How to Say No and Manage your Money

It can be difficult to say no to people, even when it concerns you. Saying no sounds simple, but it can become complicated with various pressures.

Saying no can be justified in many realistic ways. Lifestyles are becoming expensive, more than in previous years due to living costs rising. After the fact that as a person you can always say no, it should be easier for people to refuse expenses if they’re unnecessary. Anything draining your bank, because of your social calendar you could have another look at.

How do you start saying no, and prioritise your finances? We’ll show you here.

Are you comfortable saying no?

Saying no takes courage which comes in different strengths for everyone, yet for finances, it’s a necessary route to take.

Running from conflict is a fight or flight response, some people avoid conflict to avoid anxiety surrounding the situation (whatever that may be). For some, it turns into a backup mode, even when they don’t like what they agree to.

As the news keeps re-iterating, living prices are increasing, meaning being smart about money is vital for your peace of mind, if anything else. So, saying no to a social you either don’t want to attend or cannot bring yourself to dig into the account for, would be arguably understood by those who invite you out. You have an extra social license so to speak, of saying no. Your friends and family would probably understand and may feel the same way about their finances, they would hopefully support you in your decision. If not, you still have all the reasons to say no.

Adapting to be practical

Are you planning on expanding your home, scanning the market to invest in property or clearing debts? Is it planned for the close of this year? If so, more than a practical reason to say no to spending money.

Small things add up to big results, you’ll find yourself seeing a major difference in your bank balance after a continued pattern of saving. Practicing your ability to refuse will save you money inevitably, and quickly if you master it and use it.

How to avoid serial spending

Serial spending is risky when you’re not in a concrete income bracket to be able to do that with no risk of long-term loss. Stopping to think about the buy you feel like making has a strong effect on saying no to yourself. You can train your brain to say no to short-term impulse joy that leaves soon after you click buy now. While it’s healthy and rewarding to experience short-term treats, you’ll feel long-term satisfaction miles better for your mind and lifestyle, and in turn, you will save money.

Other ways to enjoy

You can alternate to other options when it comes to dates, meeting friends, and treating your kids if you are a parent. Instead of an expensive night, you may prefer a homemade at home. Invite friends for coffee if you feel a strain agreeing to expensive drinks. It’s your prerogative. This will naturally cut expenses.

Petrol has soared. A solution to this could be using the train or bus transport at peak times. Do you like to cycle? All potential options for you to consider and decide what patterns or changes you feel the need to make if any.

Planning for the future

It can also help you put a stop to overspending and get back on track with your savings for a healthier financial future because, at the end of the day, it is only you that can put yourself first and say no to spending. Pushing yourself to take a challenge is effective. You desire to prove a point and be successful in a new venture. Plus, it adds the natural element of fun to a change you’re making.

Making lifestyle changes

Changing habits can be naturally difficult at first. Your brain is used to your current movements, mindset, and routine. It’s possible and logical to adapt to a new routine after implementing it. The key is knowing why you want to do it, and the benefit it’s going to give you. If it was a pointless change, you would have zero need or want to act and do it. It can also help you get back on track with your savings for a healthier financial future.

If your finances feel like they’re already running away from you, a formal debt solution could be a more effective option to deal with your debts. If you’d like to find out more about the debt solutions available to you, give us a call on 0141 816 0394 or complete our enquiry form.

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