The Shepherd: The True Cost of Not Paying Attention
You’re kind. You’re generous. You’re far more likely to spend money on someone other than yourself. You have a hard time saying “no” because you don’t want to hurt someone’s feelings. Which is why that irresponsible family member is always hitting you up for cash. Sound familiar? You may be paying attention to the wrong person’s finances.
All this helping others and putting off financial decisions for yourself can lead to stress. In the back of your mind, you know you should take action, but a situation that requires your attention always comes up, and next thing you know, you’re off saving the day.
Your Worth Is Worth It
Since you’re always thinking of others, you may be putting off important financial decisions for yourself. And you’re losing precious time. So create a budget and stick to it. Give yourself an investing deadline. Automate your contributions to retirement and savings accounts to stay consistent. And review your money situation with a trusted financial advisor to make sure you’re not spreading yourself too thin.
It’s Not Bad to Stay Good
You can still feel good about doing good, but that doesn’t mean saying “yes” to everything and letting people walk all over you. And remember, you can’t effectively help others until your financial needs are met first. So pay close attention to your financial situation. And don’t put off saving for yourself, do something for you – and start today.