| Eve & Elle Olivia & Morgan
Not knowing about your finances is to not invest in yourself.
1# No Financial Goals
It is vital to have financial goals. They will set you up for navigating through decisions you need to make later on and to guide you on what you need to work on and where you are good to go. A good financial knowledge basis is crucial to developing a stable financial basis for yourself. If you are financially stable you are safe to make or undo commitments and focus more on bigger life goals instead of scrambling for money all the time.
2# No Clue about your financial situation
Having no clue about your financial situation is basically having no clue about your wardrobe. You have no knowledge to base new decisions on and you have no clue how previous decisions affected you. By knowing your finances, just as knowing your wardrobe, you know what to do and how to act in certain situations. You will know what will be of value to you and what you already have/own and do not need anymore.
3# Succumb to Emotional Spending
You buy when you are sad to feel better and you spend money to celebrate a happy occasion. Do you see that this way you are always spending for some reason. This is a big trap to avoid. Do not create the habit of rewarding yourself something based on your emotions. You will throw away so much money in doing so ending up with stuff you don’t need, sometimes even want and usually no longer have.
So the goal is...
The goal is to start with being aware of your situation and caring about yourself!
This is where personal wealth starts. If you recognize yourself in any of the above that is definitely a red flag telling you to get control over you finances. You should be in charge of them, not the other way around.We would love to hear from you.