Fix these 3 Mindsets, Watch Your Money Grow!

Okay, so here is the trend—only publicize your wins, accentuate the highlights, and by all means, hide all mistakes and flaws; but, trends, just like rules, should be broken sometimes.  Now, if you knew my husband and I, say, ten years ago, you would have probably labeled us as financially successful.  Were we wealthy?  No!  We weren’t anywhere close; but, we did a few good things right.  By our early thirties, we managed to save enough to purchase a home, we owned our cars outright, carried very little debt (outside of student loans) and was able to consistently pay our bills.  Those were “the highlights”!

What we didn’t display, but can clearly calculate now, (being some ten years removed), is the ridiculous amount of money we wasted!

“Oh, so ya’ll really gone have me out here wasting’ money like that?”

The reason for our new understanding?  Well, the answer is multi-faceted, however, the underlying answer is this: what  we do religiously now, that we didn’t do then, is account for every penny going out and coming in. Simple!  Well, not exactly, but the adjustment has certainly been worth it!   Accounting for every cent gives us immediate answers to questions we’d have previously  guessed at; questions such as, “can we truly afford this?”, “Do we really need this?”, or, “Is this purchase in line with our goals”?  We’ve ditched the habit of spending money (mostly on frivolous things) and   checking our account later.  Now, we stay diligent about the status of our finances, and are always cognizant of what we need our money to accomplish long term.

Even with all of our strides, we are constantly bombarded with financial distractions.   One of  the most prevalent usually comes in the form of the invite; whether it’s to attend a party, to go on a trip, or to participate in an activity, we’ve had to become better at declining (even when we really want to go), if those things are outside of our budget, or longterm goals.  Another financial distraction we try to stay on top of is impulsive, or, emotional shopping– buying a latte’ just because we happen to be driving by McDonalds, for example– this is a trap that we do our best to avoid.  Something that’s less obvious, but possibly the most fundamental for becoming more financially savvy, was our need to address some of our poor mindsets.  Below, I list the top three ways of thinking that cause limited financial growth, but don’t worry, I also give  alternatives for dealing with money more wisely!


Negative Mindset #1—“I’ll Put it Back!” 

“Uh, uh, uhhhh—Don’t do it, girl!”

This sentiment is one of the most detrimental when trying to save .  I remember when I hit my goal of saving a nice sum of money.  It had taken months of consistent discipline and the level of accomplishment I felt was fantastic.  Then came the possibilities: I now had the money to  purchase things I previously couldn’t, or to get in on a deal that was “too good” to pass up.  I figured it couldn’t hurt to spend a hundred or two on something worthwhile, as long as I quickly put the money back.

The Problem with that line of thinking:  It takes you backwards, instead of ahead!  Money is ridiculously easy to spend, but much more difficult to make.  Getting and doing the things we want is cool!  It feels good; until you realize that the amount you spent on say, concert tickets for instance, albeit a steal, actually took you several months of earnings to save.  Then it takes that same amount of time, sometimes even longer, just to get back to where you were.

The Solution:  There will always be deals, special occasions, and offers that seem too good to refuse, but financial maturity is a must.  In order for your money to grow, it’s essential to, make a savings plan and stick to it.  For example, if your goal is to keep $5,000 dollars in a rainy day fund, use only your surplus for non-necessities, and even that should be done only occasionally.  What that means is if your savings balance is $5,031.50, and you and hubby have an impending anniversary , the two of you have just over $31 dollars to share; Get creative!


Negative Mindset #2—“I Deserve this!” 

So often, after we’ve worked hard, been super disciplined, or achieved a certain financial goal, we’ll tell ourselves that we deserve a reward.   Something as simple as a frappe, or as lavish as a day at the spa, can seem like an inconsequential expense.  The repetition that results from this line of thinking, however, is what gets us closer to a financial grave.

The Problem with this line of thinking:  You waste money that could be used more wisely.  Early on in our marriage, my husband worked very long hours, which for me, as a stay at home mom, meant equally long days alone with the kids.  Whenever we did get a respite, we splurged on everything from restaurant dinners to weekend trips, telling ourselves, it was our reward.  We did that for years.  Then we discovered how investing even small increments of money over time, could yield far greater rewards!

The Solution: Change the focus from what you deserve, and place it on how much you’ve earned.  For instance, in luei of treating yourself to a Frappuccino after every grueling day of work, create a reward fund instead and set a goal, i.e.—“I will save an extra $5/a week for three months, to spend on whatever I like!”  Just making this small mental switch can do wonders in becoming more intentional with your finances, instead of throwing money down the drain.

Negative Mindset #3—It’s not that much!

“Girl, stop trippin!  It’s just a slurpee!”

This, by far, has got to be the most destructive mindset of the three, because it’s ultra-deceptive.  You can really see this concept driven home by creating a habit of saving change.  Once, my husband and I began collecting and saving all of our change over the span of a year.  A time came, after the purchase of our first home, that we were really low on funds, but were in dyer need of a washing machine. We decided to cash in our change for the purchase, which totaled almost $400.

The Problem with this line of thinking:  Far too often we underestimate just how much a penny, a dime, or, “just a couple of dollars” add up over the years.  Sure, it was just a $5 coffee and $3 for the lipstick at the drugstore; after that, though, you chucked $2 into the vending machine at work, before forking over $10 for candy to the neighborhood kids selling chocolate.

To some, $20 just doesn’t seem like a big deal, here is a concept that might change their mind: According to, by saving the same amount that some people casually spend in a day ($20 for instance), every week, over the span of 45 years, a person could yield a whopping $331,553 (through investing and earning compound interest)!

The Solution: Now, I get it, going cold turkey off of coffee is just a deal breaker for too many, and, of course, supporting the neighborhood kids is a noble deed; nonetheless, technology has made it easy to make coffee greatness at home and your child solicitors would still be happy with your purchase of five candy bars as opposed to ten.  What it comes down to is simply having a healthy appreciation for money, regardless the increment.  Even pennies add up over time!


Now, we want to here from you!  Tell us below how If you’ve also struggled with your finances, and what you are doing now to make better financial choices?  



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56 thoughts on “Fix these 3 Mindsets, Watch Your Money Grow!

  1. I have saved all my life to get what I wanted (a.k.a. a roof for my family) Now I have it, and I know how it is done, but I’m also 40 and feel I haven’t given myself the permission to enjoy my life. I don’t go out, I don’t eat out, I don’t buy coffee or go for drinks with friends, I don’t buy anything fancy, I don’t have nice clothes to wear… So I started granting myself a bit of pleasure and I think it is really necessary to enjoy a bit, because we only get one life. I have the impression now I’m too old to enjoy things and I wasted my youth. But that is just my experience.


  2. It’s amazing how changing your mentality can change your overall outlook on things. When you find ways to save or avoid spending, you can always watch your money pile up!


  3. OMG i love this! So many people are saying that you need to change your mindset to one that believes you already have the money blah blah and everyone is going out and spending money they don’t have thinking that the law of attraction is going to magically deposit it into their accounts… this is our debt crisis right here folks! I love this post, keep it up.


  4. I can relate to the second negative mindset that says,i deserve this. Lmao. Always my quote when i get tired after a busy day.


  5. Not that we’re struggling, but we’re actually saving up for a big project this year. To start, I promised myself that I’ll stay away from overpriced coffee. 🙂


  6. That was a really a tough task. It’s really a challenge to save some money especially when you’re able to earn as much or more than what you actually need.


  7. It’s all in the mind right? I do agree with this. Never underestimate the little things like penny, quarter or little thoughts that form in our mindset.


  8. I think having a savings account and a no-nonsense mindset about putting away money is one of the most challenging things for many people. If it’s in the checking account, it often will not get saved!


  9. As I am beginning my quest for financial independence, I can honestly say that I am guilty of these negative mindsets. I live by my lonesome, so I find it especially hard being that there is not accountability partner. Great tips.


  10. I loved reading your post and all the gifs. I have used the mindset of I deserve this and it has indeed gotten me in trouble. I end up buying expensive things that I don’t need. Thank you for sharing.


    1. I think the “I deserve this” is one of the most common of the three, probably because it feels true– we have worked hard, or put in the grind time, to feel like we should be able to splurge. It’s just a habit that needs to be checked and limited to save and make money.


  11. This sounds so like me,shopaholic that’s was me’ I can still remember the time that I use to just shop & shop,just buying countless things that I don’t even usually use,thank God I’m over that and also glad you guys did too!


    1. I WANT to be a shopaholic!!!! LOL I just can’t afford it–now. I’m sure there will come a time when money won’t be an object– but for most of us, we need to be strategic in order to get to that place. Here’s to our shopaholic FUTURE!!!! LOL

      Liked by 1 person

    1. Cool! The steward part is correct. So many times we think we need to make more money, when in actuality, we make great money right now. It’s just what we are doing with our money that’s making us poor. Thank you for sharing this insight.


  12. I have definitely struggled with purchasing excessive items. Everything adds up and then becomes wasteful. I plan to be one of those people with a house and cars that are paid off, so I have to watch my spending for sure!


    1. OMG–isn’t it something to look back over all the STUFF that you’ve purchased that you don’t need, can’t use/wear anymore, that’s just taking up space. I can’t tell you how many pieces of clothes I’ve purchased over the years and worn only once– It’s crazy. To know better is to do better, now we know better. Keep grinding mama– you’re mindset tells me your on your way!


  13. These tips ring so true for me! I need to be better at saving. Often, I buy things on impulse and really need to learn to walk away from things I don’t need!


    1. I’m laughing– because most women have this trait, including me! Some people can go places and be strict about not spending money– I’m not one of those people. If I’m out, (at a store, an event, etc,) I’ll make some excuse to buy something, so a lot of the times, I just stay home. I’ve learned my triggers and how to avoid them. It’s just about being aware. Good luck to you.


  14. This is so true, especially the first point of I’ll put it back, as truth be told, I never do. Thanks for such an insight into getting the money to grow.


  15. I think in one way or the other, I have had these kind of mind sets in my life. I like the solutions you have recommended in the article, and I believe this will help many people out there including me. Thanks.


  16. I love these tips. “It’s not that much” is the financial kiss of death. Those are the words we tell ourselves to give ourselves permission to do what we KNOW we shouldn’t.


  17. Wow, I’m so guilty of all of these and it really didn’t become clear for me until the moment I got to two and heard “I deserve this” in my own voice. That “Treat yourself” mentality has become my worst enemy! I’m gonna write these rules down in my journal so that I can manifest it into reality. Thank you for sharing this! ❤


    1. Awww, yes– these mindsets are tricky and I still have to fight against the “I deserve this” mindset. Especially after having a hard day with the children or after having gone a long time without spending, I’m looking for my reward. I’ve just gotten better at making those rewards “free” ones, lol. If you get creative, I bet you can too. Good luck love!


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