Emotionally Connect with your Money
Posted by Tony Edward on Wednesday, October 6, 2010

A new survey shows people's relationship to the economy and their personal finances are deteriorating. Some of the people who were surveyed say that money makes them feel crazy, nervous, scared, complicated and confused. This is no surprise as many have been and are still going through tough times due to the recession. But having a good outlook and a positive attitude toward your finances will help you make better financial decisions. When we harbor negative feelings with money and about money it creates a mind trap in our head. This in turn makes us unable to make healthy rational decisions.
So how can you develop a better attitude towards money? To get the mind set and discipline you need to build your financial life. Here are some tips.
1) Don't ignore - Some people are afraid to look at their bills, 401ks, bank accounts. Don not do this, avoiding reality will only grow your fear. Monitor all you finances on regular basis and accept the facts.
2) Be in Control - Along with staying active with your finances is being in control, do what you can to get yourself out any financial burden or disappointment. Plan and work out solutions for your financial problems.
3) Turn Fear into Motivation - If you have a fear of losing your job, house, paying your bills, then turn that fear into a motivation to overcome the financial situations you're facing. This may be difficult but climbing uphill is never easy but it's better than tumbling downhill off the cliff.
4) Cut more Costs - You might have to give up some luxuries and spending, cut costs as much as you can. Save as much as you can to get yourself financially stable.