In case you are fed up with paying out bills every pay day, of getting your phone frequently shut off or making lame excuses to avoid dinners with your friends when the money has been used up even before the month end then you can work with these popular habits of extremely effective individuals to manage your money and enjoy a more economical way of life, and a better one too.
This is the first thing highly economical people do in order to control their lives. Should they fail, they have no one but themselves to blame for the mistake. No matter how you were raised or the way you were treated at school you may decide on what you do now.
Being practical indicates realizing that you are in charge of the way your life is managed and in control of your daily interactions. While a reactive individual is usually troubled by their surroundings and will look for outside sources to blame for their actions, for instance weather is one of the factors that affect the mood, so if it is bad and affecting their attitude, they blame it for their behaviour.
The steps listed down will explain a path to take when you are at risk financially. Yet what you forget is that there is a freedom factor between the stimulus and the reaction, and one of the most basic things you pick is your words.
The words you use is a powerful hint of how you see yourself; such as if you use more positive language like ‘I can’ or ‘I will’ you are initiating a positive attitude than a person who uses negative words such as ‘I can’t’ or ‘I have to’.
How to be positive for successful frugality:
You simply cannot manage your finances unless you make the commitment to do so because the more you overlook the situation the more serious it will get.
Have a better understanding of your budget, finances, debts, expenses and income. You should know where your money is being spent and how you can control or where you need to change your spending plan.
Here are some ways to help you pay off your debts easily:
Let people know
Using proactive terminology to say your main goal of being more cost-effective and financially liable not just lets you firm up your purpose but can also enable you to prevent the pressure from colleagues that can make cost management and frugality difficult.
If you let your friends and family know how you are striving to live a more economical life, they are much less likely to force you into having dinner out or going for outing, again.
Listen to the explanations you give every time you buy something beyond your financial allowance or choose not to have that extra money into your savings account.
Pay attention to the reasons you give yourself for shelling out more than you can afford. This will give you the insight and chance to realise simply how low all those reasons are, and can prevent you from buying unnecessary things that can hamper your goal. For example, rather than storing all your data in a number of pen drives or say extending your memory card, it is comparatively cheaper to buy an external hard drive that can store all your photos, music, videos and files safely.
First things first
You should know that you don’t always have the full story in hand. Since you try to apply economical concepts and stay within the budget, you may usually see yourself thinking ‘it’s not reasonable ’. It’s not fair that they get a new car and I don’t! Nevertheless, spend some time to understand that you are just looking at a small portion of the finances of your family and friends who appear to have it all. And most importantly, there are some things in life that cannot be avoided and demand immediate attention, such as, accidents while driving car or illness. So it is strongly recommended to always have some spare cash in hand to face such unwelcomed situations in life.
Start with the End in Mind
Individuals who are good at attaining their set goals can visualize their consequence in spite of the challenges. Successful people stick to this habit based on the theory that all things are made twice, they are first created mentally, and then followed on physically just like the blueprints made before building the actual structure. If you don’t know what your goals are then you are vulnerable to the circumstances and people around you affecting your life.
Instead start your every job with a goal of what you want to do and what you want to achieve and how you’re going to do it and bring that vision to reality with your proactive skills from day one!