Some people don’t have a problem spending money. It’s easy for them to buy luxury items without feeling bad about what they’re doing to their bank account.

This article isn’t for them.

If instead, you cringe every time you have to fork over some cash, even if it’s for something you need, you have to change your mindset. You’ll be a lot happier if you learn how to feel better about spending your money. These tips will help you get there.

It Can Make You Happier, If You Spend It Wisely

No one wants to spend money on bills and taxes, but it turns out, you aren’t doing anything for your long-term happiness either by purchasing a designer handbag. Spending money can make you happier, but you have to spend it wisely.

Sending money with Remitly can make you feel good knowing you’re helping a friend or family member. Spending money on an experience, like a date night or a weekend vacation, is a great way to boost your happiness by spending money too.

Conquer the Scarcity Mindset

Do you feel like there will never be enough money to go around? Do you worry that someday, you won’t have enough to pay your bills, even though you’re completely capable of paying them now? You’re dealing with a scarcity mindset.

No matter how much you have, feeling like you don’t have enough, or you won’t have enough, is the quickest way to feel depressed about your finances. Instead, work to combat this mindset by cultivating a viewpoint of abundance.

Spending It the Right Way Can Help Your Credit

You may be cracking down on your spending so you can save for a house or a car, but all that saving won’t matter if you don’t have good credit. You may have to spend a little in order to boost your score. Boost your score by:

  • Using a credit card to make some purchases
  • Paying your credit card in full each month, or at least make more than the minimum payment
  • Paying off debts so your debt to income ratio is lowered

There’s No One-Size-Fits-All Approach to Finances

There’s a lot of advice out there on how to deal with your finances. It’s true that there are plenty of common mistakes people make, but that doesn’t mean there’s only one way to monitor and manage your finances.

Don’t feel like you have to follow the latest advice if it doesn’t resonate with you. Put off paying down that credit card so you can save for a house, if that’s what feels right. As long as you’re working towards your financial goals, it doesn’t matter if you follow the latest advice or not.

Sometimes, the best way to feel better about spending money is to spend a little bit more here and there to remind yourself that it’s for spending! With these tips, you can adjust the way you think about money so you don’t feel anxious every time you hand over a little cash.

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