Our culture most of the time defines how we manage the money. One need to go deep to understand the root cause i.e Childhood. What did we hear about money from parents, relatives, friends, teachers and other associates.

Let us take this few initial steps and they are as follows:

1. Every day one in morning and once in evening do this declaration by placing your hand on your heart and say…

a. I am truly grateful for all the money I have now.

b. I am excellent money manager.

c. I play the money game to win.

d. My money works hard for me and makes me more and more money.

e. My intention is to create wealth and abundance.

f. I earn enough passive income to pay for my desired lifestyle.

g. I Love Money.

h. I admire and model rich and successful people.

i. I get rich doing what I love

j. I am financially free. I work because I choose to and not because I have to.

2. Keep always thinking of abundance in life.

3. Document your expenses in different categories

a. General : Which should include all day to day and monthly expenses like Rent, Electricity Bill, Water Bill, Food, Clothing, General Medicines, Personal Loan EMI, Credit Card Payments etc.

b. Emergency/Contingency : Life Insurance Premium, Health Insurance Premium and Insurance Premium. If you are allocating any fixed amount for some unforeseen events.

c. Personal Expenses : Amount spend on you including habits like smoking, drinking, restaurants, food home delivery etc.

d. Education : Children and Self Education.

e. Contribution / Charity : This includes helping any of your close associates who are in need.

4. Define your Financial Goal for next 1 Year, 5 Year and 10 Year. Have a clear GOAL Card and keep looking at it every day.

5. Practice documenting your daily expenses.