Discover that trial and error is a natural part of learning to successfully manage money and achieve financial goals. Learn the solution is to not get stuck in identifying with the problem ("I'm bad at this"), but to focus on where the plan went off-track and what can be done differently.
- If you've ever tried to live on a budget,…you probably also had the experience…of falling off that budget from time to time.…Before you despair that you're bad with money,…you might want to determine if these slip-ups…contain clues for future budgeting success.…To find out, ask yourself these three questions.…First, what exactly happened?…All financial behavior has meaning.…And things we consider mistakes…contain important information about…how we use money to take care of ourselves.…What was happening when I made those choices?…Who was I with, and what was I doing?…What happened right beforehand?…If we can identify the triggers that caused us to overspend,…we may be able to avoid those circumstances in the future,…or account for them in our cash flow plan.…
Case in point, I often see a phenomenon in my practice…that I call a dissociative splurge.…When we're spending a lot of energy on self-discipline,…something will come along that causes us to slip.…Once that slip happens, it's like…that discipline part of ourself goes offline,…
Skill Level Intermediate
Financial Wellness for Couples and Familieswith Amanda Clayman1h 7m Intermediate
Personal Finance Tips and Trickswith Jane Barratt2h 58m Intermediate
Your Money Management
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