Posted in Money matters

Why “Pay Yourself First” is an effective method to save money consistently

Stop searching; instead apply what you have already learned

We heard how to save. We knew how. The answer on how to save is everywhere.  But people are not practicing what they knew. Instead of applying the hows to, People kept on searching, trying to discover new ideas on ways to save money. Maybe because these advises was not working for them. The truth was people were impatient. They wanted to save fast. They wanted to take the short cut and the result is failure.

 

Your dreams should be bigger than the obstacles

Saving money isn’t easy and hindrances are everywhere. Like other goals in life it takes self discipline to achieve it. It is not how you do it but why you are doing it. More than the steps it is important to always bear in mind your reasons why. When you feel like you’re losing the battle, bear in mind this quote “Before you quit remember why you even started.”

Realize the real reason why you want to save

Why are you saving?

Saying good future for your family is very generic. Make it personal and deep. Try thinking of your dream house. Or try putting yourself in a scenario where your child is asking you if he can enroll in a medical school because he wanted to be a doctor. You know how expensive it can be right? Do you think you can say yes or you will just take his dream away and give him other options? You know a course that will not force you to work too much.

Other way of determining your reasons why is think of an event in your life, Or something that happens to you always that you hate. Say borrowing money from a friend because you are short of budget, losing your house because of mortgage payment.

So what now? You know what savings is. You know how to save. You are ready for obstacles and challenges. You have your reasons why, you are so ready and excited to save. Before we go to actions I also want you to always remember this word “Consistency” let me use a phrase of Kristine Kane “Consistent Action Creates Consistent Result” You don’t need too many steps. You just have to be consistent and these three steps.

  1. Pay yourself first / Save before Spend  

Every time you receive your pay, put aside a certain amount for your saving right away before spending. Saving comes first before debt, expenses, and fun. Open a separate account that automatically transfers your savings from your payroll account. In that way it is already saved even before you can touch your pay. If you cannot open an account, have a coin bank, envelope or a wallet separate in the one you use for daily expenses. It should only be used for saving purposes only. Do not be tempted to touch the savings if you are short of money because it will be a habit. If you dig in your small savings to pay a debt you will most likely to do it always and you will end up with no savings? Bear in mind that the more you struggle today the more reason you have to save and more reasons why you should not touch your savings. Remember, that saving money today will save you big time in the long run.

  1. By heart how much money are coming in and out of your pocket by creating a budget. (Know your budget)

If you will be asked how much you spent with food last month? Would you be able to give an answer in a second? If not, you are one of the many who just spend their hard earned money without a budget. It is impossible to save if you don’t understand your cash flow. You need to have a budget. Believe me it is easy as ABC. You will need a pen and a paper. You can use an app to do your budget. If you are a beginner pen and paper is recommended. If you are short of money in your budget cut the food or the fun but never the savings.

  1. List down all your expenses
  2. Set a realistic amount for each category
  3. Follow the budget

This is the hardest part and so personal why’s comes in. How to stick to the budget you created? First let me ask you. “Did you set a realistic amount in your budget?” If not then you will have a hard time following your budget. Your budget is not a wish budget but something you are going to follow every single day. Most people are actually short of funds for each category to stand last until the next pay so what to do if you are short. Well do not touch the savings that you put aside first. No. No. You borrow money, reduce expenses or earn extra.  You choose. If you are going to borrow money, payment for it will be added to your expenses the following month. But hey, extra payment won’t help. We want to save fast, Reducing expenses will do. You can cut the food expense or slash the movie night. But instead of dividing your pizza to small bits, Why not have a bigger size? Why not earn extra to cover your shortfall.

  1. Earn extra    

Earning extra could help you a lot. Imagine having a spare amount to cover your short fall. It is like having a friend lending you some money, but this time it is your own extra dollars. It will also help you not to use your savings. Just be careful not to indulge yourself too much once you have your extra pay. You can earn extra by doing extra hours at work. You can use your talent, Say you can maybe write, tutor, cook or draw. It is maybe the time to discover your hidden skills so you can make money out of it. You can also sell some valuable stuff that you do not use anymore.

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Smile and Laugh

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Posted in Money matters

The health benefits of taking a nap backed by Science

sleep

I remember our parents would always put me to sleep in the middle of the day when I was in elementary grade.  It was so hard when I feel so alive to play. I remember complaining and even hiding in our neighbor’s house just to avoid taking a nap.

Now as a working adult, taking a nap is a dream come true for me. When I only have an hour for my lunch and I feel my eyelids closing on their own. It is so nice to doze off and travel to dreamland.

Taking a nap has more good benefits that relaxing our body.It must be included in our daily routine. Our body needs it just like how it needs food and medicine.

Naps can improve our health, intelligence and productivity.

The benefits of napping

  1. Makes you alert
  • A study conducted by NASA said a 40 minute nap increases alertness by 100%. Other studies showed that a 20 minute nap is more effective than a coffee or exercise.
  • Studies have shown that taking a nap could make your remaining hours of the day as alert and energetic as you were on your first half of the day.
  1. Makes you sharp
  • Taking a nap improves your memory if you are working on a complex task where you have to pay attention on one thing and have a load of work on the side. If you multitask, consider taking a nap during your break to help you focus with the tasks at hand.
  • It improves memory retention. During sleep recent memories are being solidified and stored.
  1. It prevents stress and improves work performance
  • We often refuse to take a nap if we have so many works to do. Studies have shown that long hour of work without rest reduces productivity. It would be better to take a nap for a few minutes and return to work refreshed.
  1. Improves creativity
  • Napping improves sensory perception as effectively as night sleep. It also improves creativity by loosening the web of ideas and fusing different ideas.
  1. Improves Health, sexual functions and heals body.
  • Lack of sleep increases the stress hormones, abdominal fat and weakens the immune and muscular systems. It decreases growth hormone and testosterone in the body.
  • Taking a nap gives your body a chance to rest and heal. It primes your sexual functions, reduces stress, anxiety and repair muscles and aid weight loss.
  1. Makes you happy
  • The neurotransmitter serotonin regulates our mood, sleep and appetite. It produces a happy feeling. But when our body is stressed it blocks the serotonin production resulting to being anxious, irritable, depressed and overwhelmed.

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