How to feel fulfilled without being worried about our finances?

Correctly managing day-to-day personal finances goes far beyond being a technical task; It is also a fundamental aspect of personal development closely linked to our ability to manage time and emotions. Of course, it can be a complicated process for many people who are often overwhelmed by the amount of expenses they have or because of the difficulties in reaching a balance between what they spend and what they earn without suffering large amounts of stress.

There are those who end up exhausted due to the psychological exhaustion to which they submit in order to control the arrival and departure of money; they live it as if it were impossible to combine good money management and good mental health. And if, in addition, we not only want to limit ourselves to reaching the end of the month, but we have also proposed to self-actualize ourselves through personal development, everything becomes even more uphill. But the truth is that there is a lot we can do to feel fulfilled without always worrying about our finances. Let's see some ideas and tips that go in that direction.

• Related article: "Personal Development: 5 reasons for self-reflection"

How to feel fulfilled without constantly worrying about our money

These guidelines, tips and strategies help us to reconcile personal development and good financial management.

1. Set simple and clear savings goals

Setting monthly savings goals is one of the first tips we can follow to stop worrying about our own finances and start living with one less worry.

These monthly savings goals or objectives will serve as a reference to know what our level of spending is so far during each month and therefore modulate our expenses.

Savings goals can be combined or not with other monthly investment goals, with the aim of not conceiving savings as a hole that simply swallows money.

Examples: set monthly savings goals (they may or may not be combined with other monthly investment goals) so as not to see savings as a hole that swallows money.

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2. Invest only what we do not need to have in the short term

Putting long-term investment strategies into practice is a good way to make our investments profitable. savings as long as we know what we are doing and are aware of the risks that it entails.

There are some tips that we should know to successfully carry out any type of investment taking care of our mental health, such as not investing in highly volatile assets and never invest an amount of money that we need in the short or medium term.

In addition to that, it is of great importance not to embark on markets and assets that we do not know or are not used to, even if a person we trust has done so.

• Related article: "Personal Development: 5 reasons for self-reflection"

3. Always have a cushion of money saved

Always having a cushion of money saved is of great importance for our peace of mind, since we know that whenever something goes wrong we can count on that amount of money saved. It is advisable to save enough to cover living expenses during the period that we estimate we need to find consistent ways of income again and that allow us to maintain ourselves, be it a salary, passive income, etc.

It is important to save that money for emergencies or for any eventuality that may happen in our lives, and avoid spending it on anything else that we may be tempted to do.

4. Do not embark on investment plans in which we are not going to get involved

To correctly manage our finances, it is also advisable not to draw up investment plans on topics that we do not really care about. are of personal interest or may be too complicated to understand to be worth the effort of learning about they.

When we launch a new investment plan that does not seem complicated to follow because we learn about it in a way spontaneously we will have a much greater predisposition to inform ourselves about the news that the sector is going through, the trends of that market etc But if that area of ​​investment does not interest us, it is more likely that only polarizing news will reach us: or those that are very optimistic, or those that are very negative and alarming. Said inertia can end up wearing us down and exhausting us excessively.

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5. Relativize with expenses

Some people view self-care or leisure expenses as wasted money or spent irrationally; however, it is also necessary to spend money for ourselves from time to time and indulge ourselves. Self-actualization cannot be a constant work process without obtaining short-term moments of well-being, leisure and relaxation. AND if we do not accept that fact, we will be prey to an unjustified feeling of guilt.

It is not necessary to seek monetary returns for each money earned or invested, we are human beings and we have well-being needs that we can cover from time to time without any problem.

6. Always have time reserved for ourselves

If we do not set limits to our involvement in the financial world, it will eat up all our free time. We must have a clear schedule that includes moments to disconnect no matter what. AND These moments must be well delimited a priori, should not be based on improvisation (in any case, we can decide to add minutes or hours to them improvised, but not move them in the schedule to prioritize other things).

• Related article: "Self-care through the practice of Mindfulness and self-compassion"

Do you want to delve into financial education?

If you are interested in learning the fundamental aspects of financial education applied to your projects and your day-to-day life, contact me.

My name is Alex González Herrero and I am a coach specializing in Financial Education and Investment; I offer my services in person and online.