Money mistakes are all too common. We’ve all made them or are making them. Where it becomes a problem is continuing with these mistakes and staying stuck in the same pattern of debt and frustration. When we don’t learn from our mistakes it prevents us from moving forward with our finances. We can become afraid of our finances and fear making more money mistakes.
Right now, at this moment, wherever you currently are with your finances is what it is. But, it does not have to stay that way! You can change things. The question is, what are you going to do about it? Remember, it’s ok to make mistakes, the important thing is learning and making changes. I have a few ways to share with you about how you can focus on the present and future of your finances instead of dwelling and repeating the past.
Acknowledge your money mistakes and forgive yourself.
The first step to moving forward and making changes is to acknowledge the things you have been doing that’s been keeping you from reaching your financial goals. This is not to beat yourself up about, it’s to pinpoint and bring to light the things that need to change. Forgive yourself for making mistakes. The important thing is that you are choosing to make a change and learn from your mistakes.
Acknowledge where you currently are with your finances, and decide where it is you want them to be. Set clear and achievable goals and define the reason why you want to make the change. Having clear goals and a clear reason will give you the motivation to make changes.
Decide it’s time to take action and make a change.
In order to make a change that will stick, you need to be committed to a new process and a change. Don’t dwell on the mistakes that have been made or your current situation, use it as motivation to move forward and reach the goals you set out for yourself. Once you’re committed to making a change, you need to develop a new process and mindset towards your finances.
Make a plan and stick to it.
This is where budgets come in! I love my budgets and there is a reason. They work! Sit down and create a clear and detailed budget that outlines all of your income, expenses, and debt. From there you will have a picture of things you need to change. Is there a way to bring in more money? Where can you make cutbacks? Can you decrease any monthly payments? Without a budget and knowing your numbers, it will be impossible to make any lasting changes. This will give you an accurate view of where you currently are and allow you to plan for where you want to be.
As you start reaching your goals, make sure to take time to recognize the work you’re doing and the changes you’re making. It’s not easy, so you have to give yourself a pat on the back. When you celebrate each milestone that you reach. It’s a great reminder that your hard work is paying off, and it will motivate you to keep going.
