What financial mistakes you should avoid during COVID-19 emergency (Guest Post)

The whole world is experiencing a difficult time which probably no one ever imagined. We are scared of going out of our homes. The kids are homeschooling, many people are working from home if feasible, the health care workers and doctors are working day and night, and people are worried about whether or not they’ll be able to get necessary grocery items at stores. Many people have been laid off, some others are facing pay cuts, and many others are worried about how long they’ll get their paycheck. In such a situation, it is quite evident that you’ll worry about your financial future.

It is the need of the time that you try to manage your finances better and don’t commit any mistakes.

Here are a few financial mistakes that you shouldn’t commit during this COVID-19 emergency.

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The Resolution 2019: Wrap-up

In 2018, I posted monthly about my spending tracking. After feeling like it had become too much the focus of my blog, I moved away from it in 2019, although I continued to track spending (along with virtually everything else quantifiable in my life as I do). But with 2019 having come to a close already, I figured I should at least share how my spending went, and how I hope to continue to make strides forward in 2020. Below is another instalment of The Resolution 2019: Wrap-up. Better late than never? I hope so.

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How to Change Your Mind: Spending

Do you ask what the proper limit is to wealth? It is first to have what is necessary, and second, to have what is enough.

Seneca, Letter II.
The owner of this truck bought it new in the 80’s and she’s still one of the coolest rigs on the beach in the Baja.

I spent a lot of time last year writing about spending. I tracked my spending religiously, and I still do. And I focused a lot on the numbers; the outcome over the process, if you will. So when I didn’t achieve my original goals, I adjusted the target. Three times. And then I still didn’t quite meet it.

And no matter how you slice it, when we focus on the goal over the process, it stings when we don’t reach our goals. It’s uninspiring and de-motivating, to say the least.

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