The ideas of protecting your finances and enjoying your life are not mutually exclusive. In fact, you can have it all, to a certain degree, at least. When you make smart decisions regarding how you save your money and what you choose to spend it on, you can live the life you want with the things you want to have. Continue reading to learn how to make it happen.
Drive the Car You Want
Sometimes, the idea of owning your dream vehicle may seem beyond your reach – just a dream. Luckily, you do not have to give up on your dreams. You can still purchase the car you want; you just need a slight paradigm shift. Instead of purchasing a brand new vehicle, it is time to consider a previously owned vehicle, such as an approved used Jaguar. With this option, you still get the make and model of your perfect vehicle, but with a different price point.
Once you have your gorgeous Jag in the garage, you need to take care of it. Proper car care is an essential part of protecting your finances. After all, you are wasting money if you allow your car to break down due to negligence on your part. Pay attention to the manufacturer’s maintenance schedule and follow it to the letter. Schedule appointments for any concerning sounds or alert lights that pop up on the dashboard. Preventive maintenance will keep your car running and help you save money.
Assess Your Money and Set a Budget to Live Your Life
If you want to enjoy the finer things in life, such as going on holiday or spending your summer holiday near your home base, know that these are easily attainable goals that you can turn into a reality. All you need to do is think about how you spend your hard-earned money and take a different approach to your savings and spending strategies.
The first thing you should do is create a budget. This initial part will take the longest, but it is important to understand where your money comes from and where it goes. Begin by compiling all of your bills, autopays, banking and financial statements, pay stubs, and receipts. Next, input everything into a spreadsheet, computer program, financial tracking app, notebook. Enter every bill, including monthly, quarterly, biannual, or yearly fees. Break down fees and interest if you do not pay your credit card bills in full every month. Add any income you receive, even if it is only a small dividend. Once you are finished, do the math. Determine how much you spend on everything from food and entertainment to utility bills and your rent or mortgage each month. Factor that against your monthly income to determine how much money you have left over.
Watch this video for guidance from an accountant on how to budget for your summer holiday.
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Living a good life and having the money to cover it go hand in hand. Pay attention to your money so you can have the things you want and enjoy them. Enjoy your car, go on holiday, and have more fun when you make good financial decisions.
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