Why You Should Spend More Time Thinking About Money

Some people are inclined to think about money more than others. And thank goodness, because this leads to the individuals who have their financial planner certification and can help others with their money goals!

However, even those who have a financial planner need to think about their money. Truthfully, most of us need to do so more often and more positively.  

 

Education Can Lead to Better Money Insights 

It might be time to add to your financial education. For example, taking the Canadian Securities Course can help you feel more confident in understanding investing. You don’t need to have a goal of working in financial services to take a course like this. An open mind and a willingness to learn more about where your money can be invested (and how those tools work) is all that’s required.  

 

Alternatively, if you’re an entrepreneur and your efforts to keep your business’s financial matters in order stress you out, it’s time to find better ways to approach the finance side of things. Those in business don’t need to earn an accounting degree to be better with their money. All it takes is some insight into where the pain points are.  

 

If it’s generally tracking, monitoring and basic bookkeeping, taking Quickbooks training might be a solution. Payroll courses might be of assistance if you’re feeling overwhelmed by payroll issues and even a Canadian taxation course could be of benefit to better understand write-offs and tax law requirements.  

 

Creating a Positive Money Attitude 

The people who have taken an accounting program think about money all the time, why not you? Does it stress you out? Make you uncomfortable? Feel like something you shouldn’t be thinking about? Or maybe you think about it too much because it’s a constant worry source. 

 

It could be that the way you think about money is more of an issue than the amount of time you spend thinking about it. Perhaps you’ve heard of a money mindset. This is your beliefs, values and attitudes around money. Some people have a negative money mindset and spend a lot of time thinking about money in a poor light. Don’t worry, you can improve a negative money mindset. 

 

While there’s no one-size-fits-all solution to improving you financial r relationship with money and your financial situation, there are definitely some great pieces of advice to help. As soon as you realize you want to change the way you think about money, you’re automatically making a positive switch. You’re also guaranteed to be thinking about money more often and looking at your thoughts around money. Try some of these tips to create a more abundant, improved mindset: 

 

• Think about how the people around you spoke about money when you were growing up. Was it hard to come by? Only came to those who worked really hard? Was all about luck? Consider the stories you heard that have helped to form your money mindset and accept that not all of your beliefs about money are your own making.  
• Track where you spend money and the feeling it causes. Every item you buy, from new sneakers on Amazon to milk on the way home from work, make note of the amount spent and how you felt about buying it. Knowing what emotions are triggered can be helpful in unravelling them. 
• Plan to review your financial situation once or twice a week. Before you open your banking app or paper statements, put a positive vision in your mind of what you want your account balance to be and the life you’d live with the money situation you hope for. While what you look at on the statement won’t always line up with that vision, you know where you want to head and what that feels like.  
• Consider working with a financial specialist. Find someone who can help you budget, invest, reduce debt or tackle your other most pressing financial concern. It may be that a financial coach feels more like a therapist than a financial planner, but when dealing with a negative money mindset, this is a great option! 

 

Many of us need to think about money more often. It doesn’t mean you’re planning to start a career in the financial services field, but becoming more educated and improving your money mindset are great ways to make positive improvements.

Written by: Ronda Payne