How To Get Your Finances In Order

Personal finance can be overwhelming — especially if you don’t know where to start.

That’s why you should start learning about money on a small scale. With a little time every day, you can learn how to get your finances in order fairly easily.

That’s what I did. I started learning about personal finance by listening to podcasts on my commute. A few short years later and I couldn’t be more confident about how to make and save money. This wouldn’t have happened without those early years of committing to a few minutes every day.

 

Commit to 20 Minutes To Get Your Finances In Order

So, instead of feeling like there is so much to learn and you don’t know where to start, my challenge to you is to commit to 20 minutes every day.

By committing to this habit of learning about money for 20 minutes every day, you can change your financial future. You’ll learn how to manage your money and make more money so you can achieve your financial goals.

All it takes is setting aside a specific time every day dedicated to learning about money. I find doing  this at the same time every day (e.g.: 6:30am-6:50am) seven days a week works best. You will be in the habit of it, which will take the need for motivation out of the equation.

During my commute to and from work, I used to listen to Dave Ramsey and Suze Orman on my podcast app. This is how I learned about getting out of debt, saving for retirement, and making money. Ultimately, it led to me starting this blog and making more money, too. I would not be where I am today without listening to those podcasts during my commute.

No matter how bad your finances are now, or how much you don’t like the subject — you can change that. You can master your money and it starts with committing to just 20 minutes a day.

 

What Should You Do During The 20 Minutes?

What should you do in the 20 minutes you commit to personal finance every day? There are lots of options.

Here are a few of my faves to get started with learning about money:

  • You can read personal finance books.
  • You can subscribe to personal finance blogs (subscribe to my blog here) and read them regularly.
  • You can listen to financial podcasts (like Dave Ramsey, Suze Orman, or Bad With Money by Gabby Dunn).
  • You can spend time on your own finances, by organizing and budgeting your money.

Start with whatever is easiest for you. If it’s listening during your commute, do that. If it’s reading blogs during your lunch break, do that. The easier you make it, the more likely you’ll follow through.

I recommend switching it up from time to time, too. Start with a personal finance book, then move on to listening to a podcast, then to blogs (or whatever order you prefer). Remember to spend time analyzing your own finances, too.

It’s a combination of these activities that will help you master your financial life over time.

Twenty minutes is not a lot of time. But 20 minutes every day for months on end is a lot of time.

You will surprise yourself how much you’ll learn in one year if you do this. It changed my life, so I know it’s possible for you, too.

 

Why 20 Minutes?

Twenty minutes a day is manageable. That’s why you should start there — with a small commitment.

Learning everything there is to know about personal finance seems crazy. So, if you’re like most people, you won’t do anything at all.

But 20 minutes — who can’t spare 20 minutes in the morning or right before bed or during lunch? I can find 20 minutes. You can find 20 minutes. It’s doable. And it will move you forward.

20 minutes a day turns into a habit. You’re constantly feeding new information in small doses into your mind. At the time it may not feel like a lot, but over time it will make a huge impact on your life.

It’s your habits that determine your success. It’s the little daily disciplines that become the difference between failure and success. So, if you want to be successful with money, start with 20 minutes a day.

So that is why 20 minutes is where you should start.

 

My Experience Doing This

As I said above, this is how I started learning about money. But I also do this in several areas in my life.

Whenever I want to learn something new or accomplish something that seems overwhelming, I implement this rule.

For example, when I was in law school, I went to The University of Dayton School of Law my first year of law school. I knew I wanted to transfer, but I couldn’t find the time to apply (literally it’s insane how much reading I was doing). So, I committed to filling out transfer applications Sunday through Friday from 9pm-10pm. I applied to transfer to over 5 law schools during this time, and I got into my top choice – The Ohio State University Moritz School of Law.

I also use this rule for reading. I read during my lunch hour for about 45 minutes. Since this is an on-going habit, I don’t do it 100% of the time, but as long as I don’t have anything else going on, I spend it reading. If I didn’t, I don’t know when I would find the time to read for pleasure!

The point is that when I feel like there isn’t time, I make time by starting small. Consistency and repetition are key to success. I section off a manageable portion of my day to accomplish my goals – financial and otherwise. And that is what the 20 minute rule is all about.

 

A Final Note!

It’s okay if you’re not where you want to be financially right now.

Just know that it doesn’t have to stay that way! You can change it. You just have to take action.

Commit to 20 minutes every day to learning about personal finance. Spend that 20 minutes reading personal finance books, reading blogs, listening to podcasts, and budgeting.

20 minutes every day has the power to change your life. It changed mine! 🙂