We always seek ways to maximize money in our lives. To do that we have to make money in our life a lot more efficient.

Minimizing the financial stresses in our lives should be a priority. And at the same time, we have to learn to be a lot more efficient and emotionally comfortable with having money in our lives.

So here are 10 ideas or tips for you to apply in your personal finances, so you will quickly feel the benefits and feel financially lighter.

1. Have only one bank.

Now within that one bank, you will have one everyday account with an attached ATM debit card.

Then attached to that one ATM everyday account, you should have three online accounts. Now the reason to just pick just one bank account is that when you log on to that one bank account, you can see your entire financial situation from a cash flow perspective.

You log in to one place and you quickly and efficiently see everything about your cash flow right then and there.

And you use that ATM debit card to pay for everything.

Now, what about the three remaining online internet bank accounts.

One is for your life and emergency account. That is where you stockpile for all those infrequent, quarterly, biannual, annual expenses. And things that just happen in life, on top of your emergency money.

The second online savings account is your lifestyle account. This is where you can put money for your lifestyle goals. Such as saving up for a holiday, maybe buying new investment piece for your wardrobe or upgrading your laptop.

Whatever your lifestyle goals may be. That is where the money goes for that particular goal.

The third online savings account is your financial goal account. Now, this is where you put money in for your future financial investment whether it be to eventually save up money to sign a share portfolio or maybe even a deposit for your first home whatever it may be.

But do have three online bank accounts all linked to that everyday account

2. You should have one or no credit cards

In this day and age, you don’t have to have a credit card. You can quickly and easily pay for things online using that ATM debit card.

Also by having one or no credit card, it means you’re not wasting money on fees. However, if you are someone who is very responsible with your credit card and you pay it off in full each month and you appreciate the benefits that come with a credit card such as free travel insurance and frequent flyer points, that is absolutely fine.

But just have one. This also means that if you ever get into a little bit of credit card debt, it is contained to one credit card which means it’s quicker and easier to pay it off and getting it back on track with your finances.

And of course, if you do have one credit card make sure it has the benefits that are right for you. Don’t just go for the credit card that has the maximum benefits because you may not be making the most of those benefits

3 Remove all those store cards membership loyalty program cards from your wallet and unsubscribe from them often when we have these types of memberships or subscriptions

They just encourage to spend more money in their store. Often buying things that we simply do not need it is a complete and utter financial destruction Remove them!

4. Better manage your social media from the financial point of view

We should all know that social media can be really toxic to our mental health and that we can get encouraged to buy things that we don’t necessarily need or want.

Social media can be incredibly powerful so why don’t you detox or declutter your social media by taking away all those people or brands that you’re following that tend to encourage you to spend money. Replace them with people that inspire you, motivate you and empower you. For example, I love to follow the debt-free community. All these people will post up their financial goals share with everyone their challenge struggles and everyone helps support each other and contribute ideas to help people get back on track.

It’s incredibly inspiring and incredibly motivating.

5 Clean up your internet banking

Go through your pay accounts and look at the accounts which those people don’t exist in your lives and remove them. When you use your internet banking it’s supposed to be quick and easy and efficient to use. It is not if you’re having to scroll through long lists of people that you don’t actually transfer money to or pay money to anymore. Simply delete them off your internet banking. It will make it so much quicker and easier for when you do use your internet banking.

6. Lighten your wallet

Go through your wallet remove any old bits of paper and receipts and junk that it’s just simply clogging up your wallet. It will also free up the energy of money in your life. And as it is mentioned in the other tip remove those old store cards and loyalty programs and membership cards.

You don’t need them another great idea is to remove the flow and heaviness of coins in your life. Every day when you come home why don’t you put the coins in a jar that you keep next to your hall table. So when you come home you’re not weighed down by these anymore. As the jar increases and gets full take it to a bank deposit into one of your lifestyle or financial goal accounts so you can actually feel the benefits of this new habit.

8 You only need one retirement account.

Your retirement savings account in Australia that’s called superannuation in the U.S. It’s your 401k plan or RSA account and in Europe, it’s your pension account. You only need one of these accounts. You do not want multiple accounts all over the place. You’re wasting money on fees and also there’s a lot of extra paperwork in your life that you don’t need. This is not great for the environment also. Now when you’ve consolidated all your retirement money into the one account make sure that money is invested for the long term which means typically having a higher asset allocation to long term high-growth investments, such as shares, international shares, and property. But of course, make sure you understand your risk profile.

This also means it’s really easy to keep on top of how much money you have retirement savings account whether it be super an RSA 401k or a pension account you know how you’re tracking towards your financial goals for a healthy long and luxurious retirement.

9. Remove your financial danger zones by being aware of when you get that temptation to spend money

Avoid going to the shopping mall or make it a really quick in-and-out trip. Don’t spend your spare time wandering around or looking online on your favorite stores. Also for things like takeaways and home deliveries, know that when you’re feeling tired you tend to waste money on those things. So pre-prepare so you have healthy food in your fridge already.

Do your food planning, do your meal prepping all those things to remove and minimize financial danger zones in your life.

10 Minimize and remove those financially self-destructive mindset beliefs.

Things like getting caught in the trap of ”Well, I can afford it” Just because you can afford something doesn’t necessarily mean you should go ahead and buy it.

Remember, spend time being really conscious and aware of any self-destructive toxic mindsets you’re having.

There are a lot of people out there who have this incorrect toxic unhealthy attitude or mindset that was planted in them at a very young age that they’re not worthy of being financially free and independent. That is complete and absolute rubbish.

There are a lot of fantastic blessings that come from being financially secure in it and independent. Such as having more time, more time to spend to be with the people that you love. So take time to really honor your financial habits. Take time to explore and remove those toxic financial mindsets and attitudes that you have around money.