Change the Way You Feel About Money
By 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.
We learn how and what to think about money at a very early age- how
do you view money? As children, we see our parents and how they
handle the money they have. Some of us had parents that made very
little money, and some of use had parents that made much more money
at their jobs.
Whatever your environment, your money views were probably shaped by
the people around you. Unhealthy views of money begin here. If money
was a bone of contention in your home, you will likely make every
effort to avoid confrontation when it comes to money. That could lead
to overspending becoming a hush-hush topic in the home.
If you were fortunate enough to have a good supply of money, you
could not know naturally how to limit your spending as an adult. Even
if you find you are not as well-off as your parents, you may be
likely to spend as if you had a higher income. This type of money
attitude can get away from you rather quickly.
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.
Big spenders should learn to use a budget to scale back their
spending. Learn to spend for special occasions, and not excessively
every day. Money won't continue to come in this way, unless we plan
for it to continue. Spenders must realize that they need to learn to
save money for later on in life.
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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