The main thing is that he does not give up on the goal, but adapts the plan to his rhythm of life. Kidlin’s Law breaks down a large, vague task into concrete steps that are easier to accomplish. Writing down and planning actions reduces stress and increases the chances of success. Case #3. Kidlin’s Law and Order in Finances Kidlin’s Law also helps with personal finance management. Often, the beginning of any financial planning is to write down all your income and expenses.
This simple step helps you understand
Why you are short of money and how much you are short of. Problem : Maria notices that every month her money runs out before her salary. She wants to senegal phone number library start saving for a vacation, but constantly runs into a shortage of funds. Kidlin’s Law Solution: Recording income and expenses. Maria begins by keeping detailed records of all her financial transactions during the month. She records every purchase and every income.
Fixing mandatory expenses
Next, Maria identifies mandatory monthly expenses: rent payments; purchase of a travel pass; spending on food. expenses such as insurance or creativity: what it is and how you can develop it university tuition. Analysis of current expenses. Maria analyzes her spending data and realizes that a significant portion goes to unplanned purchases and entertainment. She also notices that she spends a lot on eating out. Setting financial goals.
Maria clearly articulates why she needs money
She wants to save up for a vacation and improve the quality of her diet. Understanding these goals motivates her to be more responsible with her spending. Reducing buy lead unnecessary spending . Having realized how much money she spends on unplanned purchases, Maria decides to limit spontaneous spending and cook at home. It is much cheaper than going to a cafe.
Planning additional income
Maria realizes that saving money is not enough to achieve her goals. She begins to think about additional earning opportunities. Therefore, Maria begins to work on more complex projects. Having written down and clearly defined their financial needs and problems, a person begins to understand how to close them. They become more attentive to their spending. The process of saving money becomes more meaningful and effective. Case #4. Kidlin’s Law and Interpersonal Relationships Kidlin’s.