You’ve been made to believe several money myths and these might be the reason why you’re struggling financially.
If you’ve read the article I wrote about money myths, then here are more money myths you might need to revisit.
Work Less, Save More, Live More
What do you see?
Are there old receipts, bills, coins, photos, credit cards, discount cards, IDs, etc?
A fat and a bulky wallet is not always a sign that you have a lot of money. It’s most likely a sign that you are disorganized.
Sudden hospital visits, accidents, house repairs, major car fix, typhoons, disasters, or and unemployment.
Do you have money to spare if any of these things happen?
In case your answer is none, think again.
If you’ll be using your credit card, take out a loan or borrow money from other people is your solution, you might find yourself drowning in debt later on.
Do you still remember your new year’s financial resolution?
How did it fare?
Are your financial goals closer to reality?
Or do you think you failed?
It is never too late. It’s time to perform a financial review.
What went right and what went wrong? What are the strong points to retain and what to work on?
Your finances can still be fixed if you are still willing to start all over again.
How to make it right before the year ends?
And maybe you had these lofty goals and aspirations like:
Want to be debt-free.
Save for retirement.
Get out of old habits and finally achieve financial freedom.
Do you still remember how inspired you were when you initially made your financial goals? How focused you were to change for the better?
Is the excitement still there? Can you still feel the burning desire to succeed?
If yes, congratulations! Keep it up!
If no, that’s normal. But don’t give up and let’s get you back on track!
So, how to stay motivated in keeping your financial goals? Here are some tips to help you never lose your motivation.
Do you work a lot trying to save for your retirement?
When was the last time you took a vacation or treated yourself with a simple weekend getaway?
Because of our responsibilities, sometimes we forget to live. We can be so busy planning for the future that we take the present for granted.
“I need to save for my emergency fund.”
“I need to secure an insurance.”
“I need to prepare for my retirement.”
These are great goals to have but make sure while you’re preparing your way to financial freedom, you’re still enjoying life.
Yes, you can have financial freedom without being stingy. We don’t have to deprive ourselves of the good things in life for fear of losing money. We just need to be smart in handling our finances.
So how can we save and at the same time enjoy?
Try these simple tips.
This is how soon to be parents describe their feelings as they wait for the arrival of their newborn.
There are a lot of things a new parent should be prepared of. But aside from changing nappies and sleepless nights, new parents should get ready for the financial responsibilities of parenthood.
Here are some financial tips you might consider as you wait for the coming of your bundle of joy.
Despite giving your best efforts to save and budget your finances, is your income isn’t just cutting it?
It is also inevitable that sometimes unexpected things happen.
Your car breaks down. You get sick. You lost your phone. You don’t have extra money to pay for these extra expenses. So what should you do to earn extra cash fast?
Here are some practical ways to earn money fast. When I say fast, I don’t mean instant. It means that you still have to work for it but you don’t need a huge capital. You can immediately raise income if you have the right skills and strategies.
Do the years you’ve spent on your work to earn money worth the effort? If not, what do you think went wrong?
Is there any financial decision you’ve made in the past that you regret?
All of us might be making financial mistakes. Some we are aware of. And some were probably not.
But before you feel bad about yourself, don’t fret. It’s not yet too late. Every day is a new day! And every day is a new chance to become better. What’s important is, you learn from these mistakes and start improving your financial habits.
First, accept that something is wrong and be aware of them. By being aware of these mistakes, you’re most likely to correct them.
Here are some financial mistakes you might be guilty of and tips on how to overcome them.