Financial motivation has been the subject of inspirational books and lectures around the world for some time now. Authors try to show people the importance of having a healthier relationship with their money .
But have you ever stopped to think about what this concept actually means and how it can help you in your daily life ? That’s exactly what we’re going to find out from now on.
Keep following the article, get on top of your finances and get closer to your goals and dreams.
What is financial motivation?
For those who are unfamiliar with the concept, financial motivation means focusing your personal and professional development on your financial health .
In other words, it means being committed to your budget, controlling your spending , making plans that involve your money and staying determined to achieve these goals.
In the same way that emotional motivation in the corporate environment can lead employees to achieve high performance, financial motivation also drives people to pursue their goals , based on a healthier relationship with their resources.
Imagine that an employee wants to take part in a training course, but cannot afford the tuition fee at the moment. With financial motivation, he will direct all his efforts towards achieving this goal.
And the same goes for personal goals, like planning a trip, negotiating your debts, or ensuring a comfortable retirement . Everything becomes easier when you are focused on your priorities.
How important is financial motivation?
Having motivation, focus and engagement in any area is important. After all, you end up performing your activities with much more enthusiasm and disposition .
It’s no different with financial motivation. When you’re determined to change your relationship with money to something healthier, based on principles of planning, responsibility and organization, your quality of life will improve.
Not to mention that motivation is always an essential component in achieving goals and objectives, whatever they may be.
Nine Benefits of Financial Motivation
Anyone can only benefit from financial motivation. If you still had any doubts about this, here are nine benefits that changing your relationship with money can bring to your life:
- Improved quality of life
- Greater determination to achieve goals
- More clarity to make decisions and list priorities
- More conscious consumption
- Development of self-knowledge
- A more organized and planned life
- Stricter control of accounts
- Protection against eventualities
- Willingness to face challenges
How to motivate yourself financially?
The hardest part of making important changes in your life can be getting started . So, if you don’t know how to motivate yourself financially, here are some tips that can help you make this a reality.
Eliminate old habits
The longer we practice attitudes that work against our goals, the harder it is to eliminate these habits.
Since we’re talking about financial health , imagine a person who has the habit of buying on impulse or doesn’t control their spending as they should. It will be difficult for them to change their relationship with money if they continue to act this way.
Therefore, the first tip to motivate yourself financially is: avoid self-sabotage by eliminating old practices.
Visualize your financial reality
To start setting goals inspired by your financial reality, you first need to know your budget in detail .
The advice here is to create a complete spreadsheet with all your income, fixed basic costs and other occasional expenses. This way, you can have an overview of what your monthly income actually is and then know the margin available for you to invest in your plans.
To create this map of your personal finances, you can count on the support of technology. There are several tools that can help you create this report and, consequently, awaken your financial motivation.
Set priorities
Within your budget, you will need to set priorities to find your financial motivation.
This task can be facilitated by the process of self-knowledge , which, for those who don’t know, concerns our ability to better understand what is going on inside us.
Therefore, this skill helps you to better control your expenses, spend less, save correctly and make investments according to your goals.