Are you just lying to yourself every time you check your bank statement or open up your paycheck, pay a bill or do anything money related?
If you’re someone who tells themselves that the money situation is fine, and are convinced there is no issue at hand, maybe you should take a longer, harder look at the plethora of excuses we tend to tell ourselves when it comes to money and our inability to save it properly or spend it accordingly.
For starters, you may believe that budgeting is overrated, and you know exactly what you pay and when you pay it. The fact remains that having a budget and sticking to it is a full proof way to save money and know exactly where to cut expenses that you don’t need, but still have under the column entitled “need.”
You also might be apt to remind yourself that you can always save money later, a sentiment you hear with not only saving money but retirement as well. The idea that you can save money “later” only is prolonging the inability to save but also keeping you from getting your financial planning in order. Those who believe they can put off saving money for a few years are the same ones who are tacking on years to their work life.
Then again, they might not care about that, either.
If you have this delusion that you aren’t going to retire at all or might work into your 70s, then you’re again convinced yourself that you don’t need to worry about saving and that the money is always going to be there and available. What you don’t take into consideration is, perhaps, being forced into early retirement or cutbacks that have you and your bloated salary, for example, on the chopping block. Not thinking about retirement at a viable entity as you get older is only compounded by the “wait for a little” to save money rhetoric.
Perhaps the biggest, most notable misleading mental note you make if you’re not being honest about money and how you deal with it is just simply ignoring the problem. If you pay your credit card debt on time, your bills by the due date but aren’t actually getting ahead, you’re fine with that. The truth is you should be proactive with your money and figure out how all those hours worked and money earned can start translating into a savings account or a retirement fund that finally is relevant.
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