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3 Tips for Overcoming Emotional Roadblocks

Financial Roadblocks
Negative vs. Positive: How to create positive financial decisions when plagued by negative emotional experiences regarding money.

Negative actions, words, or lifestyles have a more significant impact on your brain than the same number of positive interactions. Why is this? Being criticized, rebuked, or corrected in a spiteful or consistent manner can demoralize us. And we often allow those old, but powerful words to autocorrect ourselves again and again – resulting in repetitious and unsuccessful outcomes.

Emotional baggage can derail our financial goals and visions too! Dealing with money is going to be part of your life tomorrow, next weekend, on your vacation, and even on your birthday. Facing your emotions regarding finances is the first step. There is no physical harm in facing your financial reality. No one yet – has ever been stabbed by a bank account!

Emotions can cause us to feel panicked, afraid to make decisions, to plan for the future, to ignore our problems, and take away the freedom of conscious choice. When we are worried about the heights to which we can ascend, it often feels more comfortable to lower our expectations quietly. So how can we change this emotionally charged way of thinking into a more rational and proactive method of moving forward?

First, examine which negative voices or memories are affecting your finances today. Determine how these negative fears or choices are affecting your personal life. Explore who might be a financial champion (coach or teacher) to assist you in making changes.

Second, write down a logical plan of action to follow. Assess where you are financially right now! You can’t get to your ultimate destination if you don’t know your starting point. Take a good, hard look at your income, expenses, budgeting, time, and hidden costs. See where your money flows into your life and then out. This action plan is not a time for self-judgment; it is just a tally of the financial “flow.”

Third, begin writing in a journal daily. Protect your dreams. Choose a short-term, mid-term, and one long-term goal. Life is full of extraordinary opportunities, and writing down your most profound thoughts, and goals can propel you more quickly into seeing those dreams become a reality.

These three tips can reroute your financial journey and create a healthier relationship with your money!

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Easy Hacks For A New Financial Habit

The Money Nerve

Easy Hacks For A New Financial Habit

Today is the best day for starting a new habit. Try these easy hacks for a new financial habit. You may have decided that it is time to do “things” differently, but the thought of making lots of significant changes at the same time can be overwhelming. Let’s break it down to make it easier to stick with a new mindset.

Keep It Simple

Let’s say you have decided to start an emergency fund and your long-term goal is to save three months of salary. When thinking about such a big hairy goal, it would be so easy to admit defeat before you ever started. So, take $50 and open that savings account. Tell all your friends that you are working on saving more money. When you talk about your goals, you plant the idea more firmly in your head.

Now automate a small amount of money, how about $25, to be directed into this new account with every paycheck. You will be surprised at how quickly your account will grow, and how little you miss that small amount you may have been spending on “junk.”

Starting with small steps makes a change of financial habits easier.
One glass of water a day. One extra vegetable. Three pushups. One sentence of writing a day. Two minutes of meditation. Voila! You now have a habit that lasts.

Keep Your Focus Positive

We all know a friend or colleague that seems to be “practically perfect!” They work out every day, eat healthy, volunteer at the local shelter and blog about their good deeds. It’s easy to compare yourself to others and begin to tear apart all the good work YOU are doing.

Keep your positive attitude; you are making one small step toward a more positive outcome.
Only you can make a personal change. When seeds of doubt begin to grow, you need to squash those negative voices that pop into your head; demanding you to quit, taunting you with past failures or demoralizing you with doubt and fear. Shove those thoughts into a box and mentally throw the box out! Embrace your new habit and nurture your small wins.

Keep It Real

Every week or two, hold yourself accountable and move forward a few steps. If you didn’t do as well as you wanted, jot that down and try again with a slightly different approach. Did you spend your “emergency fund” money on a movie and popcorn? Next week, add fifty percent more, you will still be ahead.

Did a great job of saving each paycheck for the past month? Tell yourself what an awesome job you are doing. Acknowledge your good work, reward yourself, and enjoy the success. Share your success with others, it may motivate them to start a new habit too. It often takes less time to create one simple habit than it does to make excuses for your inability to change.

For insight and motivational tips to create a healthy relationship with your money, AND for easy hacks to develop a new financial habit – sign up for the monthly Money Nerve newsletter.

You can do anything for one month!