We all spend a great deal of time thinking about money. Here we expose your main money worries so you can see where you fit into the picture.
Fear is an emotion or fear appearing at the sensation of danger. This danger may be real or imaginary, present or future. It is something that occurs in all animals, including humans clearly. It is said that there is real fear when the dimension of fear has correspondence in the magnitude of the threat. On the other hand, fear can be regarded as neurotic when the intensity of the emotion as dangerous has no relation to the actual danger.
Finally, it is important to know that fear can be a trigger to drive or can paralyze.
Now, in terms of personal finance, there are several different types of fears that can be very harmful to the domestic economy and it would be smart to detect and analyze in detail, in order to control them.
Are we afraid or fear has us? To answer this, consider the following four fears can make you lose money.
Going for broke
One big money worry is spending more than you have, of going on a spending spree. Many people find shopping something that fires them up, that makes a break from the tawdry dull world. Things go bad, let’s rush into the mall and buy three pairs of shoes. No cash – hey what are credit cards for? And while we are there we won’t bother to cook a nutritious meal at home – its burgers and milk shakes all round. This can’t go on forever because it’s one hell of a slippery slope. Make a start by cutting up as many cards as possible. Use cash and become really mean about everything. It’ll all turn out better in the end.
Be a saver, son (or daughter)
The second worry is the other side of the coin. What about that rainy day? With our society so focused on consumerism – spend spend spend (see above!) and things that you must have immediately that the importance of saving gets forgotten. People find that they can cope with day to day expenditure but then something big comes out of the blue and they are hit really hard. Young couples setting up home really need to get into the savings habit as early as possible and there are many attractive schemes. In next to no time, they will have a nice little nest egg to be used wisely and not frittered away.
Growing old
When we are talking about saving, let’s talk about the time when your savings will count most of all – retirement. It is never too early to plan for the day when you won’t have your pay check each month and the sooner you start the better.
You can work it out
Finally, if you are having nightmares about money, download a budget scheme from the net, give yourself time and keep to it. You’ll feel so much better. And if you slip up, remember that a car title loan is available an hour after application.
