Simple steps to improve time management and save money!

Now this may seem so simple to some people but recently I started applying electronic reminders to my life and it has reduced stress, given me space to think and saved me bank charges which has had a positive effect on my credit rating!

So what tools do you need?

1. 5 minutes 
2. Electronic calendar

In today's modern fast paced lifestyle we rely on the digital world.  One method people use is  setting up direct debits to pay bills.  In one respect this is great, as things get paid on time. Another tip to SEE where you money is going is to take 5 minutes and set up reminders on your electronic calendar.  This can be on you computer using a software program like  Microsoft Outlook or  a web based provider like Google Calendar. 

What this enables you do is:

1. Set up reminders on a reoccurring basis for example daily, weekly, monthly or yearly.
2. Set them up in such a way to send you an email or text message NO COST.
3. This gives you the opportunity to review your spending habits and feel more organised.

A prime example for myself is I wish to pay as much as I can afford a month towards my outstanding credit card bill.  The way I motivate myself is not to have it on direct debit but to set up a reminder each month.  I then have the opportunity to go into the account, see how much the minimum balance due is and top it up with as much as I can afford.  I feel a sense of achievement  actually SEEING the amount reducing and knowing that I can pay it off sooner.  

This has a positive effect on one's credit rating.  You might even notice a few letters from the credit card companies offering a higher credit limit.