More Like This: Career & Finance, Improve Your Credit, Money Making by Elysia McMahan
Living life on a budget doesn’t mean that you have to be like your grandmother (who survived the Great Depression) and have trouble parting with anything that may possibly be of use down the road. It’s simply a way to take control of your money situation and live a happier lifestyle. If you’re tired of living paycheck to paycheck and want to get on the path to true wealth, you’ll need to develop smarter habits in order to take pleasure in the long-term benefits of managing your finances properly.
1. Be Proactive
Let’s face it, being in control of your life means not making excuses. It means that you have to take action. Take the first step toward getting that life of yours in order and make a commitment to get your finances organized. Once you understand your income and expenses you’ll be able to budget more efficiently. Explaining to your friends and family that you are attempting to live a more penny-wise lifestyle will make them less likely to insist you immediately join them on their extravagant vacations, shopping sprees or bar hopping adventures.2. Your End Result
You need to focus on what you desire instead of everything there is to complain about. Having even a slight vision of where you intend to go and how you plan on getting there will turn the walls you have been hitting into doorways filled with cash. Well, not really. But hopefully you will be one step closer to saving some dough!3. Find What is Most Valuable to You
Learning to say “no” to things that don’t fit within your budget can be empowering. Don’t worry, it’s okay to wear the same dress pants twice a week to work, or miss out on bottomless mimosas with the girls every Sunday afternoon. When your goal involves saving money you should no longer be regularly spending more than you earn. This type of behavior not only has a damaging effect on your finances, it also tends to impact every other aspect of your life, including relationships.4. A Win-Win Mindset
There is more than enough to go around. Possessing a win-win attitude allows you to look beyond those who seem to ‘have it all’ when you don’t. Do your best not to compare your lifestyle to those around you.5. Effective Communication
If you are married, in a relationship or have children, you should be aware that you are not the sole person affected by the choice to change your current lifestyle. Effectively communicating with those around you will ensure that your goals are aligned and you aren’t just acting selfishly.6. Look After Yourself
So, you’re trying to pay off that mortgage, credit card debt, and a pesky car loan all while trying to remain frugal? Dealing with such tasks is challenging, especially when you forget to take care of something very important - your health. Making time to look after yourself emotionally, physically, spiritually, and mentally could really do you and your wallet some good.What steps are you taking to better manage your money and your life?
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