It is not the best feeling to be in a financial rut so getting out of it as quick as possible is the best way to get life back on track. Remember situations are only temporary when you have a positive permanent mindset. ... so how do you know that you're in a financial rut?
1. You're not saving any money! Lenders are banking on you not saving anything so that they can come to your rescue with a high-interest loan. Now you can overcome this by creating a line on your spending plan that says pay yourself first this means when you receive your paycheck the first bill you pay is yourself.
2. You are not earning enough money! Most times people are blessed with enough to live off of but sometimes the world tells you that you need to spend more and live beyond your means. The result of this way of thinking is that you incur additional expenses that you cannot afford. However the solution is to earn more income if this occurs. This additional income can be can be used to reduce those additional expenses and help you to save more money.
3. Majority of your purchases are made on credit and you can not afford to pay off the full balance each month. If you're not in a position to pay off credit purchases right away then resorting to a cash system is a great way to get out of a rut. You can always link your cash account to your credit cards so as you charge something the money can be drafted from your cash account. Therefore when all the cash is gone that's an indicator you should stop spending. In addition, seeing the cash leave your account has a huge impact on your mindset and you start to place value on your spending choices.
4. Last you have stop dreaming! Dreams are supposed to fill us up so when you lose your dream you're actually starving yourself. Our dreams keep us alive and encouraged day by day. Therefore, through prayer develop a dream plan for your life, put it in writing, create a vision board and most importantly live it out to the fullest. Remember when a dream is lost dream again!!!
Thank you so much for your support and I hope that you have a wonderful and truly blessed weekend!
Jacket: Gianni Bini
shoes: Steve Madden