Knowing how to spend money is also a skill. But not everyone copes with this task. Some are too wasteful, and some, on the contrary, behave too frugally. Some want a job because they need it to survive. But that’s the wrong approach. There should be joys in life, you shouldn’t deny yourself to spend some dollars if you have a peek at this site or want to pay for a Netflix subscription, and money is just a tool to achieve your goals.
The Habit of Saving
Many childhood habits we carry over into adulthood from childhood. Those who live in wealthy families take money lightly. Those who had problems with them in their younger years try to save money, and even in adulthood try to choose between a conditional new toy and clothes. Some grow up to be goal-oriented and honest people, while others try to earn at all costs, not always by honest methods.
The habit of saving money does not always come from childhood. Sometimes it appears at a conscious age, when one wants to live better, and for this purpose it is necessary to save. Sometimes it escalates into excessive thrift, which poisons life.
How Much Is Your Working Hour Worth?
The entrepreneur James Ray set up this experiment. For ninety days, he monitored where he spent his hours. The result of the experiment was a manual for determining the value of a working hour:
- Determine how much time you spend making money. It isn’t just a matter of working hours, but also of driving to work and “taking” the children to school or kindergarten. Add up all those hours and see how many you get in a year.
- Calculate how much money you make in a year. If you’re a salaried employee, the calculation will be simple. For entrepreneurs, it’s more complicated, but still realistic.
- Divide your earnings by hours, and you’ll get an amount that describes you as a specialist.
Delegate Routine Tasks to Others
Before you start internally resisting it, familiarize yourself with the benefits of delegating:
- You’ll gain more freedom. By freeing up your time to do the things you enjoy, you’ll have less of a chore. This applies to work as well as your private life. You will be able to reboot, relax and start to enjoy life.
- Increased quality of task completion. Even a great professional finds it difficult to get the job done well by functioning in multitasking mode forever. Hand over a number of functions to another professional, and you’ll be surprised how your productivity will increase. It’s the same in everyday life.
- Form a professional team. Find an assistant or an assistant. In the process, you’ll be able to find people you feel comfortable and enjoy working with. And within the family, it will increase mutual understanding and strengthen family ties.
- Increased profits. This point is true not only for company executives, but also for salaried professionals. If you do only your work, you will begin to enjoy your work, and it is sure to appear on your efficiency and salary. Even if you delegate housekeeping, your profits may increase: because you will come to work more rested and motivated.
How to Know if You’re Saving Money on Yourself
Usually, people who are afraid to buy something extra are not poor. they just do not consider it necessary to spend money on themselves, and on others they do not feel sorry for anything. Signs of such a person:
- Willing to give his last for a gift to someone, but not to himself.
- Always finds things to do instead of going on vacation or going to a restaurant.
- Tries to do everything with his own hands, dye hair, cut hair, get manicures at home.
- Refuses to give up small pleasures.
- Always finds reasons not to spend money: it could be an unstable job, crisis or something else.
Why It’s Harmful to Save Money All the Time
Saving Lessens the Quality of Life
The more money you want to save, the more you deny yourself. Instead of buying new shoes, you fix the old ones, but they’ll fall apart anyway. You buy the cheaper ones, but they won’t last long, and you’ll end up buying something worthwhile after paying for the cheap ones. Saving on food in general can affect your health.
You Won’t Grow
Let’s say you decide to buy a car. Every month you set aside a certain amount, and in 10 months you’ll be able to leave the showroom on your new horse. But for this you will have to stop going to the gym, cafes, and movies. After buying a car, you decide to buy a computer – and do it all over again. It drags, and instead of seeking to earn more and develop, you become fixated on the economy.
Saving Money Is Bad for Self-esteem
Constantly denying yourself a normal life, sooner or later you will begin to feel like a third-class person. It’s hard to feel normal when someone conventional goes to the premiere at the movies, and you sit at home and watch movies on the Internet. No matter how hard you try to convince yourself that it’s normal, a worm of doubt will eat away at you from inside, and pretty soon you’ll start to feel miserable, you just won’t have a taste for life.
But freedom isn’t about money, you shouldn’t spend it recklessly. Each big purchase should be weighed and thought out, and only then will you enjoy it and not be disappointed. Buying should be useful, related to development or quality leisure. Freedom is not given by money, but by the feeling of freedom it gives.
Many people deny themselves literally everything. And others don’t save at all. Neither of these two types of people is good. The golden mean is important in everything. Some people believe that there is a law of money: the more you spend, the more of it appears and is easier to earn. Of course, that’s not magic, but psychology: when you save on yourself, you are in a depressed state, which is not at all conducive to development and motivation to increase income.