April is #financialliteracymonth, so let’s talk about it! The most important lesson I learned early on was the true power of saving money. When we save, it empowers us to make choices about if, when, and how we spend it later.
The hard part is - it is hard! Saving money takes discipline and consistency, which - let’s face it - in today’s world with all its uncertainties, is a tough thing to do! We all have lots of demands on our time and money.
Here is where the psychology of money comes in:
When we truly believe in what we are saving for, it makes the connection in our brain that gives us positive feedback when we do it.
You know that feeling when you do a good deed - you feel warm and fuzzy about it. That is the connection we need to make with saving. If what we are saving for is not connected to our core beliefs, we will not have the staying power to follow through with doing it.
This month’s journal prompt was: If you had an extra $250, what would you do with it? The reason I ask is because your answer will tell you a lot about what you value. What do you believe in? Is that what you said you would do with that extra cash??
Let’s talk about it. Let’s get clear about your beliefs about money. Let’s get started!
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