HERE ARE PRACTICAL WAYS YOU CAN IMPROVE YOUR RELATIONSHIP WITH MONEY

Ways you can improve your relationship with money

As you have decided to become better with money and are looking for ways to do this effectively. In this post, I am going to provide useful, yet practicable advice on ways you can improve your relationship with money, this remaining part of 2020. Read on to find out.

If you really want to see some improvement in your relationship with money, you need to be intentional about every step you take towards achieving this goal. Of course, it does not just stop at following a step by step guide, a lot more effort is needed.

Sounds like work doesn’t it?

To help get you started, I have put together these five(5) tips on ways you can improve your relationship with money.

TIP #1

UNDERSTAND WHY AND HOW YOU SPEND

To begin, you need to take your time to observe how and when you spend money. Notice your patterns – what motivates you to buy? What are your triggers? you might want to write them down while tracking your spending for a month at least. An awareness of this enables you identify loop holes in your money relationship. Hence, it is a good place to start.

TIP #2

SCHEDULE A WEEKLY 20 – MINUTE DATE WITH MONEY

Just as regular dates is vital to maintaining a healthy relationship with a partner, similarly, carving out a 20-minute recess weekly to do your checks and balances, is vital to enjoying a healthy relationship with money. Stephanie Genkin, a certified financial planner, expounds that being able to see where you are can improve your finances and be realistic with change. 

Schedule a date with money

Image credit: Shutter stock

TIP #3

IGNORE THE JONESES

Keeping up with the Joneses

Image credit: Shutter stock

When you consider the amount of financial pressure you are put under when you try to keep up with the Joneses, I bet it is way easier to just ignore them.

Don’t compare yourself to anyone or let yourself feel pressured to buy into the latest trend. To make this easier, make a list of things you like or respect about you and think about them often when you feel pressured.

See? You shouldn’t run into debt trying to measure up to someone else’s standard.

TIP #4

CELEBRATE THE GOOD

Don’t forget to give yourself a well-deserved “pat on the back” when you feel you have made some progress in your relationship with money. Regardless, you should not take it to be an excuse to indulge, else you might revert on the progress which you have made so far.

TIP #5

FORGIVE THE UGLY

When a loved one hurts you, usually you forgive them and move on.

When you fall short of your expected returns or money does not come soon enough, don’t be too hard on yourself. Just count it as one of the downs of a relationship… and move on.

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Author: Juliet Jonathan

Hey there, My name is Juliet Jonathan. I am an O&P graduate, social media manager, creative writer for Right-Vision Premium Consulting Ltd. I am your favourite personal finance coach because I love to talk about money, investments and whatnot. Please stay tuned as I bring you up to date with all you need to know about money matters; personal finance hacks, budgetting, finance trends & investment. You can reach me via e-mail: julietjonathan995@gmail.com, Thanks for reading the blog!

14 thoughts on “HERE ARE PRACTICAL WAYS YOU CAN IMPROVE YOUR RELATIONSHIP WITH MONEY”

  1. Juliet Jonathan

    Thank you for your comment.
    Some of the indicators or markers for a significant improvement in one’s relationship with money includes, but not limited to: Punctuality in meeting one’s financial goals such as investment, acquiring assets, growing your savings and so on; better spending habits; embracing delayed gratification; increased earning power.

  2. Mustapha Radda

    Just mentioned 5, can’t wait for the remaining 2,. Didn’t mention references and sites or books for further readings. Thanks nice one

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