Does Money Stress You Out?
I’m feeling really pleased with myself lately because this is THE FIRST YEAR EVER that I haven’t used debt / credit to pay for Christmas. For a long time, I had the belief that I was bad with money and there was simply nothing I could do about that. I WAS bad with money, that was true, no matter how much I earned I simply could not save or live within a budget. Money stress was a problem for me even when I had a good job so when money was tight after first starting my business the money stress just got worse and worse, especially around Christmas!
But I knew that believing I couldn’t change was holding me back. After all what is the point of growing a successful business if I had nothing to show for it. So I set about changing my beliefs…
You might find this a little surprising, but saving money is a state of mind. Successfully stashing away your cash to achieve a goal and sticking to it when something shiny comes along takes an attitude, not just a few simple tricks.
Here’s how you can develop the right attitude and start working towards your goal today so money stress becomes a thing of the past.
The key to sticking to a goal
So how do successful savers do it? How do they keep from splashing out when we’re all faced with temptations to spend, spend, spend?
The key to sticking to a long term goal is a strong “why” Why do you want to reach your goal?
Once you know why you can create a mantra for yourself that you can repeat whenever you find yourself about to give in and spend money on something unnecessary. The right mantra will get you through those weak moments, especially if like me you are an emotional spender!
Choose Your Mantra
You might not think you need a mantra, maybe you think it’s a bit airy-fairy. But there is an initial honeymoon of joy you experience after setting a major life goal. Most people can get a good couple of days of motivation out of the honeymoon phase. Some even stay motivated for weeks. Just think about your New Year Resolutions for example
once the honeymoon wears off your motivation will start to dwindle, a mantra will remind you of your why and keep you on track!
Give some serious thought to the reasons for sticking to your budget, or else you’ll find yourself splurging on coffee, internet clothes shopping, or whatever your daily temptations happen to be. All three of the examples below of simple mantras that you can adopt
1. Your mantra can be a question you ask yourself when you feel the urge to splurge. Say. “Would I rather have a £100 frying pan or a house to put it in?” Focus your behavior and you’ll succeed.
2. It can be a mental image. For example, when you’re saving for a holiday, picture yourself lounging on the beach sipping your favourite cocktail whenever you’re about to burst your budget rules. Reason with yourself.
3. It can be a phrase. Too bad you just gave up on your dreams. Scare yourself…. This one works best for me!
Whatever your mantra turns out to be, make sure you use it every day that you struggle with your money mindset and before you know it your finances will be looking much healthier and this time next year money stress will be a thing of the past!