If you’ve ever set out to accomplish big goals like keeping a tight budget, saving or getting out of debt, it can be incredibly discouraging and frustrating when it feels.
If you’ve found yourself in a situation like Stacy, I want to give you three practical tips for dealing with a budgeting setback.
Shift Your Thinking
Thinking “this is the worst news ever. I’ll never get ahead,” will likely cause you to feel hopeless or apathetic. Whereas, thinking, “this wasn’t expected.
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To stay engaged with your goals, changing the way you think about your circumstance can make the biggest difference in how you attack future obstacles and move forward in achieving your goals.
Create a Plan
When unexpected events occur, hold an emergency budgeting meeting (which is a fancy way to way discuss your budget with your spouse). Evaluate your finances and create a plan together.
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Don’t Give Up!
In none of those circumstances do you say, “That’s it! I’ll never get to the store. I’m turning around,” and abandon our plan to get groceries. Instead, you know that if you keep going.
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The same is true with your financial goals. You may get stopped for a little while but the light will turn green and you will keep making forward progress to your goals.
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