Post Image

When we think of relationships, we frequently consider our interactions with others. Our life experiences have taught us that relationships with other people can be healthy or toxic depending on a variety of factors. How many of us, however, consider whether our relationship with money can be the same? Money, depending on our values, can make us feel secure as we provide for ourselves and those we care about. Our happiness may be derived from the financial sacrifices we make. If we do not have the things we desire, money can make us feel insecure. This article will look at how you can improve your relationship with money.

Read more about Finance

1. Make a budget for your finances.

There is always a road map for any journey so that you do not get lost along the way. It’s the same for everything; having a plan in place makes it easier to get to where you want to go. Determine how you intend to pay off your debts, supplement your pension, increase your savings, or put money aside for personal goals. Not to mention, prioritize your goals to save yourself the stress!

2. Make Saving Automatic

This is yet another way to improve your financial relationship. According to studies, people who automate their savings save more than those who do not! This is due to their consistency in deposits and outgoings. Consider this: if the funds have already been automatically assigned to your savings accounts, you will become accustomed to not having that amount in your account, which means more for your savings and an improvement in your relationship with money.

3. Clear your debts

If you want to improve your relationship with money, being in debt for a long time will be a hindrance.

Sign up for the Connect Nigeria daily newsletter
It can make keeping up with day-to-day expenses and savings more difficult. Here are some debt-management tips:

Pay off your debts as soon as possible

Contact your creditors to see if they can reduce your interest rate.

Begin mapping out your debt-payoff goals, including amounts and timelines, to help you track your progress and stay on plan.

4. Establish goals for yourself

You probably want to set personal goals, and money can help you achieve these goals. Setting goals provides you with something to strive for. When setting goals, keep in mind that they should be measurable and attainable! It’s pointless to set unrealistic goals for yourself because it will only sap your motivation in the long run.

Register to attend the Connect Nigeria Business Mixer
To avoid being overwhelmed, break down your big goals into small, easy-to-digest chunks.

5. Assess and monitor your spending

Keeping track of your daily expenses is another way to improve your relationship with money. Begin by keeping a record of what you buy, and where you buy it, and categorizing it to better understand your spending habits. Tracking your spending will help you determine where you need to make changes. To avoid overspending, set aside a time and a day each week to compare your actual spending to your budget.

6. Modify your financial mindset

Changing your perception of how you manage your money requires understanding what you require and desire. Keep a diary, read inspirational books on the subject, find a mentor, or even watch motivational videos or listen to podcasts to stay motivated.

It is not easy to make money. So it’s critical to understand how to keep money and build a strong relationship with it. We hope this has given you some ideas for how to improve your financial relationship!

Featured Image Source: The Guardian
Got a suggestion? Contact us:

You might also like:
This article was first published on 1st June 2022


Grace Christos Is a content creator with a proven track record of success in content marketing, online reputation management, sales strategy, and so much more.

Comments (5)

5 thoughts on “Ways You Can Improve Your Relationship With Money”

  • Wooow. Thanks for this information. It really helped.

  • Hello. magnificent job. I did not imagine this. This is a fantastic story. Thanks!

  • You are my breathing in, I have few blogs and sometimes run out from to brand : (.

  • Hmm it appears like your website ate my first comment (it was super long) so I guess I’ll just sum it up what I wrote and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to the whole thing. Do you have any points for beginner blog writers? I’d definitely appreciate it.

  • Somebody essentially help to make seriously posts I would state. This is the first time I frequented your web page and thus far? I surprised with the research you made to make this particular publish amazing. Wonderful job!

Leave a Reply

Your email address will not be published. Required fields are marked *