What do we hate most than not being able to afford that which we so much wish we need, things like that get really annoying sometimes it makes us feel incomplete. When you look at the consumption scenario the world finds itself today and the huge amount that gets spent on the mainstream advertisement to get us to buy things we don’t need, having financial discipline might be the hardest habit for anyone to keep.
Look around you and look around your environment, figure out how many things lay in your house that you don’t even need but have spent money on to acquire, go to your garage if you have one, and see things that were once priceless to you turn waste
Everyone suffering from the habit of consumption, getting things they don’t need, and ignoring the most beneficial thing that can bring them huge value in life.
Every black Friday we pretend to want things just because we figure out what we pretend to want might have a discount on this special day.
Just as I said earlier the world is complicated now to maintain the culture of financial discipline, and our consumption habit has driven us to the edge that it is starting to look like an addiction, an addiction that has cost us our financial independence and make us rely more on our paycheck
Financial discipline is coming to terms that you don’t need half the things you say you need from the consumer community.
Financial discipline is taming your wants and needs to save a little dollar more for a greater purpose like investing, we should be able to set away money for an emergency when things hit the ceiling but you will be surprised to find out most household after sorting out their monthly bills and human needs have nothing left.
Not only is a financial discipline about killing our wants and needs that are not a priority it is also about knowing the things you can afford and the things you can’t afford. A lot of people run into debt to acquire something they can’t afford, worst something they don’t even need.
If you can’t afford it then you should learn to live without it, it is not a most you push yourself extra hard to get that new sedan or that new gadget everyone seems to be talking about now, it is not a most to wear the latest Nike or Sneakers out on the market.
Now we have discussed what financial discipline can be in our lives and how we can approach it the big question remains how to build this habit of the financial discipline into our life.
How to build financial discipline
Buying is an addiction, an addiction no one talks about because the corporation wants you to continue consuming what they produce and make for the masses, realize that you an addict and you should treat your case just like an addict treat themselves and get free of their addiction
Getting out of an addiction is a slow journey, you don’t have to go so hard because you might hurt yourself badly and go back to your habit.
In as much as bad habit compounds good habit compounds too, if your spending habit has compounded to you spending recklessly you can reverse engineer that habit.
Take it one day at a time, if you buy like 7 things any time you go shopping try buying 5 and the next 3 and the next 2 till you find yourself not wanting anything again. You are the only person that can help you break from this circle of life so be serious with your growth
The other way to build financial discipline within yourself is to have a budget created every month and stick to that budget no matter what. This might be hard and kept for the strong-hearted but if you can stick to it the reward is tremendous
The last habit that builds financial discipline on my plate is creating a different bank account where you can’t deposit money from.
Every beginning of the month you deposit like 20% or 10% depending on your income into this account and forget about withdrawing anything or telling anyone you deposited something into a bank.
Even when there’s no money on you, discipline yourself and pretend like you are broke. You will enjoy this reward more.
This is where I end today’s article, I hope you had fun reading it and ready to implement this into your life. Remember this is an open discussion and your comment is expected.
You can check out my books, Why relationships fail (uncovering the truth and finding solution) here and 31 days of self-development (getting out of the victim mindset) here. A little investment into knowledge can be that great change you have waited all your life for