No absolutely not! Let’s start by asking the question- What is money? The simple answer is, it is the method we use for buying and selling goods and services. Nothing more! Just a method of exchange. However, what we make money mean is very different. It can mean status, success, security, happiness or fear and …
Is your Self-Worth determined by your bank balance? Read More »
At Your Money Habit, we feel strongly about the fact that traditional budgeting does not work and no matter how hard you try, you are wasting your time. Before we go any further, let us get clear on what we mean by traditional budgeting. We’re talking the pen and paper approach or excel spreadsheets where you …
For far too long people globally have been stuck in the cycle of living payday to payday, living beyond their means, mounting debt and hanging on by a thread. Have you ever thought about why that is happening and why it’s so widespread? Whenever I asked the question , “What will it take for you …
Now is a great opportunity to take the time to plan out our finances and prepare for the future. We know that it’s important to have a money management plan but it never seems to be the right time. There is always something else that gets in the way and we never get around to …
Everyone dreams of buying their own home at some point in their lives. But for most people, it can remain an impossible dream simply because the costs are too much or that they dread the prospect of securing a mortgage. However, the need for a mortgage doesn’t have to be a curse or even a …
Mastering Your Money So You Can Buy Your Dream House Read More »
Are you actually someone who is really hopeless with managing your money or is it just that you were never taught the necessary skills? I hear the phrase “I’m just hopeless with money” alot. People genuinely believe that if they are experiencing financial stress then it’s because they’re not good with money management skills. This …
Are you actually hopeless with money?| Your Money Habit Read More »
I’ve often heard people say “I just can’t bear to see what my actually money situation is” or “I just can’t deal with it (budgeting)” While this course of action can seem like a good idea at the time, in fact it may even seem like it’s helping you avoid stress, in the long …
As 2018 comes to an end we start thinking about New Year’s resolutions and what would we like to achieve in 2019. I love the idea of a fresh start in a new year and coming up with New Year’s resolutions. The big problem though is that most people forget them or give up in …
2019 New Year’s Resolution Success| Your Money Habit Read More »
When asked to budget their money, we all know someone who sounds like this: “Budgeting is no fun.” “You have to give up everything you like.” “I don’t get numbers.” “It’s such a headache!” Maybe you’ve said some of these things yourself, don’t feel too bad. It’s perfectly understandable when the majority of people have …
It is really unfortunate that many people only decide to budget when they realise that they don’t have a lot of money to go around. That not only carries a lot of emotional baggage and stress, it can actually dull down your budgeting efforts. For example, most of us usually define budgeting as simply …