Going cold turkey with your bad financial habits is sometimes the only solution to achieving your financial goals. But deciding what, exactly, you should cull when it comes to spending might require a Marie Kondo approach. Kondo, author of The Life-Changing Magic of Tidying , has a simple plan for getting rid of clutter. Using her rules , here are six steps to help you "declutter" your finances. Step 1: Commit to cleaning up This is the most important step. Without a firm commitment to address overspending, bad debt or unnecessary expenditure, your desire to achieve better financial health is futile. Step 2: Visualise the end goal Money is closely tied to our aspirations. Without it, it's impossible to achieve dreams such as buying our first home or reaching that net-worth goal. However, if you can visualise what you want your finances to look like, you can find the inspiration to carry through on your intentions. Taking a view each quarter might make your vision more manageable. Th...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.