Change What Money Makes You Feel
William Blake
Some people spend and some people save. Why is that? Our attitudes and thinking about money determine our spending habits. Changing the way you spend requires an attitude adjustment.
How do you view money? We learn from an early age about money. We watch our parents and how they handle the money that they make. Some may have had very little because Mom and Dad were low wage earners. Some had a lot of money because Mom and Dad had good jobs.
Wherever you came from, the way you feel about money has probably come from those around you, including unhealthy views. If money was a sore topic in your home, you are likely to avoid discussing it. This could lead to bad havbits such as overspending, and money being even more taboo.
If money flowed freely, then you could become a free spender as an adult. Even if your means are more limited than your parents?, you may continue to spend as if you had a million dollars. This type of money attitude can lead to a debt burden too big for you to carry.
Many scenarios can be drawn from childhood exposure to money. Remember Ebenezer Scrooge? He grew up with no money and it consumed him. During his adult life he shunned all other pleasures for the love of money. No one wants to end up like that.
Work to change your attitude towards money to be more positive. If you have the desire to change your attitude, you've reached the first step. It's not an easy one, but with determination, you can certainly change these beliefs.
Visit with a financial advisor. Talk to them about your money woes and your views about money. Tell them what you want to accomplish with your money. A financial advisor can take your money and other assets and create a portfolio for you. The portfolio includes how to invest and what to invest in.
Financial advisors may also be able to work with you to help design a budget. If you are tight spending money, a budget can help you set aside money for extras each month. Someone with a frugal attitude about money may not wish to set aside money for extras, but they can learn. Hopefully, they will learn to relax and to enjoy the rewards of money at some point in the future.
A big spender will use a budget to curb spending. It is okay to spend, but make it special and not an everyday occurrence. Money doesn't always flow freely unless we plan for it to do so. That requires a spender to realize that it is okay not to spend it all at once, but to save some for later.
Have you thought about your money attitude and the way you think about money? If you're thinking about your quality of life long-term, consider speaking with a financial advisor and making some healthy changes to your money attitude.
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