The Pandemic have caused so many distractions in our world today. With many going through different financial challenges, anxiety, and loss of hope for concerning their jobs, businesses, and financial future. Below are some of the things worth bearing in mind 

1.    Mind-set – Attaining financial success is a decision of your mind-set. Having a healthy money mind-set is very paramount as we move into the next phase of our lives. Don’t allow the emotions of money get to you or overwhelm you, be determine and have the right set of believes. For example:

• Having a positive mind-set, knowing that money is only a tool, a blessing God has generously blessed us with so settle it in your sub-consciousness. Money will not rule you, instead you will dictate to money and tell money where to go. Recognise those beliefs that you need to get rid off.

2.   Be intentional – Many get into debt for silly things. Be realistic and understand that there are things that you cannot do or afford right now. (The bible says “Poor is he who works with a negligent and idle hand, but the hand of the diligent makes him rich. Proverb 10:4). When you spend all you have or have laboured for without considering its cost and consequences, you are referred to as a fool. This is not about how much you earn but you are being real and honest with yourself about what you can and cannot afford. Don’t leverage credit for non- important things. Be intentional about your financial choices before getting yourself into it.

3.     Keep your debt under control – Monitor your expenses, stick to a budget, spend less save more. Keep up with your debt obligations otherwise you will ruin your credit record. If you’re struggling with your payment, communicate with your lenders consistently rather than going quite. Be careful with payment holidays, only take it when it is extremely needed. Pay your minimum payment if you can otherwise speak to your lenders.

4.  Take care of yourself – “Good health is true wealth.” Without going off track with your budget, make sure you continue to pay yourself by putting something aside into your savings and investments.

Shalom
Lara Davies-Ero
Director/Founder
Excelling Community