Tips on money that you should not hear from anyone

Even your own parents with certain behavior instilled in you bad habits that you have about the use you give your money. Avoid them in time to have your finances better straightened out. It is common to receive all kinds of recommendations, is what we do all the time on our page, where we want to help you, so you earn little, you can manage your money so well that it will reach your needs and even for a saving or investment.

Tips on money

It is also normal to make bad decisions regarding the allocation of resources. They are terrible advice we receive from a friend, a family member. That we have inherited from our parents and those terrible recommendations paid later with our own pocket. For Jocelyn Black Hodes, author of Daily Worth, the parenting we receive from our parents has a direct impact on what we do with life, in financial terms.

Therefore, you cannot continue as a ‘weather vane’ waiting to call because you won the jackpot of the lottery. That is not going to happen there is barely a minimum possibility among hundreds of millions of odds. It is even more likely that he will hit a lightning bolt at some point in his life to be the winner, say experts in the field of statistics. A parent who lived very large or very restricted, or divorced even those who not talk about money can leaved lasting financial impressions. If you received some of the following bad examples, start by correcting them because you might have spoiled. It is leading a lifestyle beyond your means. Challenge yourself to live modestly, without seeing them as a setback. These are the tips or behaviors that can negatively affect your money usage habits and what you can do to overcome them.

They taught him to be very thrifty

The behavior: Because they needed to keep a tight budget, they tried to teach him a lesson. They put themselves financially first which seemed to deny him everything you wanted as a child. The influence: you compensate for that lack by spending more. We have all heard the story of someone who had strict parents who had a son who became a rebel without cause. Well maybe you are acting like this with your money because your parents lived depriving themselves of many things.

The solution: talk with your parents about the reasons they had for those decisions. Perhaps the explanation may sound more convincing today than you could understand as a child. Anyway, know that your revenge for your childhood deprivation is your financial prosperity. Change that rebellious aura and start saving instead of spending everything. If your will is not enough to avoid over-spending, please establish an automatic savings plan as soon as possible.

His parents spoiled him

The bad example: perhaps their parents did not consent enough when they were children. In response, they wanted to give all the comforts to their children. Then you surrounded yourself with the best toys, the best birthday parties and everything you wanted, given to you. The influence: you feel labeled to lead a luxury lifestyle. Children raised in a consensual manner, usually expect that they can and should receive everything they want. The problem is that perhaps your income is not enough to allow you to have a comfortable life. Perhaps that can lead you to borrow beyond your means.

The solution: change your perception that you are the call to have everything now in order to reach your financial freedom later. Try to prove that you can live modestly and then set aside your savings for more important goals such as buying a home, having a comfortable retirement or maintaining a family. Establish automatic contributions to force yourself to make better economic decisions for the future.

Be generous in the extreme

Behavior: Certain people say that you have to give others more than you do not have what you have. In other words, to give someone else the bread that one puts in their mouth, as a sign of generosity and charity. The influence: your heart is in the right place, as well as that of your parents. But perhaps you begin to feel guilt and start to give more than you can really, because you interpret it as an obligation.

The solution: you have to decide the causes that you want to support and that really are important. Make even a budget for next year’s charities. This expense control should include a space for additional causes that you could assign. Then, program in your bank account the automatic transfers to charitable causes, either monthly or annually.