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2022: It is Time to be PC

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It seems that everywhere you turn, people are doing and saying things that run contrary to decency and honor. They are no longer concerned with how things look or sound. Insults are no longer considered taboo, but a way to remain relevant. In other words, no one is concerned about being “politically correct.” And that is disheartening.

What is just as disheartening is when people do not manage their money with PC—not political correctness, but with purpose and consistency. One of the top three resolutions that people make for the new year is to manage their money better by getting out of debt and saving more. They may have the best intentions and make a good effort in the beginning. According to people.com, most individuals completely abandon their resolutions after 36 days.

It is one thing to tell yourself that you want to work on improving your financial situation. But it takes effort to create a plan and work through it. If you don’t have a plan, your words will take flight and your actions will be all over the place with no clear destination. You will continue to make unwise financial decisions. Your money will be here today and gone tomorrow. Many resolutions or goals fail because they lack purpose and consistency.

Creating a purpose for your moneys helps you focus and prioritize spending. What does it mean for your money to have purpose? This is easily answered by asking yourself what is it that you truly value? What things are important to you that require monetary resources? The purpose of your money is to fund those things that you have identified as being important to you. Some of those things may be getting out of debt so that you can redirect debt payments to other goals, such as building and emergency reserve, saving money for a down payment on a home, college for the kids, retirement, investments, your dream vacation, or be able to give more to causes you care about. When you consider the things you value, you are less likely to spend on frivolous items, such as fad clothing, frequent dining out, or expensive “status” accessories. Whatever you spend your money on is what you have set as a priority. If your priorities do not reflect what you deem important, change them.

Now that you understand the purpose of your money, you must be consistent. If you want to pay down your debt, be realistic about the amount of “extra” money you can commit to the plan. This may mean adjusting your spending habits to free up money for your debt payoff or savings plan. Think about areas of spending that can be eliminated or significantly reduced. Are you spending money on things that do not align with your values and goals? If so, redirect those funds. Be consistent in your efforts. The more consistent you are, the easier it becomes, and the more likely you are to reach your goal. John Maxwell says, “Small disciplines repeated with consistency each day lead to great achievements gained slowly over time.” The Grand Canyon started with a small, consistent flow of water to become one of the seven natural wonders of the world. Imagine the difference it will make in your life when you focus on the purpose for your money and be more consistent in working your plan. Let’s be PC in 2022.