Why you can solve your own financial woes
Credit to Author: RICKY PUBLICO| Date: Wed, 14 Aug 2019 16:23:53 +0000
Having a hard time managing your finances? You’re not alone. As the Bangko Sentral ng Pilipinas found out from their recent survey, only 2 out of 10 Filipinos are capable of making informed financial decisions.
This is why most of them feel hopeless about their financial woes, when they themselves can make crucial moves to change their lives. Learn how to utilize the best tool you have that is your own self with these helpful tips.
You can!
For the most part, we are all equipped with enough knowledge to solve the most common problems of life. You may not know how to solve quadratic equations on the fly, but you should be able to survive a day with only P100 under your name. With that kind of ingenuity, you can even find better ways to upgrade your quality of living.
The problem sometimes is that people just give up easily. Everytime a problem arises, you tend to either feel hopeless about your situation or feel sorry for yourself. Change your perspective once in a while and you’ll realize that you’re far more capable than you know.
You get to learn how
But just in case you really don’t know how, that’s where our advantage as humans comes in. Unlike animals, we are all capable of learning complex ideas to help us navigate the world we live in. You can also learn your way out of your problems, especially financial ones.
Need more passive income? Learn how to start your own business. What will you offer? Observe and study your community so you’ll know what to sell. Don’t have a marketable skill? Learn new ones like cooking, knitting, or fixing computers. There’s so much more you can add to your repertoire, all you have to do is take the time to learn new things.
You already know what to do
Who knows your situation more than you do? Probably none. Even if you have a confidante, you’re the only one who knows what you’re going through and more often than not, you already know what to do. It’s just that sometimes, you don’t want to explore what you know because you’d rather ask other people first.
Every time you’re faced with a problem, always reflect on what you can do first. Don’t resort to self-doubt or second guess yourself and list down all the possible solutions you can at the top of your head. You’ll be surprised how your brain works.
You’re your own resource
Once you’ve figured out a solution, it’s only natural for you to carry it out. After all, the nearest resource you have is your own self. Start taking control of your finances by confronting head first the root of your financial problems. Too many debts? Find more ways to save money. Don’t have enough savings? Try cutting your budget. Do most of the legwork yourself.
That doesn’t mean you should do everything alone and you should not ask for anyone’s help. It just means do as much as you can by yourself. And when you do need others to help out, don’t give them the responsibility of solving your financial troubles.
Whenever you’re in a pinch, you shouldn’t default to begging other people for help. The best person to help you solve your money problems and prevent you from ever having them again should always be you. Know that you’re always capable of doing more than what you think you know, you just have to set your mind to it.
Ricky Publico is a content writer at Moneymax. Save money on car insurance, credit cards, and loans when you compare and apply at www.moneymax.ph! Visit their website to know more.