When I first started getting my finances in order, it was kind of an exciting time. I was excited about kicking my debt to the curb; I was excited about saving for fun stuff like travel. Mostly, I was excited about being in control of my money. But after a while, it got boring.
Watch and money image via Shutterstock
Once I learned to be diligent about my money and learned to change my habits, there were no more actionable items on my personal finance to-do list. The only thing I could do was wait. Money After Graduation sums up this issue pretty well:
Eventually, after you get your finances under control, you cannot modify your behaviour any further to get closer to your financial goals.
You just have to wait for the time to pass.
You can calculate the amount you need for financial independence, or figure out your debt-free date. Then you can automate your savings or debt payments. But after that? You just wait. And wait. And wait. It can take years until those payments translate into the tangible results you want. The waiting game to see the results of good financial habits might be one of the hardest aspects of taking care of your money. Because it's boring. Because the initial rewards are few and far between. Because every step of the way you'll wonder if progress is really happening or not.
To put it simply, the novelty of getting your money in order wears off after a while. Your financial journey is not always going to be an exciting one, but if you can keep your eye on the prize, you'll get past the plateau, and your patience will pay off.
If you want to read more on this topic, head to Money After Graduation's full post, below.
Financial Goals Take More Than Money, They Take Time [Money After Graduation]