I remember the days of my teenage years – I loved money, but I absolutely HATED the idea of saving it. My motto was simple, I earned my money, and I planned to enjoy it as soon as possible, because I could always get more. I have to be honest, if I could travel back in time, I would do so just to slap some sense into my own naïve self! Seriously, what was I thinking? Thank goodness times have changed and I’ve actually gained some financial literacy. In fact, nowadays, I’m addicted to saving my coins. Now I have 5 savings accounts, here’s why you should have multiple savings accounts too…
Money relationships can be complicated. If you could rate your relationship with money on a scale from 1-10, what would it be? If it’s anything less than an 8, you have some work to do. Having a healthy relationship with money is key to being financially stable. In fact, the way you relate to money has a direct correlation to the way you behave towards it. Further, your financial goals and how you use money are determined by your habits, thoughts, and feelings about money. So, if you want to improve your finances, you must first cultivate a healthy relationship with money.