It’s easy to get caught up in comparing yourself to others, especially with everyone showing off on social media, and feel like you’re falling behind.

But, often, you’re doing better than you give yourself credit for.

It’s about taking a step back, recognising the small victories, and appreciating the progress you’ve made.

The Money Part: Recognising Positive Financial Signs

• You’re Saving Regularly: You consistently manage to put money aside, even if it’s just a small amount each month, demonstrating a commitment to your future financial security.
• You’re Tackling Your Debts: You’re actively working to pay down any debts you have, whether it’s a credit card balance or a loan, even if it’s a slow and steady process.
• You Know Where Your Money Goes: You track your spending, have a basic understanding of your budget, and make conscious choices about how you use your money.

These are positive signs that show you’re on the right track. Even if you haven’t yet reached your ultimate financial goals.

The Real Life Part: Feeling More Secure and Optimistic About Your Money

It’s not just about the numbers in your bank account.

It’s the feeling of security and optimism that comes with knowing you’re making progress.

It’s the relief of not living constantly from paycheque to paycheque, the confidence of being able to handle those unexpected expenses that always seem to pop up, and the hope of achieving your long-term financial goals.

There’s the satisfaction of seeing your savings gradually grow, the peace of mind of having a financial safety net to fall back on, and the sense of empowerment that comes from taking control of your financial future.

• You’re Less Stressed About Money: You experience less worry and anxiety about bills, unexpected expenses, and the overall state of your finances.
• You Feel More Confident in Your Choices: You feel more capable of managing your money, making sound financial decisions, and navigating financial challenges effectively.
• You Have a Positive Outlook: You maintain a positive attitude and feel optimistic about your future financial prospects and your ability to achieve your financial goals.

It’s about celebrating the small wins that build a strong financial foundation.

Tips:

• Keep a Financial Diary: Track your savings, debt reduction, and other achievements in a diary or journal to visually see how far you’ve come.
• Set Achievable Targets: Break down your long-term financial goals into smaller, more manageable, short-term goals to stay motivated.
• Reward Yourself (Sensibly): Acknowledge your successes and celebrate your milestones with budget-friendly treats that align with your plan.
• Stay Positive and Keep Learning: Maintain a positive attitude towards your finances, focus on the progress you’re making, and continue to educate yourself about money management.

Recognising your progress is essential for staying motivated and building a healthy relationship with money. It’s about acknowledging your efforts, celebrating your journey, and building momentum towards your goals.