7 Budgeting Mistakes to Avoid


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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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THREE TIPS TO INSTANTLY RESOLVE NEGATIVE FEELINGS


In this video, I share three proven tips to help one resolve negative feelings however intense.

Link to video – https://youtu.be/IR_RoWjZ50I. Just copy and paste the link in your browse.

Love and light

Dr. Jacinta Mpalyenkana, Ph.D., MBA

Counselor, Success Coach (EFT Master Practitioner, NLP Master Practitioner, Quantum Mind Healer, Reiki Master), Professional Speaker, Author

http://www.tapthegood.com

 

Three Steps to Become Enthusiastically Focused


So, let’s assume that you’ve determined what you want, and why you want it.  You have also established that you have all the practical and mental resources you need to execute the required tasks towards achieving your goal. However for some reason, you can’t focus. You are not inspired to take action. And you keep wondering what could be wrong. In this article I share three tips to help you become enthusiastically focused.

Well, you are not abnormal. For the most part, lack of focus is all based on fear: the fear to fail…the fear of being disappointed especially if you’ve embarked on projects in the past that haven’t succeeded. So what do you do? Here we go!

  1. Go back to the drawing board and establish why you want to achieve that goal. What will you emotionally or financially benefit if you achieved your goal? What will your rewards be? Be as specific as possible. Write it down. Read your reasons, and re-write them if that’s what it will take to be clear. Don’t rush. Take your time.

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2. Establish what you will lose if you don’t take action. Will you lose freedom, friends or status? You know the answers. Write these answers down. The idea is to be honest with yourself.

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3. Determine the first step you will take towards achieving your goal. Make this step simple and easy. The simpler it is, the better it will be for you to embark on it. For instance, if your goal is to write a book, set a goal as simple as writing half a page a day, or writing for 10 minutes. Make the first step fun and easy. Do not overwhelm yourself.

First step 2

If you follow the above steps, you will get very clear about why you want to achieve that goal, and then get focused to taking action. If you write everything in a “contemplation note-book” (get one if you don’t already), focus, won’t be a problem. The idea is to remove any stress or fear that you’ve attached to your goal.

Last but not least; I once heard this saying: “God will give you food but he won’t cook it for you.” If you want something, you have to do something about it. You have to focus on it. There are no shortcuts. There is no magic. Nothing happens if nothing moves.

If you need more help with getting clear on your goals, or letting go of negative emotions that no longer serve you, I have a resource for you. Check out www.tapthegood.com/contacts/ fill in your details, and I will schedule you for a complimentary 15 minutes’ counseling and/or success coaching session.

Love and Light

Dr. Jacinta Mpalyenkana, Ph.D, MBA

Author, Counselor, Success Coach, Professional Speaker

http://www.tapthegood.com

Jacinta 3-5-11

4 Psychologically Proven Ways to Manage Your Time


“The two most powerful warriors are patience and time”
Tolstoy

  • We all have 24 hours in a day. However, it is amazing how others have been able to achieve more and others less. In this article I share 4 psychologically proven ways to help you manage your time more efficiently.
  • Identify areas of your life where you are wasting time and try to reduce these. A good way to do this is to log everything you do for a week in meticulous detail and then examine your record to see how you use (or misuse) your time.waste-time
  • Develop a regular work routine. Keep your work space tidy so that you can work efficiently – it’s hard to do this if things you need to find are buried under a pile of papers.Neat-and-Organized-Work-Desk-700x466
  • Work to schedule so that you meet deadlines in good time; don’t leave everything until the last minute

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  • Use a time log

One useful way to eliminate wasted time is to use a time log. First you need to make up a chart for the next seven days divided into half hour intervals starting at the time you get up and finishing at the time you go to bed. Write down what you did in each half hour of the day for the next seven days. Choose a typical week.

At the end of the week examine your time log and ask yourself the following questions:

  • Are there any periods that I could use more productively?
  • At what time of day do I do my most effective work? Some people are most alert in the morning, whilst others concentrate best during the afternoon or evening. Schedule your most important tasks for these times of day.

If you have followed the above tips, by now you should be able to identify ways in which you could manage your time more efficiently.

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To access more valuable free resources on how to manage your time more effectively, please subscribe to our blog, and join our face book page at https://www.facebook.com/groups/135779656849289/

If you want to take this even further, check out my website at www.tapthegood.com/contact/, fill in the details, and I will schedule a 15 minutes complimentary session to get you started on how to live life on your terms.

Love and light

Dr. Jacinta Mpalyenkana, Ph.D, MBA

Counselor, Author, Professional Speaker, Success Coach

http://www.tapthegood.com

EFT Session to Let go of the Negative Past


In this short EFT session, you will get to tap to release the negative past. This session will help you let go of negative stories, so that you start believing and enjoying the new positive experiences that represent your new story.  

Link to EFT to session – https://youtu.be/LKoVNo3bo_g

Please share with those who might need the session.

Happy Tapping. 

Love and Light

Dr. Jacinta Mpalyenkana

http://www.tapthegood.com