5 reasons why we throw their financial goals
Get Rich / / December 20, 2019
Trent Hamm (Trent Hamm)
Writer and blogger, creator of the popular site for business and finance The Simple Dollar.
1. Nice to spend money and put off - there
Buy something new is very nice, especially if you have long wanted this thing. The problem is that this feeling quickly disappears, and you stay with another unnecessary thing. Of course, at the time of purchase, we rarely remember about it, thinking only of the short pleasure, even though it harms our long-term goals.
Spend your free time on free or low-cost fun
Instead of spending money on a short-term pleasure, better waste time on something that really gives you joy. And from unnecessary cases, such as viewing is not particularly interesting series or aimless Internet surfing, give up.
Think about your spending
Think about your recent purchases and acknowledge that the pleasure of their commission lasted very long. And then imagine that this money now could be in your account, and would become the next step in your great financial targets
. Remind yourself of this often, for example, every time you take a shower or driving to work.Change your social circle
To friends should not be a price tag attached. If you notice that under the influence of his circle of friends spend a lot of money, try to change something.
Agree to refrain from additional expenses, dinner together at home rather than in a restaurant. If you're going somewhere to the whole company, spend money only on what you're interested in, and the rest of the refuse. The bottom line is that communicating with friends should not hit too expensive.
2. Financial goals are always long-term
We are by nature quite impatient, and when the goal requires several years or decades, it is very easy to forget why this goal is important to all of us. It seems to us that it has no effect on our daily lives that we will achieve it "someday." And so we cease to aspire to it.
Focus on Microcel for a day, week or month
For example, set a goal this month is not to spend money on their hobbyOr to the end of the month to increase their savings up to a certain amount, or get a new useful habit, which will help to save.
Think about what you have achieved, rather than how much remains to be done
Remember, at some point you were a year ago. And six months ago? Even a month ago? He grew up there during that time your income? whether the amount of debt reduced? When you see that progress really has, it will be easier to move to his big goal.
Get into good habits that will help save
Effective will not set a goal, a limited rigid framework, and day after day to repeat some useful action related to your goal until it enters into a habit.
For example, if you often eat in the cafe and decided to save money on this spending, you need more Cook and every day to take food with them. In the life of many of these actions, which should train yourself. So you can change your sleep mode, the power, the approach to spending.
3. Financial objectives do not require active measures
Often we vigorously get to work, but then the enthusiasm fizzles, we forget why this goal was so important to us. It becomes a pity to be put off by her money and in the end we just throws it. It is therefore important to find ways to not forget about the big order during slow motion to him.
Take care that can save
Think about what active steps can help you save money and invest it in a bigger target. It may be wise to prepare meals in advance and freeze portions for the future, by repairing minor damage to the car or to spend in the apartment insulation.
Take care that will help increase revenue
You can make a micro spare time, for example, to open their channel on YouTube. You can get further education or take a refresher course. You can simply put more effort at work to achieve increase. It is only necessary to try and find the time for it.
find like-minded people
Look in your hometown like-minded groups, such as online Meetup. Communicating with people who, like you, seek to save or open a business, will help you find the inspiration and strength to start moving in the right direction.
4. Financial goals seem unattainable
When the financial goal is many times greater than your annual income (as is the case with pension savings), it may seem that it is impossible to achieve. But giving up is not necessary.
Break the big goal into small steps
The final amount may seem unattainable, but what about the first milestone on the way to the goal? This amount is not so scary. Try to divide your big goal into several stages, for example with an interval of a year between them. Going step by step, and you will gradually reach the final goal.
Think about what is important to you except Finance
Do not focus only on money, think about other areas of their lives. What is really important to you? What do you spend your time? Are you happy with where you live? Are you satisfied with your job?
When we change for the better at least one thing, big goals will not seem so scary and reach them becomes easier.
Make your goal more realistic if it looks quite daunting
If you break the goal into small steps and tried to find a new approach to spending and the amount still remains elusive, then you just have overstated it. In this case, do not be afraid to change their expectations. Try to find a way to reduce the amount to which you aspire. Or move your goal for the next few years to achieve it on enough time.
5. Life is constantly interferes with our plans
No matter how good was your plan, life always will make their adjustments. You could lose your job or fall ill. You can break the machine or you will flood the neighbors. Because of these unforeseen expenses we deviate from the target and lose faith in its attainability. Try to protect yourself from these problems.
Keep a reserve fund for emergencies
Make it not so difficult. Open a separate account and translate it small amounts each week. If possible, set up an automatic translation. That's all. Now, when something happens, you do not have to panic or take borrow money.
Of course, in a pinch, you can use a credit card, but it is necessary to be cautious. If you have accumulated debt at a map, you can only further complicate their lives.
Cut the unnecessary risks
Think about what is most likely to prevent you reach your goal. Perhaps you have health problems or you know that your car will soon fail. Try to identify such risks in their lives and reduce their number.
Prepare in advance for the upcoming spending
You know, when you have to pay bills and taxes, so why not prepare for it in advance? Start saving money on these costs, so they do not distract you on your way to great financial goals.