What deserves love, but hardly ever gets it? Your personal finances. Do you give your finances the affection and attention they deserve? We all may be guilty of putting our finances on the back burner sometimes, but we can easily learn to love every aspect of our finances—whether it’s from budgeting and tracking to saving or even spending. The month of love may be coming to its end, but you can rekindle the romance and fall in love with your personal finances with these essential tips:
Get to know finances
Take a few minutes each day to read an article or blog post about financial management to overcome your lack of understanding—because finances don’t have to be secluded and boring! Especially when it’s your own personal finances. There are plenty of reading materials out there that make the matters of money and finances interesting and engaging. And being educated on this subject equips you with practical skills and advice that can prepare you for life’s key moments. Do research on top financial web sites and subscribe to a blog for a daily digest of financial guidance.
Move on from debt
Easier said than done, we know but debt is the ultimate reason why most hate their finances—it’s almost like a harsh truth being swept underneath the rug. Let us be the first to tell you: it doesn’t have to be. Ignoring debt will put you in a far worse position later down the road and could possibly keep you from achieving other goals. It’s better to tackle debt head on and commit to paying off your debt little by little. Trust us, once it’s gone you’ll love your personal finances so much more.
Shop and spend smarter
Whether you’re shopping for groceries or a few new pieces to add to your wardrobe, look for the best deals. Your budget may be tight, but you can always find new ways to save money on the things you want. Check out the local paper for coupons and if you love shopping, skip the department store and head to a local thrift or consignment shop (which could score you up to 90% off in most cases). Discounts and freebies are everywhere these days—find a tool to help save you money and to avoid paying full price or over spending.
Treat yourself… moderately
And finally, fall in love with your personal finances all over again by taking the time (and money) to treat yourself. Maintaining personal finances can be draining. And just because you’re on a strict budget doesn’t mean you can’t enjoy your life and have fun. It’s okay to indulge—treat yourself every so often on something that truly makes you happy. When you spend a little money on yourself, you’ll appreciate your finances even more. Just make sure not to over do it.
Sources:
- https://money.usnews.com/money/blogs/my-money/2015/02/13/to-fall-in-love-with-your-finances-do-this
- https://www.forbes.com/sites/robertpagliarini/2018/04/10/financial-advisor-shares-the-20-best-financial-tips-he-wishes-he-could-tell-his-20-year-old-self/#302d63a74a2d
- https://www.thesimpledollar.com/eleven-simple-practical-rules-for-personal-finance-success/
