Financial freedom is something every person wants to feel.  Are you struggling to repair your credit, save money or pay off debt?   You’re not alone.  Many people find it challenging to achieve financial freedom because they can’t get their spending under control.  This is because the average American adult spends approximately $1500 a month on non essentials.   If you’re used to living a certain lifestyle, then you’ll probably find it hard to make changes that involve how you spend money.

The good news is that you can master self-discipline to achieve any goal you desire, including your financial freedom. Self-discipline can help you maintain control, focus on your end goals, and overcome temptation. Would you like to know how to become better at self-discipline? Continue reading this article for tips.

Be aware of your weaknesses

While some people like to spend money on expensive shoes, other people like to spend their money on massages and manicures.  Whatever you spend your hard earned cash on, you are probably not facing your financial issues. What are your personal weak points? Once you’re fully aware of them and embrace them, then you can work with them. We’re not suggesting you have to remove all your favorite things from your life, but you should know how they’re affecting your finances. If you like to treat yourself to fancy manicures every week, then take a moment to add up all the money you spend on them – and then think about the other ways you could spend that money.  Afterward, you can scale back to bi-weekly manicures, home manicures, or more basic salon manicures.

Practice mindful spending

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We all know how the marketing machine works but with so many messages coming at us all day everyday, chances are you are spending money without even thinking about the affect it is having on your budget.  One way to combat this is to start asking yourself some key questions before you spend your money.  Here are some questions to ponder:

  • Is this something I really need? 
  • Am I buying something other than what I came into the store for?
  • Can I get along without buying this thing?
  • Is this an emotional purchase?  Am I buying this to feel good?

The more you practice being mindful about your purchases, the more you will come to realize that many of the things you are buying you really don’t need in your life.  Your life will still go on and financial freedom will be that much more in reach.

Remove the temptations

Are you setting yourself up for failure? No one on a serious diet would keep a refrigerator full of ice cream, so why are you surfing your favorite clothing sites when you know you shouldn’t be buying anything new? Stop going to the store when you don’t need anything, stop having catalogs delivered to your house, and stop holding on to coupons for stores where you’re bound to spend beyond your budget. Stick to the mantra “out of sight, out of mind.” If you’re not tempted to buy anything, then you won’t spend money.  Furthermore, remind yourself that those things won’t go away; when you do have a disposable income, you’ll be able to buy anything you like – we promise!

Change your perception

One of the top reasons that people aren’t able to maintain self-discipline is because they have the wrong attitude. They see everything related to discipline as self punishment and scarcity. However, you simply need to shift the way you think about self-discipline in order to fully embrace it. When you tell yourself that self-discipline will make you stronger, help you achieve your goals, and improve your character overall, then you won’t see self-discipline as a burden and chore.

Reward yourself occasionally

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Self discipline when it comes to your finances is not meant to be all about taking away the fun.  So when you achieve a financial goal like paying off  a credit card or, reward yourself with something small.  If you have eaten in all month, treat yourself to a budget friendly meal out.  Doing this will not break the bank.  You have still saved money all month long as well as made progress toward developing more disciplined spending habits.

The best part about improving your self-discipline for meeting your financial goals is that you’ll be able to apply this self-discipline to other areas of your life. Would you like to lose weight, become more fit, learn a new skill or get more done at work? Self-discipline can help you with all these things.