Adulthood. It’s that moment when you realize you can do whatever you want. You can eat ice cream for dinner. You can buy the red shoes. You can hop from job to job and move from place to place.
But eventually, you learn that being a grown-up is harder than it seems. You realize that earning a living and living a life you’ve earned are two different things.
It’s easy to get into financial trouble without any parameters. It is only when we stop being foolish with money that we can really change our lives in a positive way.
How to Stop Being Foolish With Money
If you’re tired of feeling broke and being broke, it’s time to make some changes.
Stop buying stuff you don’t need.
It’s time to accept that you can’t afford to buy everything you want when you want it. Do you really need what you’re buying? Or are you trying to make yourself feel better? Do you really need stuff? Or are you trying to keep up with friends and family? Learn how to curb those impulse buys, and figure out how to make do with what you have. You’ll discover you’ll have more money in the bank.
Stop hanging with the wrong crowd.
We all have that friend who loves spending money on gadgets, clothes, or experiences. It can be fun to hang out with that person, but it can also be incredibly expensive. If you find yourself spending more money than you should when you’re with this friend, try to come up with low-cost alternatives to the festivities. If your friend can’t accept your frugal ways, focus on finding friends who do.
Stop keeping up appearances.
It’s easy to waste a fortune when you’re trying to impress others. The green-eyed monster of jealous has a way of rearing its head, and we spend money trying to dress a certain way, drive a certain car, eat at a certain restaurant. Your true friends will love you for who you are. When you stop worrying about what others think is when you can really begin to save.
Stop taking unnecessary risks.
One of the easiest ways to be foolish with money is to fail to protect yourself and your assets. Make sure you have adequate health, home, auto, and life insurance. Avoid putting yourself in situations that could compromise your health or career.
Stop pretending you’re not getting older.
When we’re fresh out of school, we all think we’re going to live forever. But the reality is that most of us will live to a good old age. Prepare for a full life. Start funding your retirement. Start planning where you want to live and how you want to live. Take care of yourself and your relationships.
We can be foolish with money and struggle, or we can find ways to be smarter about how we make money, spend money, and invest it. Which would you rather choose?