We humans can be as predictable as a mathematical equation. How many times do we say one thing and do another? How many times do we voice where our commitments are, yet find no evidence of these vows within our daily activity?
Sadly, these same trends find their way into our financial lives as well. So here we are . . . time for some personal reflection. Caution – the first few rows may get their toes stepped on.
Your Credit Card Balances Never Seem to Get Any Lower
Sure, you say that you believe spending less is a great way to start reducing your debt . . . yet your credit card bills continue to pile up.
If you say you believe that “finding ways to control your spending” is a great way to reduce your debt, yet the evidence of your bank account and credit cards shows you have no self control, I would argue that you don’t really believe in spending less.
You may think it sounds like a good idea for some people, but you don’t truly believe it’s the answer for you. If you did, you’d figure out a way to spend less . . . right?
Your Faith in ‘Goals’ is Weak
When you hear the words ‘Financial Goals’, do you roll your eyes and let out a sigh as though you’ve heard this speech over and over?
Developing and implementing long-term and short-term goals is essential for a well-balanced financial life. Who could argue with that?
No matter what you say about goals, if you aren’t actively involved in any sort of financial goal, you’re lying to yourself and you’re not a true believer. If you clung to the idea that financial goals help right the ship, you’d have them and be working towards them, plain and simple.
Saving Money is a Fools Errand
Seriously, who in their right mind would say that an emergency fund, a savings plan, a retirement account, or a college fund are idiotic ideas? Probably no one (unless you’re trying to sell something).
But are you saying that very thing with your actions? Do you have any savings or plans for savings? Do you divert parts of your paycheck into different savings accounts before you spend it?
Again, if you believed that saving money is a wise financial decision, you’d be doing it.
Learning is a Waste of Time
Education isn’t only important through high school, or through college, or graduate school . . . it’s important throughout our entire life. Education won’t look the same at every stage (we won’t be taking tests when we’re 50) but learning never ceases to be valuable.
The same can be said for financial education. We’re never too old to learn more wisdom about how to take care of our wealth.
But do you believe financial education is important? If so, it’s going to be evident in your actions.
Photo By Sam Howzit