‘Relationship’ As soon as you read this word, what is the first thing that came to your mind? We are sure that it must be either a person or at least something related to humans.
Whenever we think of a relationship, it is mostly related to a human being. And as we understand the importance of a relationship, we believe in doing everything within our reach to nurture and strengthen a relationship that is close to our hearts. Don’t we?
While giving our best to preserve all the valuable relationships with humans, why do we ignore the ‘Relationship With Money’ which is also equally important and precious?
Just like you need love, care, and understanding to develop and maintain any relationship as a human, you need an equal amount of care and understanding to develop, nurture and maintain your relationship with money. Believe it or not, money is an important instrument that helps you build and maintain healthy relationships with humans.
Therefore, it is immensely important to build and develop a healthy relationship with money in order to build and maintain your relationships with humans.
So, here are some of the most reliable ways to change your relationship with money;
Before starting, as most of us start thinking about humans when we think about the relationship, let’s make this relationship-building easy by changing our perspective and assuming that money is one of the most important human beings in your life with whom your current relationship is not as strong as you wish, but you need to make it the strongest.
1. Identify Your Relationship With Money:
The first step to improving your relationship with money is to identify the current status of your relationship with money and get the answer for ‘What Went Wrong’ or ‘What Is Going Wrong.’
2. Give Your Time:
As no relationship can work without giving time, take out time to identify the issues, understand them and address them.
3. Make Money A Priority:
When it’s about a relationship, who would not want to be prioritized above most of the things, if not everything.
The next time whenever there is an important occasion, event, or incident that may require you to go off-course from your decided plan, think about money before anything else and give it the priority it needs. This will undoubtedly make money feel important, valued and will strengthen your relationship.
Also Read: Things to Teach Your Kids About Money Management
4. Show Some Care:
Just as every relationship requires care to make it strong, it is extremely important to show that you care about your money and do not just blindly splurge it on unnecessary and unwanted things without any kind of money management. It is necessary to care for each and every penny that you earn with your hard work and also ensure you spend only where it is required in order to make optimum utilization of your money.
5. Show Some Love:
As they say ‘love grows with time’, avoid living paycheque to paycheque and spending most of your money right within a few days of getting paid. Spend as much time you can with your money and keep it with you for as long as you can. Protect it from getting spent unnecessarily by saving it using long-term FDs, Mutual Funds, or any other investment options that will not only help you keep it safe, but also enable your money to grow with time.
6. Make A Commitment Forever:
A commitment is one of the most important factors that make a relationship concrete and long-lasting. Make a commitment that you will treat your money in the best way possible, make a priority list of expenses having essentials at the top, save and invest a particular amount of money every month for the long term and never mistreat your money.
7. Take Responsibility:
Sometimes it becomes extremely easy to blame several factors to justify your reason for not being able to improve your relationship with your money. Sometimes, there may be some factors that are out of your control, but you must learn to take complete responsibility for your many and give your best try to make the most of everything that is in your control.
Now that you have taken the first step towards changing your relationship with money by making a decision to change your perspective, approach, and mindset, let’s wait no longer and start right away, as the sooner you act, the sooner you will be able to build and maintain an everlasting relationship with your money.
A financial planning platform where you can plan all your goals, cash flows, expenses management, etc., which provides you advisory on the go. Unbiased and with uttermost data security, create your Financial Planning without any cost on: http://bit.ly/Robo-Fintoo
Disclaimer: The views shared in blogs are based on personal opinions and do not endorse the company’s views. Investment is a subject matter of solicitation and one should consult a Financial Adviser before making any investment using the app. Making an investment using the app is the sole decision of the investor and the company or any of its communication cannot be held responsible for it.