There are many topics which seem to be of interest to nearly everyone and on which everyone has an opinion. One topic that seems to always be of interest and always has many consumers voicing their opinion is money management.
Those who are wealthy always seem to have some advice for those who are trying to become wealthy. And those who don’t have much money at all are looking for tips or shortcuts to finding great wealth.
It is a vicious circle for many, but there are a few pieces of advice that are worthy of repeating. These money motivation quotes are the ones with value and substance that can be applied to life and offer a bit of understanding and appreciation for getting money, growing money and keeping the money.
Use a Tool Correctly
“Money is a tool. Used property, it makes something beautiful – used wrong, it makes a mess!” — Bradley Vinson.
This statement offers some great insight into money. It is not the ultimate goal in life, but it is a means of getting what you care about or taking care of someone or something that you care about. Money is not something that by itself is enjoyable, it is what you can do with your money that will bring you pleasure and help you to find happiness. Keep your perspective on money and see it for what it is, a tool, and it can be very helpful and useful for you.
This Can Be Good or Bad
“Beware of little expenses; a small leak will sink a great ship.” — Benjamin Franklin.
This statement is a more eloquent version of the saying that small things can add up to big things. But both have pretty much the same meaning. If you are looking at the negative side, the meaning is that every few dollars that you waste add up. It might only be $5 here or there but soon it adds up to $100 and that can really hurt a budget. So never look at a wasted amount as too small to count.
All of those tiny, uncounted losses can and will add up to a big chunk but then it is too late. The money is gone. On the other side of that coin is the positive vision in the quote. A small amount saved is never not worth counting because all of those small amounts will add up. Saving a few dollars a week will add up over time to a nice little emergency fund. Also, money put in a savings account might only earn a small amount of interest but over time that interest will grow as will the savings account balance.
Simple Planning and Money Management
“Getting straight with your money is as complicated as a trip to the grocery store: You need to comparison shop, add and subtract, stick with a plan, and ask questions – nothing more.” — Elizabeth Warren.
Many people are afraid to take a good hard look at their finances. They believe that money management is difficult and will take a lot of time and effort. But all that money management really requires is the desire to learn a little bit and the commitment to stick to your plan and your budget once you have created it.
In the beginning it is no more complicated than sitting down and making a list of all of the money that you have coming in and all of the money that is going out. You need to track your income and your expenses and then create a plan that lets you live within your means. You might need to eliminate some expenses but the benefit will come in the form of peace of mind and the ability to stay current on your bills and even build a savings.
Beware Of Credit
“A credit card allows you to transcend time. For it allows you to put off until tomorrow what you bought today, while you are still paying off what you bought yesterday.” — Robert Morrissette.
This is a nice way to say that credit cards can be good if you need them but they can also be very bad if you don’t respect them and only use them in case of an emergency. If you have an unexpected expense, as many of us do from time to time then using a credit card is great. You get the car fixed and have the ability to pay for the repairs over time, like a title loan without a job.
But if you choose to use a credit card to constantly live beyond your means, then one day you are going to be deep in debt with no way to repay what you owe. And in many cases, you won’t even have anything substantial to show for it. Many trips to the movies and meals in restaurants that you couldn’t afford will seem pretty senseless when you are forced to file bankruptcy or sell your home because you can’t afford to pay your credit card bills any longer.
The biggest factor with a credit card purchase is learning to know the difference between wants and needs. If you want it then wait until you can afford it. If you need it, then pay for it on a credit card and make the payments over time. But don’t let the payments fall behind and cost you more unnecessary fees and interest.
Find Your Motivation
Choosing to be financially responsible is an important step in becoming financially secure. You need to make an effort to understand where your money is going so that you can make smart choices and get the most out of every dollar that you earn.
Money motivation quotes are a great way to keep yourself focused on your finances and your goals. So find a few quotes that really make sense to you and remind you of why you are making the effort and working towards your goals. The key to any motivational saying is selecting one that really speaks to you.
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