Advertising
Advertising

How to Improve your Finances in 4 Easy Steps

How to Improve your Finances in 4 Easy Steps

Managing your finances can suck. Some days you feel like you’re going broke, and other days you feel like you’re doing pretty well. It can be a roller coaster ride. It doesn’t really matter how much money you have, or don’t have, what matters is your attitude toward your finances. Do you want to improve this area of your life? If you do, it’s going to take some work. You don’t have to be Donald Trump, you just have to understand how the small things you do can lead you to greater overall financial success.

So what do you need to know to improve your financial prowess? Here are a few ideas.

Educate Yourself

My husband passed away 2 years ago. He was a very successful businessman and he handled all the finances. I knew nothing. When he died, my son stepped in to help me manage things, all the while encouraging me to educate myself on financial matters. I had zero interest. I’m a writer, therapist and a radio show host. My excuse was “My brain just doesn’t work well with financial stuff.” The truth is, I just don’t like it, but I still had to educate myself.

Advertising

I had to start doing things I never did before, and in the process I felt more confident I could handle things. I had to learn about Mutual Funds, IRAs, stocks, annuities, selling property, buying property, and how to maximize savings.

If I can do it anyone can! Remember, knowledge brings power and power brings change. Educating yourself is easy. My son taught me a lot, but you can read articles, Google topics, take a class, or talk to your banker or an investment person you trust.

Be SMART

Setting goals in life is important. Statistics prove that people who write down their goals are more likely to achieve them.  Using the acronym SMART can help you stay on track.  This means your goals need to be specific, measurable, attainable, realistic and timely. Let’s say your goal is to pay off some debt. Don’t simply say you’re going pay off debt. Make a specific list of who needs to be paid, how much will it cost you monthly, what obstacles stand in the way, and who is going to help you with a loan, a budget, or whatever else you need to make this happen.

Advertising

Make your decision to act an informed one. Do your due diligence. Look for something that will provide you with measurable results. If I pay x amount of money to pay off my car loan, in a year I’ll have all that extra money to save. Make sure your plan is attainable. In other words, if you take out a loan to payoff your debt, make sure you can structure the payments so that you can manage them. Be realistic. Don’t bite off more than you can chew, even if you are trying to pay off debts. Finally, everything has its time. If you’re in a financial pinch, realize it may take time to straighten out your finances. You probably didn’t get into debt overnight, and you won’t get out overnight either. Steady the course.

Simplify

Let’s face it, most of us have way too much. If you take an honest look at your life, there are probably things you have that you don’t use, things that are costing you money that could be better used, or invested elsewhere. Take a survey of your bills. Maybe you can cut out cable, stop using credit cards, cancel that gym membership you don’t use, or stop eating out for a while. Maybe you can even sell some stuff on Craigslist and make some money.

Simplicity is an attitude or mindset that begins inwardly and is reflected in an outward lifestyle. We can say we want a simpler life, but unless we’re convinced we need one, cultivating a less complicated life will elude us. A simple life is a free life. It sets money and possessions in the proper place with the proper perspective. It keeps “things,” or the drive for worldly pursuits from ruling over us. It enlarges our capacity for gratefulness and sharing.

Advertising

Notice

How is all the stress and disorganization of your financial situation affecting you? You have to identify the problem before you can do something about it; to do that you have to pay close attention to what is weighing you down financially. Start by making a list of what you notice is controlling you, or stressing you out in regard to your finances. Then notice your behavioral patterns in relationship to that stress. What do you do? Do you stress spend? If so, get in the habit of taking 60 seconds before you buy something and ask yourself why you need this item. If you can’t justify it—don’t do it.

How does your financial stress affect other aspects of your life? What do you notice?

Small things like paying attention to how much you spend, versus how much you save, can really help. Survey what you spend on things that add no real benefit to your life. Financial success doesn’t have to mean you become rich, what it means is you are in control, you are stress free, you are comfortable, you are learning and growing, and you are happy!

Advertising

Improving our financial status is something all of us should desire. Start today by becoming a noticer. Remember, you don’t have to solve all your financial problems in a day, a week, or a month. It’s all about moving forward with a solid plan and specific goals.

Featured photo credit: Bing images via bing.com

More by this author

Rita Schulte LPC

Licensed Professional Counselor

How to Turn Off Negative Thoughts in Your Mind 5 Productivity Hacks to Kick Start Your Day Why Successful People Aren’t Afraid of Rejection How to Improve your Finances in 4 Easy Steps Five Things We Can Learn from Facing our Fears

Trending in Lifestyle

17 Amazing Things That Will Happen When You Do Plank Every Day 210 Surprising Benefits Of Dragon Fruit You Never Knew 311 Benefits of Almond Milk You Didn’t Know About 411 Health Benefits of Green Tea (+ How to Drink It for Maximum Benefits) 510 Benefits of Sleeping Naked You Probably Didn’t Know

Read Next

Advertising
Advertising

Last Updated on August 15, 2018

7 Amazing Things That Will Happen When You Do Plank Every Day

7 Amazing Things That Will Happen When You Do Plank Every Day

Bodyweight exercises are gaining ground in the fitness world due to the practicality and simplicity of getting in shape using your own body weight. Planks are one form of bodyweight exercises that will never go out of fashion. Planks are one of the most effective exercises you can do. Why? Because they require a small time investment on your part, and offer the chance to achieve substantial results in a relatively short span of time.

Video Summary

Why is it important to train up our core strength?

There are numerous sites and blogs which detail ways to build your core muscles or core strength. Often though, these sites neglect to explain what your core muscles actually are, and why building them is important.

This is quite surprising, as core muscles are quite easy to explain. Your core muscles are a series of muscles in your midsection, and are used in most forms of movement. Though they aren’t housed in your arms or legs, your core muscles can help transfer force from one limb to another, or are used in addition to muscles in your arms or legs to increase their effectiveness. As such a strong core will make a big improvement on your ability to move and exercise further.

Also they are great for helping other muscles in your midsection such as your abdominal muscles. Your abdominal muscles are important for supporting your back and spinal column, and as such are important aids in preventing injuries. However for them to be most effective you need to spend a lot of time developing your core muscles.

In short, planking exercises can make a huge improvement in your muscles down your whole body. Making them a hugely effective exercise to perform.

One Exercise, multiple benefits

There are few forms of exercise as effective at building your core as planking exercises. However, planking exercises benefit far more than just your core strength.

By holding yourself in the position for a planking exercise, you’ll notice that your biceps, neck, and shoulder muscles are also being tested and strained. This this encouraging their buildup and development. This is great news if you like to do press ups, developed shoulder muscles will have a big impact on your press up performance.

Advertising

When planking, you are holding yourself up through your arms and biceps and so by holding a planking position, your arm muscles are being toned and developed. Making planking a great alternative exercise to other forms of bicep developing exercises.

Moving down your midsection, successful plank exercises actually develop the muscles in your butt! These muscles tend to be ignored by a lot of exercises, so this is another great benefit of plank exercises.

In much the same way as you develop your biceps and arm muscles, holding the planking position helps develop the muscles in your thighs too.

What is even better is that planking exercises don’t take much time at all. In fact you should probably only spend about ten minutes max per day in the planking exercise.

What will happen when you start doing planks every day

    1. You’ll improve core definition and performance: 

    Planks are an ideal exercise for the abdominal muscles exactly because they engage all major core muscle groups including the transverse abdominus, the rectus abdominusthe external oblique muscle, and the glutes. The importance of strengthening each muscle group cannot be underestimated either, for all of these groups serve their own purpose. If you strengthen these muscle groups you will notice:

    • Transverse abdominis: increased ability to lift heavier weights.
    • Rectus adbominis: improved sports performance, particularly with jumping. This muscle group is also responsible for giving you the renowned six pack look.
    • Oblique muscles: improved capacity for stable side-bending and waist-twisting
    • Glutes: a supported back and a strong, shapely booty.

    2. You’ll decrease your risk of injury in the back and spinal column

    Advertising

      Doing planks is a type of exercise that allow you to build muscle while also making sure that you are not putting too much pressure on your spine or hips. According to the American Council on Exercise, doing planks regularly not only significantly reduces back pain but it also strengthens your muscles and ensures a strong support for your entire back, especially in the areas around your upper back.

      Check out this article if you would like to find out about how doing planks on different surfaces can impact the effectiveness of this exercise in strengthening your core.

      3. You’ll experience an increased boost to your overall metabolism

        Planking is an excellent way of challenging your entire body because doing them every day will burn more calories than other traditional abdominal exercises, such as crunches or sit-ups. The muscles you strengthen by doing this exercise on a day-to-day basis will ensure that you burn more energy even when sedentary. This is especially important if you are spending the majority of your day sitting in front of a computer. Also, making it a daily 10- to 1 minute home exercise before or after work will not only provide an enhanced metabolic rate but it will also ensure that that metabolic rate remains high all day long, (yes, even while you are asleep).

        4. You’ll significantly improve your posture

          Planking exercises have a great impact and improvement on your posture. This is great news as a strong posture brings with it a huge number of fantastic benefits .

          A good posture keeps your bones and joins in the correct alignment which means both your bones and joints will be better maintained and more healthy, but also means the overall effectiveness of your muscles will be improved.

          Advertising

          A good posture will ensure your back or spine is in the correct position and so you will suffer less back pain.

          On top of everything, someone with good posture looks better, healthier, and more confident.

          5. You’ll improve overall balance

            Have you ever felt that when you tried standing on one leg, you couldn’t stand up straight for more than a couple of seconds? It’s not because you were drunk- unless you happened to be at the time!-  but rather, it’s because your abdominal muscles weren’t strong enough to give you the balance you needed. Through improving your balance by doing side planks and planks with extensions you will boost your performance in every kind of sporting activity.

            6. You’ll become more flexible than ever before

              Flexibility is a key benefit of doing planks regularly, for this form of exercise expands and stretches all your posterior muscle groups – shouldersshoulder blades, and collarbone – while also stretching your hamstrings, arches of your feet, and toes. With a side plank added in to the mix, you can also work on your oblique muscles. This will provide you with further benefits when it comes to hyper-extending your toes, a movement that is crucial for supporting your body’s weight.

              7. You’ll witness mental benefits

              Advertising

                Plank exercises have a particular effect on our nerves, making them an excellent means of improving overall mood. How? Well, they stretch out muscle groups that contribute to stress and tension in the body. Just think about it: you are sitting in your chair, at home or at work, all day long; your thigh muscles get tight, your legs get heavy due to being bent for several hours; and tension develops in your shoulders due to being forced to slump forward all day. These are all circumstances that put too stress on the muscles and nerves. The good news is that planks not only calm your brain, but they can also treat anxiety and symptoms of depression– but only if you make it part of your daily routine.

                How to hold a plank position

                1. Get into pushup position on the floor.
                2. Now bend your elbows 90 degrees and rest your weight on your forearms.
                3. Keep your torso straight and rigid and your body in a straight line from ears to toes with no sagging or bending.
                4. Your head is relaxed and you should be looking at the floor.
                5. Hold the position for as long as you can.
                6. Remember to breathe. Inhale and exhale slowly and steadily.
                7. When your form begins to suffer, pull the plug. You’re only benefiting from the plank by actually doing the plank.

                Watch the video if you have any doubt!

                Here is a great infographic that shows the best plank variation exercises to evenly target all abdominal muscle groups:

                  How to improve your plank time gradually

                  1. Start with the easier variation if needed. You can start with a bent-knee plank if you can’t perform a regular plank yet. If you can hold a plank for more than two minutes with ease, you can move on to these tougher variations.
                  2. Practise every day. Space your planking exercise throughout the day and do 3-4 times every day. Try to hold the position 10 seconds longer each time.
                  3. Perform other body-weight exercises at the same time. Push-up and squat will improve your core strength too.

                  Are you ready to devote 5-10 minutes of your day, every day, to stay fit, healthy and, most importantly, strong as a bull? Then jump in and make doing plank exercises a part of your life.

                  Who Should Be Cautious Doing The Plank?

                  You need to be cautious doing Planking exercises if any of these risks apply to you:

                  • Prolapse
                  • After prolapse surgery
                  • Pelvic pain conditions
                  • Weak or poorly functioning pelvic floor muscles
                  • Previous childbirth
                  • Overweight

                  Choose an alternative pelvic floor abdominal exercise or consult your doctor before performing plank regularly.

                  Read Next