How to create a realistic financial routine
Here’s how to make your financial routine so easy you’ll be doing it in your sleep.
Most financial routines are complex and try to change too much too fast. If you want to get results, you’re going to need to think differently. Here’s how to make your financial routine so easy you’ll be doing it in your sleep.
Choose systems not goals
Goals, while great for keeping your mission at the forefront of your mind, are just an idealized version of where you want to be. They don’t really help you get there. Routines are the everyday habits that will create meaningful change in your life.
With time and repetition, routines enforce new behaviours that soon become part of how you view yourself. When the change becomes part of your identity, it is more sustainable and robust.
Start with a strong foundation
You can’t build a strong financial future on shaky foundations. If you haven’t already, it’s time to have a look at your financial situation and build what you need for the next steps. It’s a good idea to make a budget, make a note of any urgent debts and build up an emergency fund.
Make it easy
If you’ve created a 25 step daily masterplan for financial domination, it might look good on paper but good luck getting that done at 6am after a bad night’s sleep. You need to realise that sometimes you just won’t want to do it. If you want to stick to your financial routine, make it easy.
Part of the journey towards wealth and financial independence is realising that you can’t do everything all at once. If you have a goal, break it down into actionable steps that you can easily fit into your daily life.
If you have a goal to save €2000 in a year, work out what that will mean monthly, weekly or even daily. Then make a regular time slot to commit to this system and stick to it. In the early stages, the most important thing is to develop a habit rather than grow wealth. Once you’ve done that, the rest will follow. With behaviour change, consistency is king.
Automation can change your life
Automation can do most of the heavy lifting for your financial health and not just for processing payments. Investing is the best way to grow your money long term, which is why it is an important part of any simple financial routine. With Nuri’s savings plan, you can create a recurring plan to regularly invest in bitcoin and ether.
It takes minutes to set up and then all you have to do is confirm the transaction once a month. It’s simple, safe and you get all the benefits of regular investment without doing any of the hard work. You’re in charge and can change your plan at any time. You’d be hard pressed to find a better addition to your financial routine.
Check your progress
Most successful financial routines involve finding ways to hold yourself to account. Here are some tips for how to keep yourself on track:
- Tell other people about your routine, their expectations can be a powerful tool.
- Create a big, bright calendar and cross off the days you stick to the routine. Developing a streak of successful days will help you keep going.
- Set up reminders on a planning app to help you remember on busy days.
If you follow these tips, you’ll be following a realistic financial routine in no time. Convert your goals to systems, make it easy, automatic and don’t forget to check on your progress. Growing your wealth is a lifelong process but it is easy to get going as long as you start slow and stick to it.