Scan your social circle and you’ll notice a range of approaches to money matters. Some splash the cash, others never get a round in. Some talk about it, others brush big worries under the carpet. Just like other parts of life that need balance – studying, partying, romance – it’s wise to take a considered approach to money. Treat it right and money can enhance your life, rather than become a worry. And the sooner you start actively thinking about your relationship with money, the easier it is to spot and stop bad habits.
What should you be on the lookout for? Here are a few pointers for a healthy relationship with money.
Consider your current attitude to money
A bit of self-reflection is a great place to start, so notice what your habits are now. How do you feel about dealing with your finances? How do your parents treat money? Do you think that’s rubbed off on you? If you owe someone money, do you pay them back as soon as you can, or do they need to remind you? If you need reminding, what is it that stops you from paying them back as soon as possible?
Consider whether there’s a gap between where you are now and the goal of a healthy, proactive attitude to finances.
Give it the time it deserves
When life is busy, we inevitably have to prioritise. And let’s face it, everyone prefers fun, pursuing our interests, being social and chilling out over life admin like sorting out money matters. That’s absolutely fair. But there’s also a long-term benefit to regularly staying on top of your finances.
Etch out an hour a month to check if your bills are paid, what’s going in, what’s going out, and your budget for the next month. You could save yourself time, money and stress in the future – leaving you more resources for the good stuff.
