Savings and Emotional Stability of Financial Planning and Stories from Inspiring Women

It might be surprising for you to realize there exists a strong relation between finance management and emotional stability. If you want to save your money then you need to make sure that you can endure hard turns and large bumps.

Barton Goldsmith, emotional fitness expert says that sometimes the financial conditions of people are not that bad as they make them to be. Due to it, they are unable to live happily and he asks, are you capable of paying your expenses and supporting your family? If yes, there is no problem with you. Even if you are facing a hard time and have to work hard in order to meet the ends, you have to admit that it is a blessing. There are people in the world who don’t have a place to live and a family to feed. Moreover, they don’t even have the source of earning money. If people just start thinking about the conditions of poor people rather than their own then they would be able to live in happiness.

Most of the time, as we are thinking about our financial condition and how we have to face difficulties in covering expenses, we feel anger, depression, and even anxiety. And sometimes, we start to put the blame on others. Do you know its result? Do we feel happy?

No, not at all.

Instead of feeling happy, we feel exhausted and we feel depressed. There are a few things which take a significant toll on our finance including divorce and medical bills among others. However, if you are emotionally stable, you can take the precautions like having some types of savings, medical insurance, and even a line of credit which can help you in your tough time.

But if you are unable to keep your emotions in check, you might make the circumstances worse and even harm yourself. One of the key reasons why we cannot control our emotions is that we don’t the benefits of controlling them. Usually, we don’t know that we have the power and capability of doing almost anything. The power of a human mind is still not completely understood and scientists are researching to understand it.

William T. Vollmann, an American novelist, visited different countries and different areas just to understand the concept of poverty. He met people with varying backgrounds and religions and interviewed them about poverty and whether they believed themselves to be poor. Their answers were surprising and even Vollmann could not answer the questions which arose due to his interviews. For instance, some people said that they were poor and they wanted nothing more than money.

Meanwhile, there were some people who considered themselves to be rich, although their conditions suggested something else.

What I am trying to say is that those people believed themselves to be rich regardless of their circumstance and it contributed greatly to their happiness. In fact, those people smiled more often than the ones who believed themselves to be poor.

If you stop thinking that you are living in poverty or that you are financially unstable, you can be more sensible in making decisions. If you want to save money efficiently, you have to ensure that you are not making any rash decisions. It requires you to have proper control over your emotions. Sometimes, when we are guided by our emotions, we make decisions which we come to regret later on.

Push Intoxicants Away of Financial Planning and Stories from Inspiring Women

TMI or Too Much Information occurs when you think that releasing all the pent-up emotions and feelings of anxiety will make you feel better and lighter. There are some certain events and times when we believe that we cannot hold on for much longer. In such moments, even a single improper decision can be fatal. For instance, if I am feeling depressed because my financial condition hasn’t been improving for a while now and I begin to consume alcohol, it will do the opposite of what I want. From my perspective, I am drinking alcohol to relieve my stress and anxiety but in reality, I am just backing away from my difficulties. And the consumption of anti-stress and depressants never is great.

Most of the youngsters turn to consume alcohol when they are unable to find a solution to their problems and they harm themselves by doing it. Alcohol, drugs, and cigarettes don’t help you but slowly eat you. You should always remember, consuming them will only harm you and nothing else. In fact, if you want to make sane and sensible decisions about your money, never turn to alcohol or any other intoxicant.

If you want to achieve emotional stability and make rational decisions about your money, you need to perceive from a practical standpoint. You should be going over your doubts, looking closely at your assets, and determining what is the best thing that you should be doing at the moment. Maybe you just need to utilize this time for getting your books in a proper order or use it to find the job that suits you.

Need of a Positive Action of Financial Planning and Stories from Inspiring Women

If you really think that your financial condition is deteriorating, you should take a positive action. For starters, if you have education in a specific field then you should do a job. If you have money and you need to manage it, you can learn how to manage it better than before. Just any type of action, you can take any kind of action as long as it can positively help you.

For all concerned women, investing your time in the right cause is better than doing nothing. There is no need for you to go in the wrong direction because there is only one solution for you and that is to move ahead.

Common Emotions and Money

Suze Orman, a financial expert, says that anger, shame, and fear are some of the most common emotions which are associated with money. We think that money is concerned only with bank balance and that is true but it is strongly related to emotions as well. And if you believe that you are an exception, you should be thinking again.

Just how do you feel when you determine that you have finished all of your money and you only have a single penny left? What do you feel? Is it anger, depression, panic, and fear?

Another strong emotion is related to money is hate. Sometimes we are feeling so strong towards our money that we start to hate it and think that it is the root of our issues. Hate is undoubtedly a strong emotion which is capable of ruining us. It would not be wrong to say that due to money, a lot of people have attempted suicide.