We know that trying new things and meeting new people are integral to achieving our goals. But we also know that all these new things can lead to a lot of rejection. Rejection is hard! How does one motivate oneself to keep going even when faced with so much rejection? For me, I keep myself excited by playing a little game.
Even as states lift their lockdowns, minimizing trips to the grocery store is still a smart idea both for safety and for saving money. Every time you run out to the store, that takes time and gas (not to mention the possibility that you catch COVID19). And each grocery store visit means more temptation to buy more than you need. Instead of going out all the time, here are 15 tips to reduce your grocery store visits.
My tips are based on avoiding situations where you might need to run back to the store. The keys are avoiding running out of things, keeping essential foods fresh for as long as possible, and improvising if you want something that you don’t have at home.
A few years ago, I realized I had discovered the “secret” to succeeding in the health, wealth, and happiness departments. I had lost ten pounds and was keeping it off. My legs had never been so toned, my skin was glowing, work was fulfilling, my finances were growing, and my relationships were going great.
And it wasn’t because I was working harder. I hadn’t been tormenting myself with terrible diets or 5am wake up calls. What was shocking about my transformation was how little sacrifice I had made.
We Are Not Saving Enough
The savings rate for middle-class Americans is low. The rate jumped to 7.6% in 2019, but that’s still far below what it needs to be to put Americans on solid footing. Now that we are in unprecedented times and unemployment rates are up, savings will likely fall back. It seems easy to just give up. After all, even if you save 7.6% of your salary, it will take 13 years to save a year of expenses for an emergency fund. Thirteen years is a long time! But even if the savings are small, there are many benefits of saving even small amounts.
There are so many financial tasks that we “know” we should do, but who has the time to even remember them, let alone do them. But now that we are all in social distancing, do we have a lot of excuses?
I’ve compiled a list of 50 quick and simple financial tasks you can complete in quarantine to get you jumpstarted on your money goals. These aren’t all clearly “financial” but every part of your life impacts your finances – your health, your relationships, etc. I wouldn’t do them all in a day, but any one of them is feasible in a day. These are all beginner tasks but stay tuned for another post with more advanced tips.
When people talk about personal finance, they usually want to know how to save money. It’s a little odd that people would be more interested in saving money, i.e. how NOT to use money, then how to use it.
Money is a tool. It’s more important to know when to use tour tool than when NOT to use it. So let’s take some of the stigma out of spending and talk about how to spend money to create a better life.
When I was paying down my debt, it felt like I was fighting for every last penny. I’ll feel so much better after my debt is gone. But then, after my debt had been paid, I looked at my paltry bank account and still felt fear. I wondered, when would I ever feel like I have enough?
How Money Beliefs Affect Your Spending
It’s common knowledge that one must control one’s thoughts because thoughts lead to actions. The same is true with money – how you think about money directly leads to how one spends money. So it goes that improving your relationship with money is an important first step to changing your spending habits.
Many people, particularly women, believe they are terrible with money and then act according to that belief. “I’m terrible with money,” one thinks, and thus that person doesn’t feel the impetus to learn how to be better with money. Or she tells herself she is terrible with money so it doesn’t hurt her psyche when she’s spending as she shouldn’t.
If you are terrible with money, then acting as if you’re terrible with money seems like a logical next step. But if you perceive yourself to be good with money, it’s harder to act against that identity. If you act against your belief in yourself, you have cognitive dissonance. So you then have to change your actions to match up with your identity or you rationalize your actions to yourself so you can retain your identity. Either way, it’s a bit more difficult than just thinking bad person=bad actions.