Find Your Own Personal Financial Black Holes And Weakness
Friday, March 20, 2009 16:41
The important thing here is to become aware of where your money really goes and why, and decide to do something about it. One fo the amazing things about human psychology is how we can spend years of our life suffering a problem, without really doing something to solve it. Sure, we’ll fool ourselves into believing that we tried to solve it, yet our blatant lack of a result quickly gives a lie to that deception, and it is the necessity of change that is important.
Over the next couple of weeks, spend some time having a real hard look at what you spend your money on and also both the practical and psychological reasons for the spending. Are you paying money out on credit card interest, for example, when you could actually afford to pay it off? Is spending a compensation for having to work so hard, or for something lacking in your childhood? Or are you simply spending to much on expensive food, gadgets, your home, school or childcare for the children.
First of all, it is sometimes hard to spot our own weakness ourselves. Ask your partner and friends what they see as your personal money weakness. If you are really brave, consider asking a parent or consulting anyone else of an older generation.
Secondly, put yourselves on a monthly or yearaly allowance. Put limits on your weekly consumption or budget on goods that is not necessity, such as wine.
Find solutions if you’ve got too much debt and mortgage. Instead of neglecting the problems, consider seeking advice.
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