7-Day Financial Reset: Take Control of Your Money Today
Chartered Accountant Nitin Kaushik has introduced a practical '7-day financial reset' to help individuals take control of their money. The plan focuses on realism, daily self-awareness, and actionable progress, steering clear of complex investments or jargon.
Kaushik's method begins with facing financial reality on Day 1, by assessing all bank balances, credit card dues, and loan amounts. Day 2 involves tracking expenses, including minor outflows that contribute to financial stress. Day 3 encourages reflecting on spending habits and cutting one recurring cost that lacks genuine value.
Day 4 introduces the principle of 'pay yourself first', automating even a small saving to build financial discipline. On Day 5, individuals are challenged to consider additional income sources, such as small freelance gigs or selling unused items. Day 6 involves crafting a personalized budget to allow spending, saving, and enjoyment without guilt. The 7-day reset concludes on Day 7 with setting a 30-day money goal, like saving a small amount or clearing a loan.
Nitin Kaushik's '7-day financial reset' focuses on small, intentional actions to rebuild financial confidence and discipline. By following this practical plan, individuals can regain control of their money and make informed decisions about their financial future.
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