The issue of money can be a sensitive topic, especially when you don't have enough of it. However, financial freedom comes with being open and honest regarding how you manage your money so that you can think of better ways to steward the finances you do have. Here are some tips on how to go about mentally adapting to achieve the seemingly impossible.

Work together as a couple

If you are one part of a couple, then the best way to work successfully together is to put both of your minds together to achieve a more favorable outcome. With this comes constant communication regarding every financial decision that is made so you both are on the same page at all times.

Things to avoid

When discussing your financial ambitions as a couple, it's always a good idea to lay everything on the table. This may require you to be more transparent than you're comfortable with, but this is important if you want to overcome any weaknesses you may have regarding money management. For example, you may have a weakness regarding not being disciplined enough to put away enough savings for a rainy day. Or maybe you're just too tentative when it comes to taking financial risks that could end up working in your favor. Being open and honest about this can help you tackle these issues so you can turn them around for your benefit.

Thinking differently

You may have to make a complete mental shift regarding money issues, especially if you don't want to repeat the same mistakes. Again, reforming your mind so that you don't constantly stress about where you went wrong may be just what is needed to turn your life around in this regard. This may include not having a comparison mindset when it comes to people that may appear to be more financially well off than you. Or it may just be a simple case of just letting go of some of the guilt from past mistakes you've carried around with you over time.

Possible solutions

Maybe you are living above your means because you have been trying to keep up with the Joneses. If so, now could be the perfect time to look at downgrading if you want to save money.

If you are a couple living on your own, then you might decide to search for a smaller rental that is heaps more affordable than what you are currently paying. All you have to do is do a quick search online to find property rentals in your area and then filter down to specifications regarding square footage, number of bedrooms, etc. What's more, you can even take a virtual tour of the premises in some instances without having to physically go there yourselves.

Possible solutions

With the high cost of living, you are likely to encounter anywhere in the world these days, it makes sense to look into income-earning opportunities that will enable you to earn over and above what you currently earn. Most popularly, getting a side hustle (or two) is something that many entrepreneurs agree they cannot do without financially.

You may even decide to go back to school to improve your prospect's employment wise. Getting a degree in teaching online can open up other doors as you learn about instructional practice and learner development whilst getting to learn and earn at the same time.

Owning a business

Often, many of these side hustles then morph into businesses that entrepreneurs eventually decide to take on full-time. If you're struggling to decide what business structure to go with, an LLC is one of the most logical options if you want to take advantage of the benefits it has to offer. If you are going to go this route, then you're going to also need to decide on a registered agent to handle any tax and legal queries on your behalf.

 Changing your life will require changing your mindset because, as they say, it all begins and ends with the mind. Being more positive can open up more opportunities, such as embarking on your own business adventure. A positive mindset can also change those things that may seem like a negative, such as downgrading, into something you can actually look forward to.

If you need financial and relationship guidance, visit the Relationship Diary website for resources to transform a stale relationship into something magical again

This piece was contributed by:
Dana Brown

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