Having TROUBLE saving MONEY?

Having TROUBLE saving MONEY?

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

I’ve heard it all before, “ I just can’t seem to save”, “There’s never enough money left”, “The more I earn, the more I spend”. Heck, I used to say this myself.

I had a list of reasons why SAVING just couldn’t happen. Of course that was before I listened to Dr John Demartini’s audio series ‘Secrets to Financial Success’ which completely opened my eyes.

What struck me, was how simple the answer was.

 

The reason why you can’t save boils down to one thing  – it’s not your income or your abilities – it’s simply not HIGH ENOUGH on your VALUES list. It’s because you don’t want to.

Look at your own life. When you have really REALLY wanted something and were absolutely determined to get it, you found a way to get the money for it, e.g. a car, holiday, house or wedding.

This is because you valued it. The opposite also applies. When you don’t value something, you will give yourself every reason why you don’t have money for this. You will allocate the money elsewhere to what you do value.

Demartini says each person has a unique ‘Hierarchy of values’, a basic list of the most important or valued aspects of your life to your lower values. What you value highly is reflected through what is present your life.

 

For example:
My hubby has cycling high on his values therefore he will spend his time cycling, spend his money on bike accessories, read about cycling products and visit the bike shop. That happens to be very low on my hierarchy of values therefore you don’t see much cycling in my life. Instead, because personal development is high on my values list, I spend lots of time reading inspiring books, writing inspiration articles and spend money on self-improvement seminars.

The same applies for saving money. If saving money is not high enough on your values list, then no wonder it’s not reflected in your life.

As soon as I discovered this, Sheldon and I made changes to our values list.

 

I hear you saying, “But it is high on my values list but I still can’t save”

It’s interesting how what we think is high on our values list, in reality may not be. The best way is to ask yourself Demartini’s questions which are towards the end of this article  to find out what is truly your unique hierarchy of values.

 

Saving money is neither wrong nor right but if you want to know HOW to save, it’s best to listen up.

If saving money is low on your hierarchy of values there is a way to raise this. Demartini says it’s by writing out the benefits of savings. Write at least 200 benefits of saving money (and they can’t be to spend it on 200 things). Soon you will find yourself raising the value of SAVING MONEY.

Demartini also clarifies misconceptions about saving money:

 

IT’S NOT ABOUT HOW MUCH MONEY YOU EARN.

Demartini met millionaires who were in serious debt at the end of the financial year because they had spent all their money as they did not have savings high on their values. He also met a woman who never earned more than $2 an hour who learned how to save a portion each day and eventually became a millionaire. He even shared examples of children in third world countries that had learned how to save from the little portion they made.

The thing is, when most people get a raise, they also raise their lifestyle – they spend more, e.g. fancier car – because their values may be in acquiring things.  Therefore they are back in the same position.

 

IT’S ALL ABOUT THE HABIT OF SAVING.

Like any other habit, this can be learned through repetition. Sandy Forster taught me in my coaching course that it takes a minimum of 30 days for an act to become a habit. Until it becomes a habit it requires some effort.

 

DON’T LET YOUR EMOTIONS GET IN THE WAY.

Demartini revealed an interesting fact in his audios. Insurance companies found that when clients paid their premiums by cheque there were a lower percentage of payments received because of emotional attachment. People were feeling the pain of separating with their money. However, when they set up an automatic payment system with clients they had a greater percentage of clients paying on time because their emotions weren’t as involved.

In the same way if you organise your savings electronically so that a portion is deducted and transferred into a separate savings account, you are more likely to save money because your emotions are less likely to interfere.

 

PAY YOURSELF FIRST

I believe this is the BEST tip Demartini offers. Tell the Universe that you are important.

I’ve mentioned this before in previous articles. Demartini found that when he paid everyone else first, all the bills first and himself last he never had enough money to save.

When he swapped it around and paid himself a portion FIRST, no matter how small it was, that was when his wealth began to GROW. He also found that he started attracting more quality clients because he declared to the Universe that he was important. We applied these principals and found ourselves finally saving for the first time.

Demartini also suggests to bump up the amount you save by 10% every three months as 10% is the threshold of change humans can handle without too much pain.

 

SAVING MONEY CAN ONLY DO GOOD

Savings can’t do any harm. The worst thing that could happen if you don’t have enough money to pay bills is to take the savings out. There aren’t any risks in saving money.

Instead it provides you with emotional and physical stability and financial security.

 

TRY THIS OUT:

  • Find out your unique hierarchy of values by asking yourself Demartini’s questions. I have taken these from Chapter 3 of his book Inspired Destiny.
  1. How do you fill your space
  2. How do you spend your time?
  3. How do you spend your energy?
  4. How do you spend your money?
  5. Where are you most organised?
  6. Where are you most disciplined?
  7. What do you think about?
  8. What do you visualise?
  9. What inspires you?
  10. What do you talk to other people about?

Once you have written your answers, take note if a particular value keeps showing up. Place in order the highest value (the value that comes up more frequently) to the lowest value to discover your unique hierarchy of values. You will see where your priorities are.

  • If saving money is not high on your values list, start writing the benefits.
  • Implement strategies to start paying yourself first electronically

Do this and you will be on your way to saving money!

 

“It’s not your salary that makes you rich, it’s your spending habits.” – Charles A. Jaffe

 

Want to know 5 simple steps to help you experience more joy in  your life? Register on this page to find out more.

Do you have any questions? Contact me at anna@valuelifecoaching.com

 

 

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photo credit: 401(K) 2012 via photo pin cc