Like physical and mental health, the health of your finances needs dedication and special care. To keep your body and mind healthy, you must follow medical advice, such as: exercising daily, having a good diet, not smoking, not taking, among other activities that, with proper and constant practice, will help you prevent many diseases.
Now, to keep your finances healthy there are also parameters that you must take into account, among others, preparing a monthly budget, controlling expenses, constantly reviewing and reassessing consumption habits, cultivating the habit of saving, and educating yourself financially. You must get used to taking the pulse of your finances, being preventive, and not waiting to intervene when they are about to enter the Intensive Care Unit!
Everything in life must have a balance.
The good health of finances is part of that balance and benefits physical and mental health. Have you heard of financial stress? According to the personal finance experts, when you have a debt, when you do not have enough money, when you lose your job or someone who was going to pay you does not, it generates a burden that you carry all the time, causing financial stress.
The consequences of this burden will not wait. That way you strive to hide it, the tension and pressure produced by the situations described above, will make you explode at some point, they will create an unpleasant environment at work, at home with your loved ones and in all the places that you frequent. You become a GRUMPY and BITTER person, which will undoubtedly have a negative impact on your physical and mental health.
It is very important that you understand that this type of stress is not cured with massages, much less with vacations, on the contrary, this remedy will be worse than the disease!
So, now that the dire consequences of financial stress for your health and personal relationships are known, what is the excuse for not being preventive in the health of your finances? Remember: he who does not listen to advice does not grow old, it is better to be safe than sorry!
Start your routine with these 5 financial exercises:
Structure your monthly budget: this exercise builds the muscle of the organization, when you have a budget it is you who decides in advance which route your money should follow. Don’t forget that money and budget are inseparable friends.
Control your expenses: using the daily expense log tool will allow you to know, in detail, where the money that goes out of your pocket will end up. This is a healthy practice to build the discipline muscle.
Re-evaluate your consumption habits:
Your challenge here is to identify the bad habits that have led you to deteriorate your finances and are preventing you from moving towards a better quality of life. Likewise, you must define the actions you will take to eliminate them. This will help you define the muscle of good sense.
Start paying yourself first:
Every time the income arrives, religiously take a part of it to dedicate to SAVING for investment purposes. With this, you will build the muscle of constancy.
Educate yourself financially:
Investing in yourself is the best thing you can do, this is a basic exercise to develop your financial intelligence that, without a doubt, will help you to have a new vision of money and to face, with solid tools, financial decision-making.