Perform a Personal Audit

Taking a personal review, or personal audit, of your own finances is no easy task but well worth it in the end. A personal audit allows you the chance to take a solid review of everything you’re spending money on, when you’re spending the most, where your income is being generated and even what may be the most profitable for you. Sometimes it’s extremely helpful to know where you are generating the most income to determine if you’re spending your time in the most productive/cash flow prioritized manner. If you’re an entrepreneur, this can help you identify the clients you need to be focusing the most on. What if two are generating 10 percent of your income but taking up 80 percent of your time, while one is generating 90 percent of your income? Perhaps it’s time to ditch the two 10 percents and focus more and your big ticker client! If you’re in a steady full-time job, it’s probably pretty obvious where your main paycheck comes from. But have you taken the time to find out if you’re more productive during certain tasks or times of the day? See if you can delegate minimal work that is taking up tons of time while focusing on the most productive. Your boss will definitely notice the increased initiative to create better profit and productivity for the company. Audit is a scary word, but it can be a great thing to help you take control of your finances, time and productivity. Get started on one today!