Do not blame yourself
When it comes to money and changing our behavior, one of the most important things that we have to do is to stay positive and compliment ourselves. Do not say bad things and do not blame yourself because you are stronger than you think. You should instantly remove negative sentences from your vocabulary, such as ‘I’m bad with money’, ‘I can’t do this’, ‘I am the worst at saving money’.
“Our own research shows that 25 per cent of the female population in the UK have less than £100 in savings and investments – that’s 6.6 million women. If you’re in this situation, anything you can do to build up a savings buffer is a good start, even if you only have a small amount of money left over at the end of each month,” says Sarah Porretta, director of strategy and insight at the Money and Pensions Service.
You have to tell yourself that you are a smart person who is capable of saving money and you do not need to buy useless things to satisfy your fastidiousness. It all starts in your mind.
“Flip your thinking: you’re not ‘bad with money’ or ‘clueless’ about finance. Tell yourself that you are a capable, intelligent person who can easily get better with money – it’s not about great maths, iron will or financial know-how. It’s about making saving easy, automatic and meaningful,” said Bain.
