Have you ever really wanted something? Seen something on a store shelf or had your kids see something in the candy aisle and beg for it? Learning to say no is an art form that allows money to stay in your wallet. It also helps you manage your budget. Learning to say no is important.
First, you have to say no to yourself. Are you an impulse shopper? Do you stick to your budget? So many times when we want that latest gizmo or to travel we simply put it on a credit card. Today has become the day of giving in to our latest desire. In adulthood we are more and more about what we want and need in the moment. To often its about now with no thought of the future. To plan for the future you have to learn to say no now.
For me saying no to myself sometimes is hard. There are many things I want, but they are not in my best interest if I want to get to my long term goals. For me I have learned to shop with a list, and if I am making a major a major purchase I always wait 48 hrs before making the purchase.
Learning to say no to others is also important and this doesn’t just mean about money. We all have to know our own capabilities. We have to be able to say no to our kids and our families and even friends.
When it comes to my own daughter she has been saying no since she was young. Now days, she is very responsible when it comes to money. I have also learned that if you load money to family and friends you may not see it back. Whenever you loan money out, remember you are creating a debt for that person. Is that really the best thing for them? When we bail our kids out of financial messes, we leave them without money management skills often. It’s best to think twice.
When we learn to say no there is money left over to actually do what we want long term. A little self discipline and Learning to say no really can go a long way.