Is there a purchase you’ve made that leaves you cringing when you think about it today? Was there a debt you took on that nearly crippled your finances? Perhaps there was a relationship that suffered due to financial stress.
First of all, you are not alone. Every person you see today has made a poor decision with his or her money – multiple times. Millions are battling debt fatigue or have already declared bankruptcy. Money fights have become the leading predictor of divorce,according to Kansas State University researching, Sonya Britt.
Perhaps you have experienced one or more of those things. They are difficult roads to travel, perhaps some of the most challenging of your life. Before you throw in the towel and say things will never improve, read these four steps to help you leave the past behind and reboot your plans for your financial future.
1. Reboot your financial goals. You’ve tried budget after budget and spreadsheet after spreadsheet. Still, your greatest chance of financial success lies in spending, saving and giving more intentionally. Start by simply writing out some new financial goals.
For example, what one expense can you reduce or eliminate from your budget? How much money would you like to save for emergencies in the next 30 days? In one year, how much debt would you like to have paid off?
2. Reboot your inspiration. There are so many families going through financial hardship today. Many who have overcome that hardship are telling their stories via the Web, either in blogs, vlogs, podcasts, e-books or other online resources. It’s amazing what a jolt of inspiration can do.
Here are nine inspiring stories of ultimate financial freedom to get you started.
3. Reboot your accountability. Whether you’re single, engaged, married, or single again, you need accountability as you pursue the financial goals you created on step #1. This can be your spouse or a trusted friend. It may be difficult to ask for help with something like money, which is so rarely talked about openly, but the person you ask will probalby respect you more for it. In fact, he or she needs just as much accountability as you.
4. Reboot your attitude. This is by far the most important step to take. It’s time to forgive yourself for past financial mistakes. It’s time to let go of the guilt you felt when that bankruptcy happened or your relationship ended or that foreclosure took place. It’s time to move away from the anger you’ve harbored against that person who hurt you financially.
Your past doesn’t define you. Don’t let it try. It’s time to think about tomorrow.