Money is intrinsic to most of life’s essential needs. It is our universal exchange system; it measures the value of our goods and services and provides security and certainty for our future. However, despite this, most people still do not manage their finances very well, if at all.
So, what are the consequences of not managing money?
Here are just a few:
o A life fraught with money problems.
o Not having the financial freedom to do the things you really want to do.
o No security.
o Tied to an unpleasant or unsatisfying job, simply because it pays the bills.
o Envy of others who have more than you.
o A restricted lifestyle.
o Lack of choices.
o Reliance on social security after your working years are over.
o Inability to be proactive in your life.
The only way to overcome money problems is to start taking matters into your own hands. You must become proactive and take some immediate remedial action.
You cannot change your financial past but you can change your financial future. Constructive change will only result when you decide to take control of your circumstances. Here are some of the benefits of managing money:
o A strong inner feeling of safety and security, knowing that your future is provided for.
o A happy life, full of choices.
o Doing the work you want to do.
o A stress-free life. There’s nothing more stressful than having severe money problems. It stops you from performing well in other areas of your life.
o Financial independence gives you the freedom to make life choices. You deserve to live the life you want.
o A feeling of peace and security.
Empirical studies have show that that along with job satisfaction and fulfilling relationships, being financially secure is one of the major factors that delay ageing and prolong life.