How I Realized That Not All Financial Goals Have To Be Extreme

I learned that the decisions we make though small can greatly impact our future. One goal I forgot I had was to get my college degree. How do I plan to reach this goal? Many financial goals require a combination of money, time, and energy. I might receive scholarships to pay for tuition or I may need to take out a loan. Most university programs require tuition, books, and other academic tools. There’s also the possibility that I may need to pay for a dorm or get an apartment off-campus. But with that there’s also the cost of bills as well as personal items.

To manage the bills and buy my personal essentials I must get a job and figure out how to balance school and work. I have also been thinking that finishing a degree also requires time. I would need to attend class, study, and complete work. Finally, I must do the work to complete my time at college and receive my degree. This may require hours of studying each week as well as working on assignments and other homework.While reading this lesson I learned one of the key strategies in making responsible financial decisions is to leave emotions out of the decisions.

We are all tempted to make impulsive financial decisions based on our emotions. For example, we might buy ice cream when were sad, or break things when were upset and even buy other people things when were happy. I have also learned and have came to find out that these actions might make us feel better in the short term, they might have real financial consequences for us later on. I heard a very influentual person in our society once say that when faced with problems he makes quick decisions; so much so that he has told his wife not to tell him about problems within their business and platform if she didn’t want him to make quick decisions.

Instead of making these quick decisions we must take a bit of time to think about a decision rather than make an impulsive one. While this may mean missing out on a chance or an opportunity; waiting a day or two allows us more time to consider the advantages and disadvantages of the financial decision that we are making.

While speaking with my mother one day she told me about an app that informs her about the things and places she’s been either spending alarming amounts of money on or visits frequently. She told me that it is important that I lastly review the financial decisions that I’ve already made or your current spending habits. This can be useful to us later on and help us avoid pitfalls and strengthen the things that you do well with our spending. For example, do you always need to have the latest i phone, or can we be content to wait until the price drops before purchasing new technology or devices?