Eight Steps to Tackle the Money-Saving Process (Part 7)
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Part 7: The Three R's - Review,
who has tasted success, has in some way or another taken into
account the "three R's" - Review, Revise, Retry.
How do I know this? Reason being,
nobody is perfect, so no one will be able to do a perfect, flawless
job on the first attempt in anything whether it's for work or
pleasure. This is nothing to be ashamed of, it's just a fact. We as
humans have flaws and are imperfect. But our determination,
creativity, and willingness to adapt, allow us to achieve the things
we set our minds on.
What will determine your success in
this budgeting/money saving journey will be directly related to the
three R's: Review, Revise, Retry.
Purpose of Reviewing
Once you have designed and
implemented your money-saving agenda for a couple weeks, take a
moment to reflect on your progress. Ask yourself these questions:
What seems to be working best right now? Is there something I know
is definitely NOT working? What was the most positive result from my
efforts? Do I have new ideas I'd like to incorporate into my plan?
The purpose of this reflection
process is to analyze your efforts to date, and decide what has been
positive, and what may need revision. You will then be able to
continue doing what works, and at the same time get rid of the
techniques that are not working.
It is imperative that you reflect on
your progress to find what is working for you, and not waste
precious time on ineffective, useless practices.
Purpose of Revising
Once you have reviewed your progress,
you may have a few ideas you would like to revise or start using.
You may find that some techniques simply need to be adjusted so that
they become more effective for you.
The revision process allows you to
take mediocre techniques and turn them into effective money-saving
This could be comparable to a writer
who has just finished the first draft of a new book. This author is
not about to ask a publisher to put this book "on the
shelves" in stores. It has to be revised, edited, proofed,
re-written, and finalized, in order to get the book as solid as
Same thing goes for the money-saving
process. You'll want to revise your plan discarding ineffective
ideas, and altering semi-effective techniques in hopes of improving
Purpose of Retrying
Now that you have reviewed and
revised your agenda and have a few different ideas you want to try
out, it is now time to put those ideas into effect, hence the title
RETRY. It is now time to retry your efforts and see if these changes
make any difference and improve your situation.
You should be able to tell rather
quickly if your revisions are helpful.
Keep in mind that these money saving
exercises are ALL new to you. Budgeting, saving money, lowering
bills, nothing will be perfect the first time, so don't expect it to
Do you think Thomas Edison invented
the light bulb on his first attempt? Of course not! There were
dozens of failed attempts, but this learning process gave way to his
success. He revised his methods and adapted to the new found ideas
and information. He was also not afraid to change his theory and
models to make way for new beliefs and opportunities. Same goes for
Don't be afraid to make mistakes or
be unsuccessful with certain money saving techniques. It's OK. It
will happen. Point is, it's important to Review Revise, and Retry
whenever necessary. If something does not work, make the necessary
revisions and try it again. This process is expected and it is a
sign of someone striving for success.
Next Issue -
Part 8: Track Your
to read this series from the beginning.