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How To Be Financially Savvy

Finances are a part of everybody’s life, whether you have it or you don’t. We all should find a way to make a living that’s acceptable to us, and make enough money to support it.

Money is a tool that can be used to help us or hurt us, and it’s why so many people try to get better with it. Scarier than those working to get better though, are the ones who just hope everything’s okay until it isn’t.

A day in the life of a hoper

A hoper goes through their day like anybody else. He/she will run errands, pay with their cards, and hope to goodness there’s still enough in there. The reality of it is though, he/she doesn’t know what’s in the bank account, because he/she hasn’t looked. Hopers ignore balances until a decline, and then deal with the consequences after.

A hopeful woman likely has a house filled with knick knacks, decorations, and hobbies. Any purchase that can brighten up her day to reduce the stress from work, yet nothing ever seems to be enough.

Her cupboard is empty. She doesn’t make time to go to the grocery store because she hates cooking anyway, so most nights she ends up eating out. She eats out so often that she’s found she has had to switch from the debit card to the credit card to pay, still not checking balances or planning when to pay it off.

This is unfortunately normal for too much of the population, going throughout life hoping they have enough but never bothering to check or plan. They may think they’re saving themselves anxiety, but in the long run they are going to cause more stress than they ever save. This is a hoper, not a savvy spender.

A savvier picture

A savvy woman on the other hand is a different story. People who are savvy are financially aware of how much they make, how much they have, and how much they can afford to spend. They can spend money guilt free, knowing that they have enough to treat themselves, and don’t have to check today because they already know their bank balance.

Savvy shoppers also tend to be the kind who buy things that they love, and only things that they love. Their house may be full, but far more with memories than with items they aren’t using every day.

Savvy people also like to cook for themselves, recognising the gross markup of restaurant pricing. They shop the sales, clip the coupons, and get the best deals on whatever they tend to buy.

And when they do decide to treat themselves or take a vacation? They can do so with ease, likely having planned for months and saved for it, and enjoy themselves entirely guilt free.
Try joining Aussie Housesitters or Mind A Home to stay in house sits around Australia. A great way to have a holiday on the cheap and help someone out at the same time!

Who do you want to be?

I’ve painted two different pictures, both of which have a home. Which one do you currently sound like? Are you a hoper or a savvy shopper? Who do you want to be?

Does money rule you or do you rule it? You can be in control of your financial future, you just should work at savvy habits like budgeting and planning, rather than burying your head in the sand and hoping you have enough. It’s natural to ignore bank balances, but that doesn’t make it good.

Be savvier yourself and see just how much better you feel about your finances!