One of the simplest but most powerful money making ideas is this: Keep a daily log of everything you spend. Go to the dime store and buy a little notebook. Carry it with you wherever you go. Write down every penny - every single penny - you spend every day. It's as simple as that.
If you do this, you will find something magic happening in your financial life in just a few weeks.
There is something incredibly powerful about writing down all your expenditures. It makes the flow of money through your life more real and exact. It shows you simply and clearly just where you are spending your money, on what and why. Once you know that, it becomes much easier to
control your spending.
Many people who have taken up this practice have not only learned something about themselves which they never knew before, but they are often astounded.
For example, one woman realized through examining her notebook that she actually spent nearly $2,000 per year on diet soft drinks, snacks and candy bars! Since her job as a office clerk brought her a scant $12,000 per year, she realized that one-sixth of her entire income was being frittered
away on something entirely frivolous. The woman gave up the snacks and drinks, and found she had enough money to afford health insurance - plus has $400 left over. If you could choose snacks or health insurance, which would you choose?
The point is, it was her daily expense log that helped her achieve the insight and clarity she needed to get control of her finances. That's what a simple spending record will do for you - it will give you control over your spending, and thus your financial life. There may be nothing but a 75-cent notebook and a ballpoint pen between your life of financial struggle and financial freedom.
...wait the Amazing Money Tip #2...(soon)