
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.

Image credit: Shutter stock
TIP #3
IGNORE 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.
RELATED ARTICLE – 7 WAYS TO MAKE YOUR SALARY LAST LONGER
What are the markers by which you can measure your relationship improvement with money ?
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.
Thanks for the response
You are most welcome.
Just mentioned 5, can’t wait for the remaining 2,. Didn’t mention references and sites or books for further readings. Thanks nice one
You are welcome. Thank you for reading the blog.
Well written and highly insightful.
Thank you for reading. I am happy you enjoyed it!
Hello, yes this post is in fact fastidious and I have learned lot of things from it
about blogging. thanks.
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You are welcome. I am happy you got value!
Thanks for the knowledge dear
You are welcome. I’m glad you got value!
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