#PersonalFinance #FinancialGoals #Budgeting #SavingTips
Hey everyone! 👋 So, I went from being that person who was obsessed with tracking every penny to becoming a bit of a careless slacker when it comes to my personal finances. 🤷♂️ Has anyone else experienced a similar shift in habits or mindset?
Here’s the scoop: when the pandemic hit and my expenses dropped drastically, all my meticulous budgeting and tracking seemed kind of pointless. Now, I want to get back on track and set a clear financial goal, but I’m struggling to find that motivation again. 😬
I know that having a purpose and a goal make saving more meaningful, so I’m on the hunt for inspiration and advice. Here are a few things I’m considering:
– Setting a monthly spending limit for myself 💸
– Exploring new ways to track my expenses, especially since I rely heavily on cash 💰
– Finding a new financial goal to work towards 🎯
Have any of you been through a similar situation? How did you get back on track with your finances and find a new sense of purpose? I’m all ears for any tips and tricks you might have! 🤗
If you put the same amount of energy into earning more you would be happier
I think you need to find a goal again. And if you can’t find a specific one, you can try to get into the right position.
“I want to be in the position to buy a house if the markets crash”
“I want to be in the position to start a new job/business”
“I want to be in the position to travel”
“I want to be in the position to start a relationship”
There’s a good podcast on this: https://open.spotify.com/episode/4CLinPLWPmAS0lqgaaagpX?si=bjeqqBYeQ6uK_LbUXzGe0g
Episode 168 of The Knowledge Project for those who does use Spotify.
Maybe you can find motivation in positioning yourself.
I mean, in your situation a goal of mine would be to get my own place. Start with a budget and go from there.
Have an imaginary goal?
Or a goal for retirement.
I don’t know, since I’m debt free now. My goal is to be able to cover my dental when I’m retired. Which should basically set me up for the rest of my life the way the world’s going.
You basically have learnt very little about personal finance.
Money does not equal feelings.
It seems that you were projecting and transferring success into an apps and excel, creating a barometer of happiness
Personal finance should be about basic goals first.
Save between 20% to 30% of your wages, leave 6 months in cash, buy a house, pay down mortgage at faster rate, max out pension contributions and invest in a broard low cost index fund.
Past this point, don’t make it your identity
buy bitcoin over time slowly. secure your future