I know that for many of us the whole COVID 19 is really getting us down however it doesn’t have to be this way. This can be a time to really knuckle in and get your money mindset right.
Are you a spender who needs to work on their habits? Are you a saver but you don’t have any goals? Do you currently have debt that you refuse to check?
Are you more of a you only live once type of spender or do you see money as the tool to a better future? Where would you place yourself on that scale?
Answering these questions can play into determining your money mindset and once you answer them honestly, a whole other level of clarity surrounding money really starts to show.
I personally place myself as a ‘you only live once spender’ who is trying to change their habits and their mindset into a ‘better savings, better future’. It is not an easy road and I write that honestly.
The way you view money, spend money, save money and pay off or incur debt all play a part into your money story and this is how you have formed your money mindset.
Money Mindsets don’t need to be permanent though and the way I view is them is the same as a muscle, you continue to exercise, and place resistance and your muscle will grow and now is the perfect time to do some self-investment. Working through your mindset, understanding how you see money, the affect it has on your life and being able to develop and build on positive money habits will all help future you.
A starting point can be determining what financial goals align with your core values and building from there and just while we are on that note if you are currently paying of debt you do not need to let that define you or your money mindset. Simply see it as a tool to help you build towards future savings.
Granting yourself the time to sit down and really look at your money mindset while the world is a little slower will only put you in a better place financially and mentally when the world speeds up again.
By Broke Blogger
Disclaimer: The author is not a financial advisor and the information provided is general in nature and was prepared for information purposes only. This article should not be considered to constitute financial advice. Accordingly, reliance should not be placed on this article as the basis for making an investment, financial or other decision. This information does not take into account your investment objectives, particular needs or financial situation.