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Top 5 Money Excuses You Need To Stop Making This Year

Top 5 Money Excuses You Need To Stop Making This Year

Every year, people find themselves in a situation in which they need money for an emergency, school, or another important aspect of their lives. Finding the money to cover these costs can be difficult if you do not have enough money to save to begin with.

There are people who even rely on winning the lottery to obtain a structured settlement cash out to save money, but we all know that this is not an ideal plan. Some people feel that investments are too complicated, so they steer away from such actions. Additionally, many people suffer from a general feeling of not being able to make more money.

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However, the reality of the situation is that these are merely excuses. You can start saving money immediately if you just take action. Here are some common money excuses you can avoid in order to start saving more wealth.

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Money Excuses

    1. Saving money is not practical.

    Each individual has the ability to save money, even though everyone has different financial circumstances. Just a little bit of money saved over time can add up quickly. Before you know it, you’ll have several thousand dollars saved to put toward something important. One way to approach saving is to view your income as a structured settlement cash out. This means that you should allot a certain amount of money to be paid out over time. In this case, you will be paying out money to a savings account.

    2. I’m not good at saving.

    This is one of the oldest excuses in the book, yet people continue to say it when it comes to putting money aside for the future. Anyone can save money; it just takes a commitment to do so. If you have children, then you need to set a good example for them as well, and show them that you have the power to save. You never know when an emergency might arise, or when you will need money for that once-in-a-lifetime opportunity.

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    3. I make poor purchase choices.

    Impulsive shopping choices often lead to an inability to save more money, as well as debt. Credit cards are horrible decisions for people who cannot resist the temptation to buy that new pair of shoes as soon as they come out. Set aside money that you designate for shopping, and only use that amount when you go to the store. This takes a lot of willpower, but you are perfectly capable of setting a budget for yourself.

    4. It’s my recreational money.

    Money that you win from a personal injury lawsuit, the lottery or some other form of structured settlement cash-out situation should still be money that you save. Unfortunately, many people take “extra” money and blow it on recreational activities. This is not to say that a hardworking person does not deserve to take a vacation or to go out for a beer from time to time. However, you still need to set money aside for your future savings.

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    5. I disagree with my spouse about saving.

    This excuse is common among people who are married. They often disagree about the best ways to invest money, or the best ways to save it. You must sit down with your spouse and create a ledger of expenses. This will help you to determine how much money you can save each month. It might be a good idea to combine your income and then deduct living expenses from it accordingly. This will help you to gain an accurate picture of how much money you can afford to put away. Communication about money is one key to being successful as a couple.

    Featured photo credit: stop this year via farm4.staticflickr.com

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    Last Updated on June 1, 2020

    10 Reasons Why Following Your Passion Is More Important Than Money

    10 Reasons Why Following Your Passion Is More Important Than Money

    Elite Daily have got some great points as to why you should chase down your dream job, regardless of how much the wage is. If you’re feeling unfulfilled in your career, maybe it’s because you’re on a path that doesn’t connect with your passion? Maybe it’s time to steer right off that road and take a different route:

    Money is a very powerful thing, it builds empires and breaks down kingdoms, it allows for dreams to come true and it takes others away, it makes some people happy and others completely miserable. Today the pursuit of money is almost directly linked to the pursuit of happiness, many will argue that money = happiness.

    However, this is inherently problematic as this mindset leads many people to stray down a path that doesn’t best suit them. When people choose their careers, they are sometimes blinded by money and so choose to follow the paper trail. Although money is great and can buy us all the things that will temporarily make us happy, no amount of money can buy time. Time is our most valuable asset and it is something, that while on this earth, we should spend most wisely. You shouldn’t feel like you’re mindlessly wasting your life away

    This generation is particularly in trouble because jobs are scarce and many of us will be stuck doing jobs we hate just because we need money. Although this may be the right move for our careers now, this shouldn’t be something we do for the rest of our lives. it is best we search for something we are passionate about. Here are the 10 reasons why you should follow your passion and not the money.

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    1. Working for money may seem like good enough motivation for one to keep at their career.

    Every morning Monday through Friday you go to work 9 to 5 sitting their punching away the hours stressing about the work at hand. This is not a way to enjoy your life. Working for 8 hours a day 5 times a week at something that makes you miserable is not the way you live life to the fullest.

    Many people who choose careers that don’t make them happy will tell you that they would all do it differently if they had the chance. You only have one life, so don’t waste it working somewhere you hate just because of the money.

    2. You’re more passionate about the work you are doing.

    There is nothing worse than having to wake up every morning during the week to mindlessly go do work you don’t even care about. However, this is never really an issue when you are passionate about the work you do. If you are not forced to work somewhere because of monetary constraint, you truly enjoy what you do and you never really work a day in your life.

    3. You can relate more to the work and come up with better ideas.

    Being forced to do work is one of the most draining experiences. While there are times at every job where you may feel the work may be draining and dull, you have to realize that not every day is going to be an enjoyable one. There are highs and lows, but when you are passionate about the work you you look past the dull days. Your creative process is also different. You are more inclined to come up with creative ideas when you like what you do.

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    4. Work doesn’t feel like it’s forced upon you.

    When you value money over your overall health and your passion, you will find yourself in an endless cycle of misery. Work no longer becomes a career or a journey, but more of a  taxing nuisance on your mind and body that has to get done.

    Every day that you go to work with this mindset you begin to hate your job more and more. While many people feel that they must work hard to retire and have money to enjoy themselves, what’s the point of enjoying yourself in your later years when you spent your life being miserable?

    5. No matter how much money you make, nothing will help you overcome the feeling of doing something you hate.

    Many accountants come into corporate America, put in reckless hours during the week and make a great paycheck on pay day. Many of them have all this money piled up, but they never really get to enjoy the fruits of their labor because their labor takes up most of their lives.

    Many of them hate their jobs because they aren’t really passionate about what they do. Is there a worse feeling than doing something you hate? Eventually this hatred will cause stress and in the long run, it will have lasting effects on your health.

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    6. You are more inclined to work later hours.

    When you work somewhere that you are passionate about, putting in later hours isn’t as much of a burden as it is when you don’t like what you are doing. To you, putting in the extra hours doesn’t hurt as much because you don’t feel like you are forced to do it, which makes the experience that much more enjoyable.

    Every industry has a busy season and without a doubt there will come a time when you will need to put in the extra hours. Will it be easier for you to work longer on something you can relate to or something you can’t stand doing?

    7.You are willing to go above and beyond the call of duty.

    Certain obligations at your work will require you to go above and beyond the call of duty. In certain times during the busy seasons, you may be asked to do certain tasks that are not part of your everyday schedule. It is much easier for you to put in the extra work if it’s something you actually care about. Because you are passionate about your job, you will be willing to put in the extra effort to go beyond what is required of you.

    8. No obstacle will stop you from achieving success.

    When you really enjoy what you do, nothing will stop you from getting your work done. Because you are passionate about what you do, you feel unstoppable and nothing can obstruct you from achieving greatness. Your passion ignites your work, and like a rocket, it accelerates you past road blocks that may come about. Any obstacle that comes your way is accepted and fought off with a creative solution.

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    9. Our working careers will consume most of our lives, so we might as well do something we enjoy.

    You will spend a majority of your life working and there is no other way around this fact unless you are born into a wealthy family or marry rich. For the rest of us who weren’t fortunate enough, we will be spending a good portion of our lives working in order to make ends meet.

    There is no way around this, so we might as well accept the cards we are dealt. Many people go about this the wrong way because they feel like work is something they have to do rather then something they can enjoy. Once you realize that your career should be something you enjoy, then you will lead a more happy and fulfilling life.

    10. You will get more fulfillment when you finally make it.

    There are few feelings better than achieving a level of success you set out for yourself. Nothing like crossing off your bucket list of goals you set out for yourself to achieve. When you finally reach the pinnacle, it is that much more enjoyable knowing you got there doing something you love. Remember work doesn’t have to be something that you hate doing, stay true to yourself and always do what makes you happy.

    The 10 Reasons You Should Follow Your Passion And Not The Money | Elite Daily

    Featured photo credit: Randalyn Hill via unsplash.com

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