Whilst I believe that education is important, – especially personal development, that is never ending – it is not necessarily the best reflection of our lives. Our habits however give us a very clear picture as to why we are where we are at any given time.
Habits are very easy to develop, some we create consciously, others we create subconsciously based on our environment, thoughts and outside messages that we make our own. Identifying and breaking bad habits however can be hard.
Why Is It Hard To Break These Bad Habits?
Because ‘bad habits’ became a program in our subconscious, we do them without thinking. To break these habits we first need to become aware of them. This is where setting your budget becomes a good start, because sometimes we do not recognise our bad habits instantly.
Interestingly you may find that your bad habits with money also reflect in the bad habits you may have with time or food. For example, do you find that you are always running late or eating the last morsel on your plate? Do you feel that you never have enough money to go around? They are all the sign of a lack mindset. Which one came first? Hard to say, it is a vicious cycle.
Once you identify the bad habits, the real work begins. You will have to consciously turn these bad programs around. You will have to convince your subconscious that the previous program was incorrect. The reason this can be challenging is because you have 10% of your brain (the conscious mind) fighting 80% of your brain (the subconscious). You can see that if you are not being convincing enough, this can be a tough battle!
When it comes to money, most people have bad habits, let’s face it, most of us didn’t get training in abundance. Consequently, what you may find that you want to set aside money for investing every month, but then you see a sale on some shiny new object you wanted for a while and the next thing you know, that money is gone. The problem with this is that not only you didn’t get to build your wealth, you also damaged your self-belief because you broke your promise to yourself.
So setting your budget doesn’t mean that you do the exercise on paper once off. It means that you set up automatic payments for all things you can automate. It means that you review your budget when circumstances and situations change. And you keep track of your spending to make sure that you are not taken off track by shiny objects.
Budgets also help you to set financial goals and targets and keep you accountable to make them happen.
It can sound tedious to set your budgets up initially, as you have to go through every little cost from utilities, to groceries, insurances, schools fees, rent, mortgages etc. You also don’t want to make it so strict that it suck the fun out of life – so make sure there is money set aside for fun!
To become a conscious spender instead of a consumer drone set your budget up now, and start building your awareness.
Budgeting alone can be hard, if your head and your heart doesn’t align with your goals and actions! Want more help to get your finances under control? Check out the Unlimited Results Academy for some online resources to help you.