How to Get Money Motivated
1. Draft a Financial Vision Board
You need motivation to start adopting better money habits, and if you craft a vision board, it can help remind you to stay on track with your financial goals.
2. Set Specific Financial Goals
Use numbers and dates, not just words, to describe what you want to accomplish with your money. How much debt do you want to pay off—and when? How much do you want saved, and by what date?
3. Adopt a Spending Mantra
Pick out a positive phrase that acts like a mini rule of thumb for how you spend. For example, ask yourself, “Is this [fill in purchase here] better than Bali next year?” or “I only charge items that are $30 or more.”
4. Love Yourself
Sure, it may sound corny, but it works. I have a client, who paid off $20,000 of debt after realizing that taking control of her finances was a way to value herself.
5. Make Bite-Size Money Goals
One study showed that the farther away a goal seems, and the less likely we are about making sure it happens, the more likely we are to give up. So, in addition to focusing on big goals (say, buying a home), aim to also set smaller, short-term goals along the way that will reap quicker results—like saving some money each week in order to take a trip in six months.
6. Banish Toxic Money Thoughts
Hello, self-fulfilling prophecy! If you psych yourself out before you even get started (“I’ll never pay off debt!”), then you’re setting yourself up to fail. So don’t be a fatalist, and switch to more positive mantras.
@Everyone Let's use these small tips in order to make a plan in order to have a great Financial Future...
