|Ditch the Guilt and Build Your Financial Future|
I started this blog to help me stay motivated to declutter my home and pay off my student loan debt. My student loan debt has been around for ages, and it’s a huge source of worry and guilt for me. When I start to get really down about my debt, and the poor choices I made that got me into debt, there are a few things I do that help me stay positive and continue to work to pay off my student loan.
Money Guilt Remedies
1. You can only control now…with an eye on the future.
Whatever financial mistakes you made in the past are in the past. Those purchases you made five years ago? There’s not a whole lot you can do about them now, except pay them off if you made them on a credit card. Regret going to graduate school and taking out student loans? What’s done is done. You can’t return an education, and you can’t go back in the past and not take out a student loan.
2. Make good financial choices every day.
If you’re really struggling with financial guilt, start writing down the good choices you do make. Even if it’s something as small as brewing your coffee at home instead of spending $2 on a coffee at a coffee shop, it’s a step in the right direction. Boost your confidence by showing yourself that you can make great financial decisions.
3. The little things add up.
Making small changes to your spending and saving habits will make a big difference in your financial situation over time. I started couponing in 2007, and it’s saved us thousands and thousands of dollars over the last seven years.
4. Be prepared to make your next big financial decision.
Really research any financial decision you make from now on. I know that one of my biggest feelings of financial guilt comes from not knowing and not learning about the financial choices I was making. Doing your research will make you feel more confident and in control of your finances.
5. Start an emergency fund.
If you haven’t already done so, start an emergency fund. Fund it with the amount of money you think you’d need to survive if you lost your job, or had some other financial emergency. Having a solid backup will help you sleep better at night.
6. Declutter the evidence.
Is that Wii console that you spent $200 on five years ago sitting in the corner of your living room collecting dust, making you feel guilty for buying it every time you see it? Sell it, and use the proceeds from that sale to pay down your debt and/or start an emergency fund. If you’re no longer using your stuff, find a way to sell it or get rid of it. The less junk you have in your house, the less time you have to spend cleaning and maintaining it.
How do you deal with financial guilt?
photo from PublicDomainPhotos