Are you into the first week of your salary and are already looking for some spare change in your purse? If this looks like a situation you often face, it’s time to change – NOW! Yes. Though all of us may be guilty of wasting money on more than one occasion as soon as we get out paycheck, you should learn how to save and start spending smart, especially if you are thinking of starting your own business and becoming an entrepreneur.
We, as woman tend to be quick shoppers, though we understand the effort it took to earn that money, we often forget that there are other responsibilities which need to be taken care of. But why is it so difficult to stop this habit of wasting money? How can you bring an end to this and stop procrastinating and promising ourselves to do it tomorrow?
Here are 3 strategies which will help you in spending in the right places so you don’t end up regretting your decision later.
Strategy 1: Know the Difference between Good and Bad Spending
You know how our parents used to tell us to think before spending? Well, a part of the reason why they did that is because they knew the difference between good and bad spending. Yes, though it might seem like you need everything in a particular store, you only need to reach out for the things that bring positivity into your life. What does that mean? Well, for instance, if you are out of cash but really like that dress and need to pay for it using a credit card which is already overdue, it’s a bad choice because it will get you further into debt. So think about what kind of change the product/buying brings to your life and spend accordingly.
Strategy 2: Make a Friendly Budget
Do you know the scariest thing about making a budget? Following and obeying it! Yes, though hundreds of people make a budget daily, most of them end up forgetting it after a week or so. If you don’t want to end up in the same dilemma, you need to remember to make a mindset which obeys your lifestyle. The truth is that your subconscious will play a major role in whether or not you follow the budget. So instead of picking out something from your fantasy, stick to reality and believe that you can make it happen.
Strategy 3: Believe In Yourself and Be Happy
Though this may sound strange, the unhappier you are, the more you spend. On the other hand, being happy with what you have and showing gratitude towards your life will turn your life around for the better. You can also read up on Living Happy to Be Me!: Dancing Your Soul Lightstyle to know what true happiness feels like. Practice happiness and gratitude in everything you do, no matter how tough the situation becomes; remember that there is always light at the end of the tunnel. Believe in yourself and success will come to you automatically. One of the best ways of practicing gratitude is to give charity because this is something which will make you appreciate what you have.
Listen to my Wealthy Wednesday Show on 10th Aug by clicking on the link http://tobtr.com/9152967 to know how you can start saving up on money and start a business of your own.