Bad with money? These dos and don'ts change the game
17 Jun 2025

Procrastination to manage personal finances can lead to missed opportunities as well as financial stress.

Knowing the do's and don'ts of personal finance is the key to a healthy financial life.

From effective strategies to overcome procrastination in financial management to making informed decisions about your money, here's all you need to know.

Follow these and you can ace your finances!

Set clear financial goals
Tip #1

Setting clear financial goals is key to defeating procrastination.

Define what you want to achieve in the short- and long-term, like saving for a vacation or retirement.

Having clearly defined targets makes it easier to prioritize your spending and saving habits.

Break larger goals into smaller, achievable tasks to keep the motivation going.

Periodically review your progress to stay on track and modify plans, if necessary.

Create a realistic budget
Tip #2

A realistic budget can be your best weapon against financial procrastination.

Begin with tracking income and expenses to get a sense of how you are spending.

Set aside money for essentials, savings, and fun without letting expenses exceed income.

Check the budget every month to see what you can do better or differently.

Automate savings contributions
Tip #3

Automating savings contributions can majorly reduce procrastination by making saving seem effortless.

By setting up automatic transfers from your checking account to your savings account/investment portfolio itself on payday, you ensure that a certain percentage of your income goes toward your savings goals every month.

This way, you don't even have to think about manual transfers, and saving becomes a seamless part of your routine.

Avoid impulse purchases
Tip #4

Impulse purchases can derail budgeting efforts and land you in debt if not managed with self-discipline.

Techniques like waiting periods for non-essential buys above set budget thresholds help make such restraint habitual.

This way, you're ensured to make decisions with your financial well-being in mind, which is a boon for long-term financial health.