Creating Healthy Financial Boundaries
- Amanda Williams
- Jan 26
- 2 min read
One thing I've learned is that boundaries are necessary when changing poor habits. Boundaries protect us from situations that may not be in our best interest, they create room for changes to be made and causes growth on life's journey.
When financial boundaries are put in place, they create a barrier for yourself, and those around you. This barrier helps you to achieve your goals and not feed into old, unhealthy habits. Its purpose is for protecting healthy habits and rejecting unhealthy ones.
Financial boundaries are the personal limits and rules you set, to define what is acceptable behavior in your relationship with money.
Financial boundaries may look like the following:
I will not give out money I cannot afford to give.
I will save a least 3% of each paycheck regardless of the circumstances.
I will spend no more than $60 a month on eating out.
I will find alternatives when I'm feeling emotional and will not resort to emotional spending.
When you set boundaries and stick to them, you don't allow anything, anyone, or any circumstances to get in the way.
Reflect and think about some boundaries you may need to set when it comes to money.
Here's a little New Year task for you:
Get a notebook or journal and write down what boundaries you need to create when it comes to your finances.
Then write down how sticking to these boundaries will create a positive impact on your finances. You don't just want to set boundaries. You want to know why you need them and be sure of the positive outcome it will have on your future.
It's Possible!
Sticking to boundaries can be challenging and this is where discipline and mindset comes in. You must have the discipline to stick to your boundary, and you must have a made-up mind that you are going to do better and won't give in to tempting old habits. Set the boundary and stick to it. When you do, you will find yourself in a much better state and you will begin to see financial growth.
Question? Do you think setting boundaries can help you achieve financial success? Let me know in the comments.
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Discipline is Key 🗝️
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