Last week there were a bunch of guest posts over at Blogging Away Debt and one in particular really struck me, it was by Golbguru from The Tao of Making Money. The post was about Zen and the Art of Financial Prudence; the Zen aspect along with a comment that was made about deconstructing your financial situation and then building it back up correctly really got me. I’ve been struggling to keep my finances in some semblance of order for quite a while now and I keep coming up against stumbling blocks.
The notion of a financial blueprint that was put forward by T. Harv Eker in his book Secrets of the Millionaire Mind struck me because I spent money in often very stupid ways but never gave the thought of why any merit. The post by Globguru not only made me think about this but also made me think about this idea of a financial blueprint. I’ve been thinking about this for a few days and the more I thought about it the more I figured I really needed to stop and have a conversation with myself and honestly try figuring out why I spend money so poorly and why I have such a difficult time saving it up.
The basic premise behind the financial blueprint is that you didn’t make your spending habits they were made for you by what influenced you when you were younger. Some of these influences were reasonable and good and others were well pointless. I’ve never really thought much about how I spend my money let alone why. I think it’s time to change this; I don’t want to fritter away my hard earned money on stupid things anymore and I think I really need to look at my spending habits and adjust them. But before I try to make changes in how I spend my money I think I need to get down to the meat of why I spend my money the way I do. I think this will give me a stronger understanding of my financial self and once I’ve got that all figured out then maybe the changes will stick a bit better.
Struggling with my money has always been something I’ve dealt with no matter how much money I made I’ve always just spent more without really noticing it. Over the next couple days/posts I want to look into this in a bit more detail. I’m going to be honest with myself to the best of my ability and the scariest part is I’m going to put it down on paper. Having lofty financial goals is all fine and dandy but I’m never going to reach them if all I do is spend more than I make.
[tags]spending, financial blueprint, money, financial situation[/tags]