"We do things not because they were easy, but because we thought they were going to be easy." ~ parody of JFK quote on going to the moon.
Yes, a number of personal finance activities are hard to do, even though they sound easy.
Here are some hacks to make the hard to do, easier:
- Automate. Have contributions to savings or retirement accounts done automatically. Don't need to think about it or put any effort towards it except for the initial decision.
- Routine. I set up my bank to receive most of my bills on its bill pay service. When the bill shows up, I pay it and have the funds withdrawn the next day, way before the due date. That way I have a running current balance in our bank account and know immediately whether I have enough funds and the amount remaining.
- Habit. Here are examples of some financial habits. Regularly use cash instead of credit cards. Buy only what one needs, instead of things that one wants. Always have a three month emergency fund. Put a percentage of raises into savings.
Progress will happen and, of course, YMMV.
This is not financial advice. Please consult a professional advisor.
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