Archives financial habits - My Daily Magazine - Art, Design, DIY, Fashion and Beauty ! MyDailyMagazine.com Mon, 13 Apr 2020 07:38:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Worried About Finances in the Time of Corona? https://mydailymagazine.com/worried-about-finances-in-the-time-of-corona/ Mon, 13 Apr 2020 10:41:00 +0000 https://mydailymagazine.com/?p=41277 While some people find all this sitting at home good for their finances as there’s nothing to spend money on, others are worried about the consequences of the pandemic. Many people have been hit hard and lost their jobs or had to close businesses and they’re now panicking, not knowing how all this will turn […]

The post Worried About Finances in the Time of Corona? appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

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While some people find all this sitting at home good for their finances as there’s nothing to spend money on, others are worried about the consequences of the pandemic. Many people have been hit hard and lost their jobs or had to close businesses and they’re now panicking, not knowing how all this will turn out. Here’s how to get through this rough period.

Consider the Worst Scenario

This doesn’t mean you should let panic and anxiety take over your life. It means that you don’t have to be afraid of what might happen. Try the psychological technique called exposure therapy: think about the worst possible outcome and ask yourself what would you do if that happens. You’ll probably realize that there are many options at any point.

Reevaluate Your Spending Habits

Are you regretting some non-essential purchases you’ve made in the past? Don’t dwell on them, but think about how you can change your spending habits in the future. This is a great time to reevaluate your priorities and create life and financial goals.

https://www.instagram.com/p/B-4Z7J3J-kD/

Practice Gratitude

Go through your possessions and organize them. You’ll see that there’s plenty to be grateful for. Use what you have and be extra careful when you want to buy something new that’s not essential for your life.

The post Worried About Finances in the Time of Corona? appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

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Habits to Avoid If You Don’t Want to Save Money https://mydailymagazine.com/habits-to-avoid-if-you-dont-want-to-save-money/ Mon, 16 Dec 2019 08:06:20 +0000 https://mydailymagazine.com/?p=32046 Your bank account is directly connected to your lifestyle and your habits, and of course, the amount of money you make. If you have certain habits that drain your bank account month after month, how much you’re making won’t make much of a difference. Here are some habits to avoid if you want your financial […]

The post Habits to Avoid If You Don’t Want to Save Money appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

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Your bank account is directly connected to your lifestyle and your habits, and of course, the amount of money you make. If you have certain habits that drain your bank account month after month, how much you’re making won’t make much of a difference. Here are some habits to avoid if you want your financial health to be better.

https://www.instagram.com/p/B5KaMT9htcd/

Not Knowing When It’s Okay to Spend More

Saving and living frugally can be great, but if you pinch pennies everywhere, you may have to pay more in the future. For example, not paying for a dental intervention can cost you a lot in a few months when the problem becomes bigger.

Living From Paycheck to Paycheck

Never spend everything you have before the next paycheck arrives. Having a savings fund is a crucial thing for anyone’s financial health.

https://www.instagram.com/p/B3eJcV1gl6z/

Not Investing In Knowledge

Taking a course and learning something new may not bring you instant gratification, investing in knowledge is much more important than buying a new bag or a pair of shoes, no matter how pretty they look.

Procrastination

If you’re not a stranger to spending countless hours on your sofa mindlessly watching Netflix or scrolling through social media, you’re losing valuable time that you could put into working extra hours or learning a new skill.

https://www.instagram.com/p/B58eU5uphfc/

The post Habits to Avoid If You Don’t Want to Save Money appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

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ersion="1.0" encoding="UTF-8"?> Archives financial habits - My Daily Magazine - Art, Design, DIY, Fashion and Beauty ! MyDailyMagazine.com Mon, 13 Apr 2020 07:38:43 +0000 en-US hourly 1 https://wordpress.org/?v=6.5.3 Worried About Finances in the Time of Corona? https://mydailymagazine.com/worried-about-finances-in-the-time-of-corona/ Mon, 13 Apr 2020 10:41:00 +0000 https://mydailymagazine.com/?p=41277 While some people find all this sitting at home good for their finances as there’s nothing to spend money on, others are worried about the consequences of the pandemic. Many people have been hit hard and lost their jobs or had to close businesses and they’re now panicking, not knowing how all this will turn […]

The post Worried About Finances in the Time of Corona? appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

]]>
While some people find all this sitting at home good for their finances as there’s nothing to spend money on, others are worried about the consequences of the pandemic. Many people have been hit hard and lost their jobs or had to close businesses and they’re now panicking, not knowing how all this will turn out. Here’s how to get through this rough period.

Consider the Worst Scenario

This doesn’t mean you should let panic and anxiety take over your life. It means that you don’t have to be afraid of what might happen. Try the psychological technique called exposure therapy: think about the worst possible outcome and ask yourself what would you do if that happens. You’ll probably realize that there are many options at any point.

Reevaluate Your Spending Habits

Are you regretting some non-essential purchases you’ve made in the past? Don’t dwell on them, but think about how you can change your spending habits in the future. This is a great time to reevaluate your priorities and create life and financial goals.

https://www.instagram.com/p/B-4Z7J3J-kD/

Practice Gratitude

Go through your possessions and organize them. You’ll see that there’s plenty to be grateful for. Use what you have and be extra careful when you want to buy something new that’s not essential for your life.

The post Worried About Finances in the Time of Corona? appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

]]>
Habits to Avoid If You Don’t Want to Save Money https://mydailymagazine.com/habits-to-avoid-if-you-dont-want-to-save-money/ Mon, 16 Dec 2019 08:06:20 +0000 https://mydailymagazine.com/?p=32046 Your bank account is directly connected to your lifestyle and your habits, and of course, the amount of money you make. If you have certain habits that drain your bank account month after month, how much you’re making won’t make much of a difference. Here are some habits to avoid if you want your financial […]

The post Habits to Avoid If You Don’t Want to Save Money appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

]]>
Your bank account is directly connected to your lifestyle and your habits, and of course, the amount of money you make. If you have certain habits that drain your bank account month after month, how much you’re making won’t make much of a difference. Here are some habits to avoid if you want your financial health to be better.

https://www.instagram.com/p/B5KaMT9htcd/

Not Knowing When It’s Okay to Spend More

Saving and living frugally can be great, but if you pinch pennies everywhere, you may have to pay more in the future. For example, not paying for a dental intervention can cost you a lot in a few months when the problem becomes bigger.

Living From Paycheck to Paycheck

Never spend everything you have before the next paycheck arrives. Having a savings fund is a crucial thing for anyone’s financial health.

https://www.instagram.com/p/B3eJcV1gl6z/

Not Investing In Knowledge

Taking a course and learning something new may not bring you instant gratification, investing in knowledge is much more important than buying a new bag or a pair of shoes, no matter how pretty they look.

Procrastination

If you’re not a stranger to spending countless hours on your sofa mindlessly watching Netflix or scrolling through social media, you’re losing valuable time that you could put into working extra hours or learning a new skill.

https://www.instagram.com/p/B58eU5uphfc/

The post Habits to Avoid If You Don’t Want to Save Money appeared first on My Daily Magazine - Art, Design, DIY, Fashion and Beauty !.

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