to your current or potential employee. Also, make sure you are keeping up to date with current trends in your industry. This will allow you to show your innovation and add more value to your company.
4. Ask For What You are Worth
Lastly, ask for what you are worth. Don’t let being “too young” or “too old” deter you from asking for a salary you deserve. In fact, trying to downplay your worth may very well backfire on you. Also, if you have been with a company for a long time and your salary outpaces what the position is worth making sure you are adding to your skill set and not staying complacent.
Following these four tips can help you gain or retain employment. What are some other ways? Comment below>>>
New Survey Says that Young People Don’t Like Job Hopping + How to Get Paid What You’re Worth
Contrary to popular belief young people are not keen on job-hopping as most people think. According to a new survey, U.S. millennials and Gen Zers want to stay at their current companies for an average of 10 years and six years, respectively. Additionally, they say work is a major part of their lives, with 65% of people in Gen Z and 73% of millennials saying it’s part of their identities, according to a Zapier-sponsored poll. The age groups’ actions reflect the findings: Seven in 10 say they constantly check work messages outside the office. This is great for corporations but what does that mean for business owners?
If you are a freelancer or entrepreneur you know all too well the fight to get what you are worth. You will constantly be bombarded with offers to work for less or even for “exposure” as many like to call it now. But how do you gain the confidence and know how to charge and get what you’re worth? Here are 3 tips:
Build Your Resume. It’s said that if you do what you love you’ll never work a day in your life. Pursuing your passions and getting paid for it is the ultimate professional dream. You may have to start by working for free or at a discount rate to builds skill, ability, and your resume but once you have some stats under your belt its time to get that money… Keep in mind that if you are only in it for the money it will be difficult to experience long term financial gains so make sure you are pursuing your passion not only the paycheck.
Set a Standard. Pioneers have the ability to set standards. And even if you are providing services already in the market, no one can deliver them quite like you. Style and quality set you aside from others opening up a field of buyers seeking exactly what you offer.
Don’t Give In. A colorist (a person who literally adds color by hand or digitally in films and visual media; yes, there is a path for everyone) from Brooklyn, NYC once told me he had to be firm with pricing because he didn’t want to become that guy who works for free. After you have put in the work and set a standard you must not give in to fees below your ability. Yes, flexibility is key but don’t short change yourself. Getting paid your worth is ultimately the result of you believing in your ability and knowing there are people who will pay for it.