4 Steps to Harness Financial Self-Discipline

I’m always happy to pass on great info...and this is great info! I’ve included a few snippets below lifted from the full article.

Self-discipline is “the ability to control one’s feelings and overcome one’s weaknesses; the ability to pursue what one thinks is right despite temptations to abandon it.” And when it comes to personal finance, self-discipline is what you can thank for your success — or your failure.

If self-discipline is one of the areas in which you’re lacking, it’s time to regain control. Here are four steps to help you develop financial self-discipline.

Make a Plan

No matter what your financial situation is, you need a goal and a plan. If you want to pay off debt, set yourself a debt-free target date and calculate how much money you need to be paying each month.

If you’re trying to save money, tie an amount and a date to it. Giving your goals deadlines make them feel more real. You need concrete numbers to work towards. Break your big goals into monthly, weekly, and if applicable, daily goals. This is your plan.

Pick Yourself Back Up

You are human. You will mess up. You will fall down. That’s okay: just remember to pick yourself back up.

If you’re willing to make temporary sacrifices to get to where you want to be, your efforts will pay you back tenfold. Practice self-discipline in your finances, and you’ll soon find it spreading throughout other areas of your life. Before you know it, you’ll be the person you always dreamed of being.

Do you need more detail on this subject? Head on over to the full article here for more ideas and perspective. Afterwards, why not drop me an email to share your thoughts at [email protected]; or call me on (0411) 680 978.

Thanks,

PJ