Ladies of Hive Community Contest #134 - Planning and Managing Finances
Let's look at what @Ladiesofhive - Contest brings up this week. It's all about finances and passion of life.
1️⃣ Some individuals are excellent planners when it comes to money matters. Others are not. If you are financially secure, how and when did you become so? If not, how do you plan to become secure in your finances?
~ 𝐀𝐍𝐃 / 𝐎𝐑 ~
2️⃣ A passion is a value that one holds dear. What are you passionate about in life? If you have not yet discovered a passion, what would you like to be passionate about?
I will write a bit on both of them
I will not so that I am an expert planner, but I can say that I am good at this job. I was not always very good at it. I was very very poor in managing my finances till almost 15 years back. My expenses would always go overboard then my income. I would use credit cards and then struggle to pay up. A friend of mine suggested in those times that I should start noting down all my expenses and then match up with my income and that will help me to keep a check on my finances.
I started with that. I started working on an excel sheet where I would make month wise tables income coming in and the possible monthly expenses against that. In that manner I have been able to keep a track and control over my expenses. noticed that some months were light and some were heavy, like the birthdays, anniversaries, new year, all these celebrations required extra money. I would accordingly adjust the expenses in the months to make sure that it is never going above my income.
In the beginning it still went haywire in couple of months, because I could not anticipate every expense. For one full year I made a note of every possible smallest of expense occurring, then for the next year, I started considering all of those while budgeting, and also kept some additional for unknown emergency ones. Over a period of 3 to 4 years times, I started improving on my savings and managing my finances. Now it has become a very regular day to day habit for me to keep updating my excel. I can say my life runs on excel. This has helped me not only to balance my expenses against the income but also helped me in my long term financial planning. Because now I am organized, I know that I have to remove a certain amount for my long term savings and it also helps me keep a track on the performance of my savings.
Now besides my income and expenses which get noted , every possible planning I do on the excel. Like planning for a holiday or any occasion or my life goals. I am able to break it down to the minutest level of planning and it works best for me. I tell my hubby and son that if something ever happens to me, you just need to look at this excel to know everything you would want to. On a monthly basis I take a backup, so that if ever I lose the excel due to any technical reason, I have the back up and it's a loss of only few days data.
What am I passionate about in life?
This one I will keep it short. I am passionate about Healing work. I like to keep enhancing my abilities in this field by learning new techniques and modalities. By dedicating time in making myself better in it. I want to make a difference in people's lives in whatever way I can. This journey started for me around 12 years back, when I myself was in a very messy state in my life and a healer friend helped me come out of my situation with her healings on me. I was very touched by it and decided that I am also going to make this difference in other's life. Since then, I have learned a lot and also helped many people. It is not my profession; it is my passion and I do it when I am in my best state of mind to bring optimal result for the person.
Thank you for visiting my blog. 👼🏻👼🏻💖💖🌹🌺🌸
 |
|
|
|
Wow! You did it very well. I like how you put it into details and you even told your family members to look at it as their guide Incase when you are gone.
That's really a good idea of budgeting and spending.
Thank you, these days we have to be practical and let our family members know in our absence how to move forward to avoid any hassles for them.
That's a great idea. Thank you so much for sharing your practices.
Practice makes perfect in this case. Managing our finances is not easy because we are prone to spend and spend. The excel sheet is a great idea to keep track of expenses and guide our spending. Thanks for sharing. 🙂
It has been my game changer from struggling to being comfortable managing my finances
I am particularly of the view that this is the best form of administration; to note expenses adjusted to income so as not to spend more than we have. Greetings💐🌻🥀🌷🌺🪷🌹
Thank you. I too feel the same, and I have become so much organized in this manner
It is good to be a healer and I wish all men will learn the healer's art because that way, the world will be a better place.
Thank you. I too believe that everyone should learn some self healing techniques.
Hello @nainaztengra. I have learned that it's not how you start out, but how you end up. When you say that you were a mess in the beginning, but slowly started documenting your income to expenses in Excel, I can say that I took the same approach when I was a young adult. I'd make lists and extensive spreadsheet calculations. They worked for me too.
When you talk about passions, I admire your interest in Healing when you say:
Thanks for sharing your story of gaining financial independence and your passion. I appreciate it.
Take care.
!ALIVE
@nainaztengra! You Are Alive so I just staked 0.1 $ALIVE to your account on behalf of @justclickindiva. (4/10)
The tip has been paid for by the We Are Alive Tribe through the earnings on @alive.chat, feel free to swing by our daily chat any time you want.
Thank you for bringing up this powerful question and allowing each one to share their ways. I believe in forums like these we learn the best practices of one another.
Wow....you seem to be on the right track. There are so many people that don't know how to spot the things they want but you have succeeded in building something that works for you and that's truly commendable.
I hope your passions which are wholesome by the way gives way to even greater opportunities for you.
Thank you, when you get in a mess at some point of time it will hit you and you will want to improve from there on, that's what has happened to me as well
Picking up the pieces and starting afresh. That's amazing!
I always struggle to manage my finances back then, but now I am working out hoping that I can manage all my expenses well. Thank you for sharing this :)
That's wonderful, a turn around is always needed
Really impressive financial strategy👍🏽 making use of Excel has been a struggle but will try to make the effort. Thank you🙏🏽
I am addicted to it now...hehe
You have such a beautiful idea. In which the budget can be withdrawn even at the end of the month. It depends on us how much we spend and how much we earn for the whole month , thanks for sharing 🙏
It does help a lot, and that's right it evenly distributes the budget throughout the month
That's how I started, a simple book keeping software and a Spreadsheet program, it took a few years to get a handle on it and a change in shopping habits.💚
It does make us mindful about our expenses, specially when you know it's limited income vs unlimited expenses
You have received 1.0000 LOH for posting in Ladies of Hive. We believe that you should be rewarded for the time and effort spent in creating articles. The goal is to encourage token holders to accumulate and hodl LOH tokens over a long period of time