Action-Oriented Financial Literacy Cures Money Headache
Curing a money headache requires a study of the root cause(s) – just like looking for a cure for any other life condition. Research shows that attending to the root cause is better than opting for pain relievers. You eliminate the dis-ease together with what caused it in the first place.
When you wish to correct a mistake in directions on your journey, you study the map or use a compass. Therefore, careful study of the problem area helps you understand the condition, the root cause and how to rectify it.
While going for temporary relief slows down the symptoms, that which caused the dis-ease lingers in the background. That becomes like taking aspirin daily for headaches for the rest of your life. Scary eh! Why not annihilate the root cause for good so that temporary daily relief becomes unnecessary? Now, borrow the same concept and apply it to your money.
This brief article expounds further on the need for financial literacy – enjoy.
Financial Literacy
Improve your relationship with your money.
If you have ever suffered pain, you can recall the flashes of wishing – if you had avoided the cause, you would not have felt that pain. Financial literacy helps you prepare today so that tomorrow will be peaceful. It is a sure approach to money mastery that comes in handy if faced with a money headache. Let’s see below what it helps to cure.
What causes money headache?
There are a variety of causes; childhood conditioning (remember money does not grow on trees), limiting beliefs (money is the cause of all evil), (money belongs with oppressors) and all other false stories we tell ourselves about money. It is a mindset thing. Until you work to overcome hardline stances, a money headache shall always be present.
The imaginary pictures we create of how things should be. Every time these pictures disagree with the now moment, we react painfully – another money headache. The issue is not the now – the demand that something else should have happened or should be happening is.
What reinforces the money headache?
Trends show that humans don’t like it when advised to give up their imaginations. Especially in exchange for that which appears to clash with their conditioning, beliefs and culture. The resistance rests within imagination which gives one a false sense of vitality. As such, it perceives advice as a disturbance and dislikes the idea of surrendering our comfort. Imagine the feeling when the nutritionist advises you to give up your favourite junk food!
Identify the symptoms of your money headache
You can only treat what you already know – same for money headache. Look at your cash flow pattern, track your income and expenditure, draw a budget and differentiate essential spending from discretionary ones. This way, you will not only be in a position to tell when the pain reappears but also in a position to pinpoint an unnecessary expenditure or even add an extra income stream!
Finally, Stay on Track
Don’t e all like that someone who appreciates us? Being good with money management is a lifestyle thing too. When someone appreciates you, it injects some thrill that dispels unhappy feelings. Therefore, ensure that your accountability partner is someone you are comfortable with, even when they reveal to you that bitter truth. Finally, set goals and keep track of them. Where necessary, consult a trusted financial adviser.
Take Away...
Dissolving our fixed viewpoints, getting rid of our limiting beliefs and giving up acquired conditioning while growing up are the contributors to how we interact with money. The turning point emerges the moment we identify unhealthy money habits. Change is a continuous process; it demands decisiveness, determination and discipline. Just like an out-of-shape person would consult a physician and hit the gym. The same approach works for the person facing struggles with money management = they consult a trusted Financial Coach or Adviser.
