7 Budgeting Mistakes to Avoid


budgeting

Budgeting is crucial to efficient and effective financial management. When we don’t budget, we end up either squandering money or missing out on paying for important and/or time sensitive transactions.

Note that the lack of budgeting is the very reason why the poor remain poor–because they don’t take time to think about what they want and research on how much it will cost.

The question is, how will you know what to spend your money on if you don’t budget? Remember that there is more to living than paying bills. Therefore, take control of your finances and establish budgeting as a mandatory act.

Below are 7 budgeting mistakes to avoid.

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Mistake 1:

When you don’t stick to your savings plan, or when you don’t have a savings plan. In order to achieve financial freedom putting away money as savings to either invest or fall back on in hard times, should be part of the game plan. If you don’t budget for your savings, you are basically rendering yourself vulnerable for financial disaster.

Mistake 2:

When you don’t update your budget plan:

It’s important to update your spending plan so that you are aware of what’s going on periodically. Get a note book, or download an app on your phone (www.everyDollar.com is a good one)) and use these tools to periodically update your budget.

Mistake 3:

When you underestimate or overestimate how much you spend: To avoid this mistake evaluate your previous month’s expenses to use as reference for your spending patterns.

Mistake 4:

When you don’t have a budget: When you don’t have a budget how will you know much to save or what to spend on?

Mistake 5:

When you don’t communicate with your spouse or people in your household about your budget standards: This applies if you have a family. You need to let your spouse know about your budgeting plans so that they spend within its limits.

Mistake 6:

When you only budget once in a while: You have to be consistent with your budget plans. It is an ongoing process, and the good news is that it gets easier with time.

Mistake 7:

Lack of budgeting before your payday: Getting money before you create a spending plan can be dangerous.  Note that by the time you create the plan, half the money will be gone on expenses that can not wait for you to decide whether you need a budget or not.

Note that budgeting is a healthy financial habit that you should embrace. Doing it right will make all the difference, and having a success infused mindset is the starting point.

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Looking to get more organized with your life and finances, check out my book, Do Not Force It, Tap The Good

Tap The Good

Dr. Jacinta Mpalyenkana, PHD, MBA is a counselor, transformational coach, corporate trainer, published author and professional speaker. For more about her, please check out http://www.tapthegood.com

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Time Management Tips For Entrepreneurs


Dont waste time

If you are an entrepreneur you know how easy it is to get distracted. Unfortunately, we are so accustomed to falling prey of these distractions and hence end up wasting a lot of our valuable time that we could use to execute important tasks to improve our businesses and lives.

Below are a few tips that will help you manage your time more wisely even if you are not an entrepreneur

  1. Prioritize Your Tasks Based On Importance. Time wasters

Establish the one thing that you can accomplish today that will make you feel like you were productive. Complete that task first.

  1. Use “Do Not Disturb” On Your Phone.  

Do not disturbIf you have apps on your phone through which you connect with friends and family, such as Whatsapp, update your profile as “do not disturb” during your working hours. Also turn off the notifications’ option from all your apps’ settings. This will help you focus on your tasks uninterrupted by the notifications’ sounds that tend to come in often.

  1. Get a to-do Listprioritize

This is extremely important as it will help you follow through with whatever you have listed. It is also a good tool that you can use to reward yourself especially if you’ve completed all the tasks on the list. Furthermore, if you are extremely busy or forgetful, the to-do list will keep you in check about what you have to accomplish.

  1. Delete Unimportant TasksDelete unimportant lists

If you keep rescheduling a task, perhaps it is not as important as you deemed it to be when you scheduled it. So, it shouldn’t be on your to-do list. If it is, do it or delete it.

  1. Assign Deadlines for Your Tasks

This will help you attend to the due tasks before their deadlines approach. You will be more consistent with your work if you actually stick to your deadlines.

  1. Avoid Time Wasters.

Do fewer things that are not making you productive, such as:

  • Watching non educational television
  • Over planning instead of doing
  • Waiting to be perfect to start tasks
  • Not knowing your priorities
  • Investing your time on face book and other social media, for fun
  • Worrying about what could go wrong
  • Keeping negative friends or staying in negative environments
  • Having no plan about where you want to go.
  • Gossiping
  • Not exercising
  • Exercising bad eating habits that will keep you weak and unfocused.
  1. Make a Procrastination List

No matter who you are, everyone procrastinates in some way. Make a list of important tasks you can work on. Save this list on your phone. Next time you procrastinate, open this list, and start working on one or some of the tasks.

  1. Make a “Waiting for” List

Sometimes we have to wait for certain things to happen before we can take action. For instance; let’s imagine that you need someone to respond in order for you to execute a particular task. Make a waiting list so that you can focus on what you can do now, and what you have to follow up on, so that you don’t forget.

  1. Block out “Me Time”self care

It’s very important to take time to clear your mind and nourish yourself. Make time for meditation or prayer, going to the gym or taking a walk or whatever else makes you feel at peace with yourself. Note that we are more productive when we feel good.

I’m certain that there are many other time management tools that you can employ to be more productive. But the above tips are a great reference.

Remember to leave comments if you have any, and also visit my website at www.tapthegood.com for all your transformational coaching and counseling needs.

Please subscribe to my channel for all the benefits you receive by reading my great tips on life’s mysteries, personal development, humor, psychological and philosophical concepts, plus and real problems, with real solutions for real people.

Looking for a great book to read, check out, Communicating Your Way to Success: Master the Art of Persuasion, Positively Influence Others, Increase Sales, and Stand Out From the Crowd.

Native Proof_5632292_Front Cover

Love and light

Dr. Jacinta Mpalyenkana, Ph.D., MBA, is a Counselor, Transformational Coach, published author and professional speaker. For more about her, visit, http://www.tapthegood.com

10 Things To Do When You Feel Frustrated With Life


Frustrate

Although there are many reasons that incite our frustrations, the main reasons are founded on two major factors: money and relationships.

We get frustrated because we either don’t have money, we are losing money or money is not coming in as expected. We also get frustrated because of the people we deal with: especially because we are all different and view the world from a diverse perspective.

One thing I have learned is that the factors that promote our negative emotions, plus the negative emotions are not as crucial in influencing our emotional well-being as our perception about them. As such, my intention is to share 10 tips that you can use to get out of a frustrated mood regardless of the foundation of your frustrations. Remember,  it is not what happens to us that impacts our lives; it’s how we perceive whatever happens.     

  1. Move

By moving, I mean, changing your physicality. Do yoga, dance, go for a walk, exercise: the idea is to get your body moving. Once your body is moving, your brain will change its focus from the frustration to whatever you are doing.

move

“The difference between peak performance and poor performance is not intelligence or ability; most often it’s the state that your mind and body is in.” – Tony Robbins

Note that emotion is created by motion. In other words, emotions are linked to movement in our bodies. Observe your posture when you are happy, as opposed to when you are sad — or what you look like when you are angry, versus when you are elated.

  1. Listen To Inspirational Or Upbeat Music.

I understand that sometimes when you are feeling frustrated or sad you don’t have the guts to listen to anything. But if you are so sick and tired of feeling negative you will do whatever it takes to feel better. Some of the songs I listen to when I’m sad include, but are not limited to the following:

  • The Storm is Over – R Kelley

  • A New Day Has Come – Celine Dion

  • Roar – Katy Perry

  • Departed (Right Here) – Brandy

  • I look to You – Whitney Houston

  • I’m Your Angel – Celine Dion and R Kelly

  • When You Believe – Whitney Houston and Mariah Carey

  • Stronger (What Doesn’t Kill You) – Kelly Clarkson

  • One Step at a Time – Jordan Sparks

Note that it is important to spend time making your own list.

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         3. Clean

Cleaning your space has a magical way of making you feel better. As you clean, your mind goes into the cleaning mood.  As such, you implicitly clean the frustration from your mind.

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  1. Imagine receiving $1 Million in your bank account; make a list of how you would spend it.

Imagine

  1. Cook

Just go into your kitchen and concoct recipes regardless of what you are cooking. The process will definitely help you divert your mind from the frustration.

Cook

  1. Change your furniture around. Don’t try to be perfect. Just change things around in whichever way you want.

    Change furniture

  1. Go window shopping 

    Window-Shopping

  1. Meditate.       

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  1. Volunteer

This will help you realize how blessed you are.

    Volunteer

  1. Make big plans.

Just make plans without worrying about the resources required to realize them. Make plans as you focus on the things you want to manifest in your life—imagining that there are no obstacles that can hinder you from achieving your goals.

make big plans

Conclusion:

Remember that the difference between where you are emotionally or mentally, and where you want to be, is only a decision away. Once you decide to change your mind about anything, you have literally embarked on a profound journey of getting to your desired destination.

Reading self-help books is also another vital tip that will help infuse your mind with self-improvement–which is a good thing. You may want to check out my book: Do Not Force It, Tap The Good – Link – https://www.amazon.com/Do-not-Force-TAP-GOOD/dp/1461079098

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Love and light.

Dr. Jacinta Mpalyenkana, PH.D, MBA, is a published author of 5 books, a Transformational coach, Counselor and Professional speaker. For more about her, check out her website at www.tapthegood.com

A Tip to Dis-empower The Real Reason Why You aren’t Taking Action


In this video, I share a tip about how to establish and dis-empower the real reason why you might not be taking action. I’ve learned this tip over years counseling and coaching my clients.

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Watch the video HERE.

In case of broken links, this is the URL of the video. https://youtu.be/qhBV0-CA7F4

I believe this tip will shed some light on your decision making psychology.

Love and light

Dr. Jacinta Mpalyenkana, PH.D, MBA

Counselor, Personal Transformational Coach, Author, Speaker

http://www.tapthegood.com