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How to Improve your Finances in 4 Easy Steps

How to Improve your Finances in 4 Easy Steps

Managing your finances can suck. Some days you feel like you’re going broke, and other days you feel like you’re doing pretty well. It can be a roller coaster ride. It doesn’t really matter how much money you have, or don’t have, what matters is your attitude toward your finances. Do you want to improve this area of your life? If you do, it’s going to take some work. You don’t have to be Donald Trump, you just have to understand how the small things you do can lead you to greater overall financial success.

So what do you need to know to improve your financial prowess? Here are a few ideas.

Educate Yourself

My husband passed away 2 years ago. He was a very successful businessman and he handled all the finances. I knew nothing. When he died, my son stepped in to help me manage things, all the while encouraging me to educate myself on financial matters. I had zero interest. I’m a writer, therapist and a radio show host. My excuse was “My brain just doesn’t work well with financial stuff.” The truth is, I just don’t like it, but I still had to educate myself.

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I had to start doing things I never did before, and in the process I felt more confident I could handle things. I had to learn about Mutual Funds, IRAs, stocks, annuities, selling property, buying property, and how to maximize savings.

If I can do it anyone can! Remember, knowledge brings power and power brings change. Educating yourself is easy. My son taught me a lot, but you can read articles, Google topics, take a class, or talk to your banker or an investment person you trust.

Be SMART

Setting goals in life is important. Statistics prove that people who write down their goals are more likely to achieve them.  Using the acronym SMART can help you stay on track.  This means your goals need to be specific, measurable, attainable, realistic and timely. Let’s say your goal is to pay off some debt. Don’t simply say you’re going pay off debt. Make a specific list of who needs to be paid, how much will it cost you monthly, what obstacles stand in the way, and who is going to help you with a loan, a budget, or whatever else you need to make this happen.

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Make your decision to act an informed one. Do your due diligence. Look for something that will provide you with measurable results. If I pay x amount of money to pay off my car loan, in a year I’ll have all that extra money to save. Make sure your plan is attainable. In other words, if you take out a loan to payoff your debt, make sure you can structure the payments so that you can manage them. Be realistic. Don’t bite off more than you can chew, even if you are trying to pay off debts. Finally, everything has its time. If you’re in a financial pinch, realize it may take time to straighten out your finances. You probably didn’t get into debt overnight, and you won’t get out overnight either. Steady the course.

Simplify

Let’s face it, most of us have way too much. If you take an honest look at your life, there are probably things you have that you don’t use, things that are costing you money that could be better used, or invested elsewhere. Take a survey of your bills. Maybe you can cut out cable, stop using credit cards, cancel that gym membership you don’t use, or stop eating out for a while. Maybe you can even sell some stuff on Craigslist and make some money.

Simplicity is an attitude or mindset that begins inwardly and is reflected in an outward lifestyle. We can say we want a simpler life, but unless we’re convinced we need one, cultivating a less complicated life will elude us. A simple life is a free life. It sets money and possessions in the proper place with the proper perspective. It keeps “things,” or the drive for worldly pursuits from ruling over us. It enlarges our capacity for gratefulness and sharing.

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Notice

How is all the stress and disorganization of your financial situation affecting you? You have to identify the problem before you can do something about it; to do that you have to pay close attention to what is weighing you down financially. Start by making a list of what you notice is controlling you, or stressing you out in regard to your finances. Then notice your behavioral patterns in relationship to that stress. What do you do? Do you stress spend? If so, get in the habit of taking 60 seconds before you buy something and ask yourself why you need this item. If you can’t justify it—don’t do it.

How does your financial stress affect other aspects of your life? What do you notice?

Small things like paying attention to how much you spend, versus how much you save, can really help. Survey what you spend on things that add no real benefit to your life. Financial success doesn’t have to mean you become rich, what it means is you are in control, you are stress free, you are comfortable, you are learning and growing, and you are happy!

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Improving our financial status is something all of us should desire. Start today by becoming a noticer. Remember, you don’t have to solve all your financial problems in a day, a week, or a month. It’s all about moving forward with a solid plan and specific goals.

Featured photo credit: Bing images via bing.com

More by this author

Rita Schulte LPC

Licensed Professional Counselor

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Last Updated on January 3, 2020

The 10 Essential Habits of Positive People

The 10 Essential Habits of Positive People

Are you waiting for life events to turn out the way you want so that you can feel more positive about your life? Do you find yourself having pre-conditions to your sense of well-being, thinking that certain things must happen for you to be happier? Do you think there is no way that your life stresses can make you anything other than “stressed out” and that other people just don’t understand?  If your answer is “yes” to any of these questions, you might find yourself lingering in the land of negativity for too long!

The following are some tips to keep positive no matter what comes your way. This post will help you stop looking for what psychologists call “positivity” in all the wrong places!  Here are the ten essential habits of positive people.

1. Positive people don’t confuse quitting with letting go.

Instead of hanging on to ideas, beliefs, and even people that are no longer healthy for them, they trust their judgement to let go of negative forces in their lives.  Especially in terms of relationships, they subscribe to The Relationship Prayer which goes:

 I will grant myself the ability to trust the healthy people in my life … 

To set limits with, or let go of, the negative ones … 

And to have the wisdom to know the DIFFERENCE!

 2.  Positive people don’t just have a good day – they make a good day.

Waiting, hoping and wishing seldom have a place in the vocabulary of positive individuals. Rather, they use strong words that are pro-active and not reactive. Passivity leads to a lack of involvement, while positive people get very involved in constructing their lives. They work to make changes to feel better in tough times rather than wish their feelings away.

3. For the positive person, the past stays in the past.

Good and bad memories alike stay where they belong – in the past where they happened. They don’t spend much time pining for the good ol’ days because they are too busy making new memories now. The negative pulls from the past are used not for self-flagellation or unproductive regret, but rather productive regret where they use lessons learned as stepping stones towards a better future.

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4. Show me a positive person and I can show you a grateful person.

The most positive people are the most grateful people.  They do not focus on the potholes of their lives.  They focus on the pot of gold that awaits them every day, with new smells, sights, feelings and experiences.  They see life as a treasure chest full of wonder.

5. Rather than being stuck in their limitations, positive people are energized by their possibilities.

Optimistic people focus on what they can do, not what they can’t do.  They are not fooled to think that there is a perfect solution to every problem, and are confident that there are many solutions and possibilities.  They are not afraid to attempt new solutions to old problems, rather than spin their wheels expecting things to be different this time.  They refuse to be like Charlie Brown expecting that this time Lucy will not pull the football from him!

6. Positive people do not let their fears interfere with their lives!

Positive people have observed that those who are defined and pulled back by their fears never really truly live a full life. While proceeding with appropriate caution, they do not let fear keep them from trying new things. They realize that even failures are necessary steps for a successful life. They have confidence that they can get back up when they are knocked down by life events or their own mistakes, due to a strong belief in their personal resilience.

7. Positive people smile a lot!

When you feel positive on the inside it is like you are smiling from within, and these smiles are contagious. Furthermore, the more others are with positive people, the more they tend to smile too! They see the lightness in life, and have a sense of humor even when it is about themselves. Positive people have a high degree of self-respect, but refuse to take themselves too seriously!

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8. People who are positive are great communicators.

They realize that assertive, confident communication is the only way to connect with others in everyday life.  They avoid judgmental, angry interchanges, and do not let someone else’s blow up give them a reason to react in kind. Rather, they express themselves with tact and finesse.  They also refuse to be non-assertive and let people push them around. They refuse to own problems that belong to someone else.

9. Positive people realize that if you live long enough, there are times for great pain and sadness.

One of the most common misperceptions about positive people is that to be positive, you must always be happy. This can not be further from the truth. Anyone who has any depth at all is certainly not happy all the time.  Being sad, angry, disappointed are all essential emotions in life. How else would you ever develop empathy for others if you lived a life of denial and shallow emotions? Positive people do not run from the gamut of emotions, and accept that part of the healing process is to allow themselves to experience all types of feelings, not only the happy ones. A positive person always holds the hope that there is light at the end of the darkness.  

10. Positive person are empowered people – they refuse to blame others and are not victims in life.

Positive people seek the help and support of others who are supportive and safe.They limit interactions with those who are toxic in any manner, even if it comes to legal action and physical estrangement such as in the case of abuse. They have identified their own basic human rights, and they respect themselves too much to play the part of a victim. There is no place for holding grudges with a positive mindset. Forgiveness helps positive people become better, not bitter.

How about you?  How many habits of positive people do you personally find in yourself?  If you lack even a few of these 10 essential habits, you might find that the expected treasure at the end of the rainbow was not all that it was cracked up to be. How could it — if you keep on bringing a negative attitude around?

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I wish you well in keeping positive, because as we all know, there is certainly nothing positive about being negative!

Featured photo credit: Janaína Castelo Branco via flickr.com

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