In 2018, I plan to build up my emergency fund and save separately for a vacation -- basically, the exact opposite of what I did this year. I spent a lot of money in 2017, some of it worth every penny, other things less so.
Tagged With spending
Maxis's video game The Sims teaches an important lesson about human behaviour: Most of the time, we're just trying to meet a set of basic needs. In the world of the Sims, those needs are hunger, comfort, hygiene, bladder, energy, fun, social, and room, each represented by a slowly depleting bar. And they're so true to life that you should check your own before you leave home or start a long trip.
Being broke sucks, and it's even worse when the world thinks you're broke because you spend too much on luxuries. When you're struggling to get by and you've cut your budget to its bare minimum, avocado toast is the last thing on your mind. You are, however, often tempted to just give up and spend frivolously. Here's a tip on how to keep your spirits up.
You've tried to curb your spending problem. You've frozen your credit cards. You won't travel within a kilometre radius of a JB Hi-Fi, Big W, Sephora, or wherever else your spending weakness hits hardest. Yet, somehow, you're still screwing up your budget every month. It's time to get your impulsive spending under control once and for all.
If you're trying to get your finances straight and you're completely intimidated with the work ahead, take it one step at a time. Commit to just fifteen minutes of financial literacy a day.
Last year, I wanted to write a book. It seemed like an impossible task. But I figured, "if I can write a long blog post, I can surely write one chapter," so I took it one chapter at a time. Before I knew it, I finished the whole thing. Small actions made all the difference and our finances work the same way.
You don't learn everything about money at once. Most of us take a series of steps in the right direction until we finally feel in control of our finances. If you're not sure what steps to take, Credit.com has a monthly guide to help you get started.