Having a healthy relationship with the people in our lives requires putting in a certain amount of time and effort, and maintaining a healthy relationship with your money is no different. If you would like your relationship with your finances to be positive instead of complicated and stressful, then you need to put in the work to make that happen.
Remember, the way money impacts your life is largely up to you. A healthy financial relationship means not over-extending yourself and living beyond your means. To avoid this, and the stress that comes with unhealthy spending habits, you need to be committed to a budget, and that means establishing a deeper and more close connection with your finances.
Take a moment to ask yourself a few questions. Do you stick to a financial plan or do you spend your money carelessly? Do you place true value on the money you earn or do you simply spend until it’s gone? To put things in perspective, take a moment to figure out how many hours you will need work to fund a trip to the grocery store or a night on the town. If you find that either of these simple activities sets you back more than a day’s wages, then you are probably spending beyond your means.
If you want to avoid the need to search for “title loans near me” every time you are faced with an expense you can’t afford, then it is probably time to take a step back and reexamine your relationship with money, the value you place on it and the way you spend it.
After a long week or weeks of working, you finally receive that long-awaited check for the services that you have provided, and this is usually the point where the cycle of living from paycheck to paycheck begins. You get paid, spend the money and then wait to get paid again. It is a financial roller coaster that can be difficult to get off of. But by taking a moment to appreciate the number of hours it takes to earn your pay, you will quickly become more mindful of the way you spend your money in the future.
You can often get stressed about the importance of money and just how much it takes to simply keep up with your monthly expenses. It is only when you look at money in a different light that you can appreciate what you have and exactly what you need to live a comfortable life. By thinking optimistically and taking on your finances with a positive attitude, you may find that all it really takes to get your finances back on track are a few simple adjustments. But first, you need to separate your wants from your true needs. Once you can accomplish that, you will be on your way to a more positive and fruitful relationship with your money.
Committing to and sticking with a budget is a huge part of a forming a healthy relationship with your money. Any relationship, whether it is personal or financial, can crumble without a strong commitment. Simply setting aside time each week to go over your expenses can be the first step toward building a healthier relationship with your money. All it really takes is a few hours one day a week to review your bills and bank statements to keep track of your spending. By making this commitment to yourself and your money, you will catch bank errors, avoid late fees and be a better steward of the cash you work so hard for.
Money is simply a vehicle to get you where you want to go in life, so be good to your money and your money will be good to you.