Learn How to Think about Money
Yes there is in fact a way to think about money. You must always have a plan for your money. Many people are either intimidated by money or are just plain afraid of it. You should try to understand your emotions and preconceived feelings about money. Think about how you feel about money; think about your ability to earn it. Think about ways to save your money and how to manage it wisely. Think positively and proactively about your money, this enhances your feeling of control over your money.
Learn How to Act on Your Thoughts about Money
It's not enough to just envision the great things you intend to do with your money, you should learn to act on it and execute it. It's not enough to just think about money or plan with it; you need to take action on it. Set goals for yourself and take guided action on it to achieve the desired results. Don't be reckless with the execution of your 'money plans'. Be wise, careful and meticulous. If you're doubtful of how effective this is, give it a shot and see.
Learn How to Talk about Money
Money is such a sensitive topic in a wide range of settings; therefore you must learn how to talk about money to gain better control of your money and finances. You can't run away from it, it simply must be done. Learning to regularly discuss about money helps ease things out and makes money matters become less of a taboo or a hot topic. There is an acronym called HALT, which you should consider during or when initiating financial conversations. Don't have a money conversation with someone who is Hungry, Angry, Lonely or Tired. Every other time outside these four are fine; common sense will guide you through the rest.
Learn to Live Within Your Means
This speaks for itself. There is nothing more to be said on this point again. Live within your means. The key to financial success is learning to modify yourself to live either slightly or even below your means, never above. There are a lot of ways to live comfortably without spending every penny, but this fact eludes so many. You should look at your budget and spending habits as a kind of "project that needs monitoring and occasional adjustments" and be disciplined about it. Keep tabs on your spending and learn to hold yourself accountable, before someone else does in an extremely embarrassing way.
Learn How to Budget Better and Prioritize Your Spending
People wrongly equate budgeting with some form of self-sacrifice; however budgeting is simply being responsible with your money. It's taking care of your money to be sure it's in the best possible shape, just like you do with your body and health. Money is too important to be reckless with it, so you need to learn to budget and learn to budget well. Have a reasonable budget that responsibly (the key word is responsibly) caters to your necessary needs, and prioritize your expenses to help you spend wisely. Let your budget and goals match your spending priorities, this way you get to have better control over your money.
Learn to Save
Don't just save for the sake of saving, save because you understand what saving is doing for you and your future financial goals. Also, be sure to never forgo your 'rainy-day fund' or 'emergency savings', because whether you like it or not there will always be a rainy day. Some banks can help with this, as they have flexible and reasonable saving schemes to prepare for these times. Also, insurance is another good way to save for rainy days or emergencies. Don't think insurance and insurance companies are useless. That could very likely be a mistake on your part.
