Stop Blowing Your Money Away

Hi,

I feel overwhelming shame about my relationship with money.  It is one of my big three stressors. Just thinking about it causes me incredible anxiety.  I feel incredibly stupid when I’m seeking help from others, and they say things like, “all you have to do…” Talk about stress!

But this video posted on the Be Like Water blog helped me understand why controlling my spending is such a challenge and how I can overcome it. It suggests using cash as my go-to method of payment, stop eating out, and eliminating purchases with no long-term benefit (Starbucks tea, pad thai, Ohh….what is that shiny new thing!!)

Baby Steps

I have started saving. I’ve signed up for Digit and Acorns, which help me save an invest automatically.  It’s very low stress and gives me confidence that I can really do this thing!

Digit is a pretty simple savings app.  It take a couple of dollars out of my account randomly throughout the month and puts it into a separate account. I love the regular text alerts as well as the option to save more or less. I can get it back if I need it of course, and they guarantee that they will not overdraft my account.  It actually made me pretty excited about saving.

Acorns, an investment tool, is a little different.  For each purchase I make, it takes the change and rounds it to the next dollar, and when it reaches five dollars, it pulls the money from my account and invests it.  Now, this app really helped me see how much money I was spending!  It seemed like every time I turned around; it was taking money out! But like Digit, you can withdraw money from it as well.

My goal, of course, is not to make any withdrawals.  Instead, I want to change my spending habits.  I AM changing my spending habits.

be free.

Freeheart

 

The psychological factors that encourage people to waste their hard earned wealth and a hidden (and enormous) benefit of precious metals ownership. This is a great video about how we all use our money and how advertising affects us on our decisions on purchasing goods or services. 

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2 thoughts on “Stop Blowing Your Money Away

  1. You will change your spending habits! I believe in you! My daughter uses Digit too! She says that it is awesome and it really adds up. My relationship with money used to be a problem because I was not really taught how to use it. It was something that was to be hoarded and never used for fun. But my Grandmother taught me that money is a tool to be used wisely. She taught me that money is cyclical , like life, it comes and goes. You put some away for the fallow times but when you have it you use it to build, and help others. She taught me to not worry about it because it will return if I am putting out good seeds! You are putting out good seeds!😍

    Liked by 1 person

    1. Thank you so much for your kind words! It’s amazing how many people weren’t taught how to have a good relationship with money!

      Like

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