Attitude towards money
100% focus on saving
If friends have been telling you to loosen up and have some fun, it could mean you’re way too stingy. Perhaps you’re afraid you won’t be left with much after indulging yourself? If that’s the case, find ways to spend less on what you like. Hey, that’s what discounts and promotions are for. Take advantage!
“WHEN I SPEND, I FEEL GUILTY!”
Make a list of the loans you have to service and the bills you need to pay every month. Then set aside a sum for saving as well. With these amounts determined, you can be sure you won’t go broke. No more guilt! When you have a clear idea of your financial health, there’s no need to feel bad when you shop.
“SPEND NOW, WORRY LATER”
Do you behave like a financial ostrich, often burying your head and praying money problems will just disappear? The simplest solution is to leave your credit cards at home and go shopping with a fixed amount. Say no to reckless charging.
“MONEY IS MEANT TO BE SPENT!”
There’s nothing wrong with enjoying life and treating yourself well, but don’t have too much fun that you forget to set aside cash for emergencies and your future. Commit a sum into a financial plan like an endowment fund — that’ll put some form of discipline on your savings.