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If not, intentionally replace inaccurate, unhelpful thoughts about money with true and healthy thoughts.7: Stand up to pressure to make unhealthy financial choices.If your frugality is negatively impacting your life or your relationships with other people, ask God to help you become more generous.
Rather than go into debt when emergency expenses hit, you can manage such expenses well if you’ve saved for them in advance.
Work to set aside at least three to six months of income in an emergency savings fund.
Lewis is a retired corporate executive, entrepreneur, and investment advisor in Texas.
He has over 40 years of experience in Business & Finance.
By doing so, you can immediately get started on the path towards regaining your financial security.
If you’re struggling to manage your money well but can’t seem to change unhealthy behaviors such as spending too much and saving too little, there’s hope.
Although it’s natural to want more money when you’re experiencing financial problems, it’s important to keep in mind that simply getting more money won’t solve your problems.
You could have a lot more money fall into your life (from a large tax refund to a generous Christmas gift) and yet still get into financial trouble if you don’t change the way you manage money.
4: Overcome the “I’ll fake it ‘til I make it” attitude.
This attitude leads you to buy things simply because they’ll make you appear wealthy, rather than for their intrinsic value.