Be Friends with Money
When Covid-19 hit, it impacted many business owners, employees, workers, and students financially. However, there are still people who aren’t as financially impacted by the pandemic. Different spending habits can lead to different results. I wonder whether Covid-19 teaches us a worthy lesson to achieve our freedom from debts regardless of crisis movements. To reach this goal, we should build a sustainable friendship with our money by being carefully and being kind to it.
Like a friend, money needs to be cared for by us. First, we should spend time looking after our money. For instance, I have a habit of taking a few minutes to check my bills before stepping out of stores. This simple action helps me to avoid errors by cashiers and remember the sum of money I spent. Also, we should keep track of our spending. Besides the banking records, I still use a traditional financial tracking tool, a notebook, to write down my daily expenses. As a result, I clearly identify my financial situation. This helps me to make timely decisions and adjust my expense habits to protect my friend, money. Another way I take care of money is creating short-term and long-term plans for different financial purposes. For example, if I need a new computer, I set up a 24-month saving plan for the purchase. This helps me to avoid impulse buying behaviors that can cause financial setbacks. To sum up, money is a loyal friend when we understand how to look after it frequently and effectively.
Being kind with money is valuable advice to prevent us from potential financial trouble. Firstly, since a nickel also has its value, we should respect our money by gathering all coins in a glass bottle or a cotton bag. We may be surprised by the amount of money accumulating from small coins day after day. It may be helpful to pay for some essential goods in a difficult time. Additionally, wisely spending is another way to show our kindness with currency. Researching and comparing prices before ordering a product, or considering carefully whether this product is necessary for our life before making a purchase, is a good habit. It will help avoid wasting money. Finally, to keep the friend named "money" in a healthy condition, we should prepare a backup plan for our future. For instance, in a booming economy, we should think about the coming bust period, so we can retain a frugal, long-term saving strategy. By building a simple life and refusing to misspend, we can increase our savings and use them for investment as a backup plan for any financial crisis might happen in the future. Indeed, if we treat our money kindly, it will stay with us during a difficult situation.
Overall, it is necessary to live in harmony with our money. We should show a strong responsibility for our financial situation by spending time managing, keeping track, and having specific plans for our expenses carefully. We should treat our money as a close friend with kindness such as respecting, not wasting it, and building backup plans for a difficult period in the future. With all these tips, money becomes our friend, and we won't worry that this friend may leave us.