Respect your money

If you want your money to work well for you, then your money should be treated with respect. It means being careful and responsible with your money, keeping track of it, not wasting or losing it unnecessarily, and thinking about money in a positive way.

Some of the ways people can disrespect themselves and their money are: spending more money on birthday and Christmas presents than they can afford; spending more money on friends than they can afford; buy take-out food or go to a restaurant because they don’t want to cook; not paying bills on time or paying too late to get a discount; not shopping around for lower prices on goods and services; withdraw additional cash each time they make an EFTPOS purchase; spend money in their wallet just because it’s there. People who don’t respect their money will find it slips extremely easily and wonder where it went. These people are careless with their money. In contrast, people who respect their money are generally more aware of what they have, what they can afford to spend, and how to get the most out of it. Here is a test for you. Take out your wallet or purse. Before you open it, try to guess how much money there is in notes and coins. Now open it. were you right? Now look at how your money is organized. Are the notes neatly arranged or bent askew? Are the coins tidy or are they perhaps scattered around your purse, clothes, or even your home rather than being kept in a wallet or purse? The way you store your money is often a sign of the respect you give it.

The way we deal with money is often rooted in our childhood and the things our parents taught us about money. Some of the most common sayings about money that may sound familiar to you are: “money is the root of all evil”, “money can’t buy love (happiness, friendship, etc.) .)”, “it’s my money; I’ll do what I want with it”, “there is no free lunch”, “buying quality, it pays”, “you have for your money” and so on. How have such sayings influenced your behavior or attitudes towards money? Often what we learned or experienced in childhood can cause us to have fears and anxieties about money. You might be afraid of not being able to keep up your mortgage payments, afraid of making mistakes with your money and losing everything you have, afraid of supporting your children, afraid of losing your job and not being able to pay your bills, or fear of not having enough money to live on in retirement. Worrying about money not only keeps us from reaching our full potential, it makes us doubt the goodness of all things, and it can foster a vicious cycle of unhappiness and a feeling of never having enough. One way around this is to start being positive about money. The power of positive thinking has been used effectively in many areas of personal development. Try using positive affirmations about the money in your life, such as “I have more money than I will ever need”, “I have no debt”, or “I am managing my money “. In short, respect your money, be positive, but above all, put your wallet away!