From time to time, we all find ourselves stuck in ruts and routines, going through the motions of life.
But every so often, it’s good to take a step back and reevaluate everything. Think about this in the context of your finances.
By asking yourself some evaluating questions, you may find yourself making more money, spending less money, and saving more of your income.
As it relates to your personal finances, ask yourself some of these type of questions…
- Why do you bank there? Could you get a better interest rate somewhere else?
- How do you manage your finances? Is there a better way to do it?
- Why do you pay your bills by mailing a check? Couldn’t you use online bill pay?
- Why do you still pay for that service you don’t use? (i.e. gym membership, home phone, security system, etc)
- Could you save $20 a week by clipping coupons?
- Why do you have to work Monday through Friday from 9-5? Would your boss let you work later each day if you got Friday off every week?
- Why do you work from an office? Could you be more productive at Starbucks, the library, or even at home?
- Could you account for how every dollar is spent every month?
- Do you deserve a raise? If so, why haven’t you asked for one?
- Why do you drive that car? Is there a less expensive, better option out there for you?
- Why do you live in that house/apartment? Again, are there better options for you? Closer to work, more within your budget?
- Why do you shop at that store? Can you get the same thing cheaper elsewhere?
We all have areas in our lives that we need to improve on, but improvement will never happen if we don’t stop and challenge the status quo. Take this concept of evaluating your finances and ask similar questions in other areas of your life.
What are other evaluating questions about personal finances that someone should ask?
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2 Comments
Good stuff Grant! We need to do this often. Keep up the good writing!
@Noble Thanks bro!