Some say the world would be a better place without money or that money is the beginning and root of all evil. Others believe that money spins the world. Which caste do you belong to? Does money only cause stress for you and your family, or do you use it to make things you dream about?
It is important to understand how your family thinks about money and the role that money plays in your personal finances. When you think about money, do your thoughts empower or discourage you?
Your attitude to money matters
Do you believe that you are one of the people who will never save money? Do you believe that other people simply are better with money? If you feel this is the case, you may want to think more deeply about: Why do others succeed in saving you and your family better?
It is common for people to blame things like their employer, the city where they live or their jobs for failing to save money. But you should think more carefully: if you were to change jobs or move to another city, would your spending significantly change?
It’s different if you live in a low-income city with a low income. But most of the time, what our bank account looks like at the end of the month is simply a matter of how we experience money and prioritize our spending.
Tend to run into financial problems
Studies have shown that people who feel that money is power tend to run into financial problems rather than people who feel that money creates security in their lives.
Studies have also shown that it is most dangerous to spend too much on your own money, to buy goods to feel good, or to deny your own waste. Instead, if you see money as an opportunity that creates opportunity and security, you are less likely to experience financial distress.
Understand your motives
If you are not careful and take a closer look at your relationship with money, you may find yourself chasing something you cannot achieve. As the German philosopher John Dean famously said: Wealth is like seawater – The more you drink, the thirstier you become.
There is nothing wrong with wanting to buy new goods. Who wouldn’t sometimes need a new car, furniture or clothes. The most important thing, however, is to understand the motives behind your purchases and ask yourself if a new purchase really improves my life or my well-being. It is important to have a healthy relationship with money. Then you can live comfortably, but still get money saved and not waste your money.