{"id":1524,"date":"2021-02-28T13:20:13","date_gmt":"2021-02-28T13:20:13","guid":{"rendered":"http:\/\/cashvisory.examinia.com\/?p=1524"},"modified":"2021-03-01T02:58:05","modified_gmt":"2021-03-01T02:58:05","slug":"the-emotional-column-of-our-financial-plan","status":"publish","type":"post","link":"https:\/\/www.cashvisory.com\/blog\/the-emotional-column-of-our-financial-plan\/","title":{"rendered":"The emotional column of our financial plan"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"1524\" class=\"elementor elementor-1524\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a1925be elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a1925be\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3160b41c\" data-id=\"3160b41c\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-7f0512cd elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"7f0512cd\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4918c30d elementor-widget elementor-widget-text-editor\" data-id=\"4918c30d\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Key Takeaways<\/strong><\/p><ul><li aria-level=\"1\"><b>Take a step back and use reasoning to avoid impulsive purchases and emotional spending.\u00a0Our attitude should be to focus on long-term impacts over instant gratification.<\/b><\/li><li aria-level=\"1\"><b>By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways.<\/b><\/li><li aria-level=\"1\"><b>Attaching an emotional significance to a future goal is an effective tool to help us prioritize our future financial situation over current life\u2019s luxuries.<\/b><\/li><li aria-level=\"1\"><b>Living within budget and investing your surplus is not a one-time exercise, but a way of life. We must absolutely not wait for the \u2018right age\u2019 to start investing.<\/b><\/li><li aria-level=\"1\"><b>If you continue to face challenges bringing transformation to your financial habits, seek professional help.<\/b><\/li><\/ul>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-77533b2d elementor-widget-divider--view-line elementor-widget elementor-widget-divider\" data-id=\"77533b2d\" data-element_type=\"widget\" data-widget_type=\"divider.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-divider\">\n\t\t\t<span class=\"elementor-divider-separator\">\n\t\t\t\t\t\t<\/span>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bc1be27 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bc1be27\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-ea4b09e\" data-id=\"ea4b09e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-deef111 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"deef111\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-a4dd4d2\" data-id=\"a4dd4d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-60d0119 elementor-widget elementor-widget-text-editor\" data-id=\"60d0119\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">A major chunk of the problems we face around financial decisions are not so much about our intelligence but more to do with our emotions. We make a budget but fail to stick to it. We know we need a financial plan, but keep procrastinating making one. Some of us are even guilty of refusing to open our credit card statements in the fear of having to face our lack of control on spending. Spending too much, too little, being too reckless, or too careful &#8211; hardly has to do with our knowledge. It is not exactly rocket science to understand that we must spend within limits and plan for our future. Yet many of us fall short of applying this fundamental concept.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-37c9088 elementor-widget elementor-widget-text-editor\" data-id=\"37c9088\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">We first need to identify that there is, obviously, a relationship between our emotions and finances. And to our utmost displeasure, that relationship happens to be complicated. But the good news is, we are here to simplify it by taking an objective look at why we do what we do with our money. By analyzing the deep emotional roots of your financial decisions, we hope to help you stick to the financial plan you have created.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-096516e\" data-id=\"096516e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c7ebf55 elementor-widget elementor-widget-image\" data-id=\"c7ebf55\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"670\" height=\"570\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png\" class=\"attachment-large size-large wp-image-1525\" alt=\"emotional spending\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png 670w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2-300x255.png 300w\" sizes=\"(max-width: 670px) 100vw, 670px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-328554c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"328554c\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-29756c5\" data-id=\"29756c5\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bcb34d4 elementor-widget elementor-widget-heading\" data-id=\"bcb34d4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Stop reacting, start reasoning<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-f434a0d elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"f434a0d\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-9ec55e8\" data-id=\"9ec55e8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bb2e7e5 elementor-widget elementor-widget-text-editor\" data-id=\"bb2e7e5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Once we have fulfilled our basic needs, most of our purchases are a result of emotions. But when we let ourselves just react to these emotions &#8211; whether it be to make ourselves feel better on a bad day, or splurge during an outing due to peer pressure &#8211; that is when we are letting our emotions control our finances. It is nearly impossible to detach emotions completely from our financial life. After all, research has shown that money can buy happiness to a certain extent (or amount). However, we can always take a step back and use reasoning to avoid impulsive purchases and emotional spending<\/span><b>. Our attitude should be to focus on long-term impacts over instant gratification.<\/b><span style=\"font-weight: 400;\"> We should make it a habit to reason out our financial decisions and know whether it is going to make us feel better instantly, only to be followed by waves of guilt. If the answer to that question is yes, then the money is probably better off staying put in your wallet.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-2d8aee8\" data-id=\"2d8aee8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1df6444 elementor-widget elementor-widget-image\" data-id=\"1df6444\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"848\" height=\"656\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image3-2.png\" class=\"attachment-large size-large wp-image-1527\" alt=\"splurging\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image3-2.png 848w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image3-2-300x232.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image3-2-768x594.png 768w\" sizes=\"(max-width: 848px) 100vw, 848px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-8d599e3 elementor-widget elementor-widget-text-editor\" data-id=\"8d599e3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">To build the right attitude, people use various strategies to control themselves from acting on an impulse purchase. One of the ways is to see it as getting paid for the effort you put in to stop yourself from doing something. For example, if you feel an urge to buy the expensive branded belt that you don\u2019t really need, tell yourself: <\/span><i><span style=\"font-weight: 400;\">If I don\u2019t buy this belt worth Rs 50,000, it\u2019s almost like I just got paid to not buy the belt<\/span><\/i><span style=\"font-weight: 400;\">. Using your own version of visualizing savings as a reward for controlling your impulses, you can effectively rewire your brain to analyze every rupee you spend. And to really foolproof your strategy, keep a buffer for <a href=\"https:\/\/www.cashvisory.com\/blog\/the-golden-rule-of-budgeting\/\">an occasional splurge in your budget<\/a>.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6b7bb76 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6b7bb76\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f5b7e84\" data-id=\"f5b7e84\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5006779 elementor-widget elementor-widget-heading\" data-id=\"5006779\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Reimagine limitations as liberation<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f9707a4 elementor-widget elementor-widget-text-editor\" data-id=\"f9707a4\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Now that we know how we can identify and control our impulses, it should be simple from here on, right? If only. A lot of us face major challenges putting restrictions on ourselves because guess what, it feels terrible. Nobody likes to stay within boundaries, caged up by our conscience, societal rules, law etc. Yet, we manage to live most of our lives staying within the confines of these well-meaning rules. Perhaps, it\u2019s because we understand the benefits attached to them. We need to implement the same strategy to the financial boundaries we set for ourselves. Instead of thinking of it as a limitation on enjoying our lives (attention: YOLO crowd), we have to envision what liberties good financial decisions can bring to us. For example, we can splurge our entire salary and live life king size till a certain age. But what happens when we lose our income or have to retire, or if there is an emergency? It won\u2019t be the best feeling going about asking friends and family for financial support, that is, assuming that they are able to help in the first place. On the other hand, regulating our expenses and investing for our future will ensure that we live self-sufficiently all our life. <\/span><b>By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways.<\/b><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b7f58c6 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b7f58c6\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2a52904\" data-id=\"2a52904\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c4a036b elementor-widget elementor-widget-heading\" data-id=\"c4a036b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Attach dreams to your goals<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-336ecbb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"336ecbb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-no\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-4894997\" data-id=\"4894997\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1d4733 elementor-widget elementor-widget-text-editor\" data-id=\"e1d4733\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Goal-planning is a critical component of <a href=\"https:\/\/www.cashvisory.com\/blog\/difference-between-financial-planning-and-investment-planning\/\">financial planning<\/a> &#8211; making sure that we manage our finances in a way that enables us <a href=\"https:\/\/www.cashvisory.com\/blog\/glide-path-get-to-your-goals-smoothly\/\">to achieve our future goals<\/a>. The caveat is that while it is great to have goals, there will be times that we\u00a0 just want to fall back into living in the moment and goals are not good enough to hold us back in these moments. So it\u2019s paramount that we attach our dreams to our goals. You must be wondering what this means. For instance, wanting to buy a house is a goal. We have to connect it to our vision of living and enjoying with our family in our dream house, spending weekends BBQing in the backyard (or whatever your version of living in your dream home might be). Similarly, those of us who have goals of taking trips must attach more meaningful emotions such as exploring new places, enjoying different cuisines, and creating memories of a lifetime to convert this goal into a dream. Simply put, emotions impact our financial decisions and so <\/span><b>attaching an emotional significance to a future goal is an effective tool to help us prioritize our future financial situation over current life\u2019s luxuries<\/b><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-6a46478\" data-id=\"6a46478\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-d91504a elementor-widget elementor-widget-image\" data-id=\"d91504a\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img decoding=\"async\" width=\"782\" height=\"641\" src=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image2-2.png\" class=\"attachment-large size-large wp-image-1528\" alt=\"\" srcset=\"https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image2-2.png 782w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image2-2-300x246.png 300w, https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image2-2-768x630.png 768w\" sizes=\"(max-width: 782px) 100vw, 782px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bb8e058 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bb8e058\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-8b54b50\" data-id=\"8b54b50\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1a4fb25 elementor-widget elementor-widget-heading\" data-id=\"1a4fb25\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Way of life<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27cfcb6 elementor-widget elementor-widget-text-editor\" data-id=\"27cfcb6\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Living within budget and investing your surplus is not a one-time exercise. It\u2019s more of a way of life, just like having a healthy diet and leading a physically active life. Hence, <\/span><b>we must absolutely not wait for the \u2018right age\u2019 to <a href=\"https:\/\/www.cashvisory.com\/blog\/hack-to-investing-its-easier-than-you-thought\/\">start investing<\/a><\/b><span style=\"font-weight: 400;\"> &#8211; you know when we think, \u201cI will start to be more responsible when I turn 30\u201d &#8211; because the right time is now. It also applies to those who may be thinking it is a little too late for them to start. <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6296e24 elementor-widget elementor-widget-text-editor\" data-id=\"6296e24\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">If you continue to face challenges bringing transformation to your financial habits, <\/span><b>seek help<\/b><span style=\"font-weight: 400;\">. The biggest and entirely self-imposed hindrance we face is that we think personal finance is too personal. And yes, while it is personal in nature, it is not very different from other personal aspects of our life such as physical and mental health, where we do seek help from professionals when we are unable to stay healthy. Similarly, there are financial advisors, financial counsellors and many other avenues that can help us <a href=\"https:\/\/www.cashvisory.com\/blog\/5-ways-to-get-back-on-track-for-your-financial-goals\/\">get back on track<\/a> with our financial health and goals. For those shy of human interaction, you can always turn to <a href=\"https:\/\/www.cashvisory.com\/blog\/robo-advisors-decoded\/\">robo-advisors<\/a>, which are unbiased, low cost, time-efficient and accessible solutions to your financial planning woes. Bonus, robo advisors won\u2019t let emotions come in the way.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-03b6115 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"03b6115\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-524f033\" data-id=\"524f033\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-fe96a95 elementor-widget elementor-widget-heading\" data-id=\"fe96a95\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Bottom Line<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-79b78da elementor-widget elementor-widget-text-editor\" data-id=\"79b78da\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><span style=\"font-weight: 400;\">Your financial plan is not just a set of numbers paving the way towards your goals. It\u2019s as much about your fears and doubts as it is about your hopes and aspirations. Almost all your financial decisions are going to have an emotional root. Identify, understand and make the best choice that your future self will thank you for.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Take a step back and use reasoning to avoid impulsive purchases and emotional spending.\u00a0Our attitude should be to focus on long-term impacts over instant gratification. By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways. Attaching an emotional significance to a future goal [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1525,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[8,33],"tags":[],"class_list":["post-1524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-expenses","category-personal-finance"],"uagb_featured_image_src":{"full":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png",670,570,false],"thumbnail":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2-150x150.png",150,150,true],"medium":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2-300x255.png",300,255,true],"medium_large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png",670,570,false],"large":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png",670,570,false],"1536x1536":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png",670,570,false],"2048x2048":["https:\/\/www.cashvisory.com\/blog\/wp-content\/uploads\/2021\/02\/image1-2.png",670,570,false]},"uagb_author_info":{"display_name":"Admin","author_link":"https:\/\/www.cashvisory.com\/blog\/author\/admin\/"},"uagb_comment_info":3,"uagb_excerpt":"Key Takeaways Take a step back and use reasoning to avoid impulsive purchases and emotional spending.\u00a0Our attitude should be to focus on long-term impacts over instant gratification. By associating positive feelings with our tough choices, we have a higher chance of not relapsing into our old ways. Attaching an emotional significance to a future goal&hellip;","_links":{"self":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/comments?post=1524"}],"version-history":[{"count":14,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1524\/revisions"}],"predecessor-version":[{"id":1542,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/posts\/1524\/revisions\/1542"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media\/1525"}],"wp:attachment":[{"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/media?parent=1524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/categories?post=1524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.cashvisory.com\/blog\/wp-json\/wp\/v2\/tags?post=1524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}