Try to Change Your Mindset on Money
5:12 AM
How you ever thought of how you view things that involves money? Handling money could be a difficult thing to do especially if you are living by yourself. With no one to warn and advise you on how to spend your money wisely, you most likely will end up spending more than what you earn, or worse, you could get caught up or even drown in your own debts.
One of the most common difficulties a person faces when they have some money is holding back from spending it. How can one resist if they see their favorite dress up for sale at the mall? Or what if a garage sale is up on the neighborhood and you just cant miss the chance of getting a bargain on some items even though you don't really need them? Or you'll see a friend getting the latest gadget in the market or the most fashionable pair of shoes? Would you left yourself go behind?
Unfortunately, due to the peoples mentality, they would often forget on being thrifty. It wouldn't matter if their credit card has reached its maximum limit, just so long as they are in with things, who cares about getting in debt?
So how do you try to change your mindset about money? First, try living within your means. Buy only the things that you need and think thoroughly first before your purchase something. When you realize that you could just live and go on about your life without that certain thing, then you don't have to buy it. Take control of that impulsive behavior to shop.
Learn how to identify, wants and needs. Needs are those things you could not live without, or if you can, it would entail a great difficulty doing so. Wants are those you just crave but don't really need. Gadgets, expensive designer clothes, luxury cars " these things aren't the ones you exactly need in order to live, these are just add-ons, or rewards you give yourself once in a while for doing a good job.
If you are one impulse buyer, try to avoid the malls, supermarkets and other stores that would tempt you to buy your wants. If you just cant avoid doing them, don't bring lots of cash or your credit cards.
Now here is a trick I would like you to try for yourself. Try changing your mental attitude towards your money. Advertisements and commercials on TV, in the internet, on billboards, magazines and other places could often be hard to avoid as they almost always try to reach you. Get your cash and instead of calling that toll-free number or going to the store where it is sold, go to the bank, then deposit the amount it would cost you to buy that certain item. In a few months time, you'll be surprised how much you've saved and how much you would have lost for some worthless spending.
Although a little difficult, anyone can change their mindset on money matters. It would just take patience, a lot of discipline and getting used to so you'll be able to master the art of spending your money wisely. Now, you've probably just changed your mental attitude towards your money.
One of the most common difficulties a person faces when they have some money is holding back from spending it. How can one resist if they see their favorite dress up for sale at the mall? Or what if a garage sale is up on the neighborhood and you just cant miss the chance of getting a bargain on some items even though you don't really need them? Or you'll see a friend getting the latest gadget in the market or the most fashionable pair of shoes? Would you left yourself go behind?
Unfortunately, due to the peoples mentality, they would often forget on being thrifty. It wouldn't matter if their credit card has reached its maximum limit, just so long as they are in with things, who cares about getting in debt?
So how do you try to change your mindset about money? First, try living within your means. Buy only the things that you need and think thoroughly first before your purchase something. When you realize that you could just live and go on about your life without that certain thing, then you don't have to buy it. Take control of that impulsive behavior to shop.
Learn how to identify, wants and needs. Needs are those things you could not live without, or if you can, it would entail a great difficulty doing so. Wants are those you just crave but don't really need. Gadgets, expensive designer clothes, luxury cars " these things aren't the ones you exactly need in order to live, these are just add-ons, or rewards you give yourself once in a while for doing a good job.
If you are one impulse buyer, try to avoid the malls, supermarkets and other stores that would tempt you to buy your wants. If you just cant avoid doing them, don't bring lots of cash or your credit cards.
Now here is a trick I would like you to try for yourself. Try changing your mental attitude towards your money. Advertisements and commercials on TV, in the internet, on billboards, magazines and other places could often be hard to avoid as they almost always try to reach you. Get your cash and instead of calling that toll-free number or going to the store where it is sold, go to the bank, then deposit the amount it would cost you to buy that certain item. In a few months time, you'll be surprised how much you've saved and how much you would have lost for some worthless spending.
Although a little difficult, anyone can change their mindset on money matters. It would just take patience, a lot of discipline and getting used to so you'll be able to master the art of spending your money wisely. Now, you've probably just changed your mental attitude towards your money.
About the Author:
In order to become wealthy and earn money you must first change your views about your spending. Obtaining a rich mindset will allow you to become a rich over time.
You can leave a response, or trackback from your own site.