5 Things To Do When You’re Discouraged About Your Finances

These are 5 things you have to keep doing when you are discouraged...As you look back on what you've accomplished so far this year, do you cringe? I have some encouragement for you. I want you to keep going! I want to encourage you to be the tortoise in a society filled with hares. But, how? Financially, when things are not going the way you might like, and you feel like you aren't making the kind of progress you desire, how do you keep moving forward?...As you look back on what you’ve accomplished so far this year, do you cringe?

I have some encouragement for you.

I want you to keep going! I want to encourage you to be the tortoise in a society filled with hares.

But, how? Financially, when things are not going the way you might like, and you feel like you aren’t making the kind of progress you desire, how do you keep moving forward?

Let me offer some very simple, but very important things in which you need to keep doing.

1. Keep Looking at the Big Picture

This is the overriding principle of this article of encouragement. Just because the last few months might not have gone the way you thought they would, that is no reason to give up.

Where were you financially five years ago? What about 10? Each time I look at our money and get a little discouraged, I try to think of where we used to be financially, and the progress becomes clear.

If you have made that type of progress in a time when the markets have been volatile (to put it mildly), think 5, 10, 15, or even 20 years into the future. Think long-term and keep your eyes on the big picture, not just on today’s stock market report or last month’s check register.

2. Keep Avoiding Debt

This is especially important at this time of year, as consumerism around Christmas can completely overwhelm us. It continues to be true, though, that debt will rob you of achieving long-term goals. If you follow the old maxims of “living on less than you make” and “living within your means,” you will avoid going into debt just to support lifestyle.

I don’t want to be a slave, and “the borrower is slave to the lender” (see Proverbs 22:7). If you’re trying to pay off debt, keep going! It is hard (believe me, I know), but it is also worth it (I know that, too).

3. Keep Saving and Investing

This is where my wife and I have seen frustration. It can feel like, even after adding money to investment accounts, the only money in the accounts is what we have put in.

When you see those if-you-had-put-$1,000-in-this-account-in-1945-it-would-now-be-worth-$56,000,000 charts, it gets frustrating that your small investment is, well, stagnant. And it can get easy to just give up.

But we all know that, over time, those who have money for emergencies, purchases, retirement, college, and other long-term goals are the ones who win financially. Again, look long-term.

4. Keep Up

In other words, don’t give up on thinking about your finances. You don’t have to be the king of charts and graphs, but you should take a few moments to budget each month, and you should also keep up with some simple records (check records, a will, etc.) that will help you in the long run.

Many get behind in one or more of these areas and just give up. Don’t give up. If you have to, put a “financial review” time on your calendar. It doesn’t have to be a weekend; in fact, it’s probably better if it is just an hour or so each month for some simple review work and budgeting.

5. Keep Giving

No matter what happens financially, giving needs to always be an essential piece of the puzzle. Whether or not you receive back the amount of money you have given, you need to give. Givers are blessed, and it is the best long-term investment you could ever make.

Yes, this finance stuff can get frustrating at times. We are fed a steady diet of consumerism and wealth by the TV shows and movies we watch, and we see more advertisements every day than previous generations saw in a decade (or more). We know what we want, and we want it now! But, sometimes, we don’t get it right away.

My encouragement to you is simple: keep going! You’ll be glad you did. After all, the tortoise wins the race every time.

Do you have a quote or thought that keeps you going when times get rough? Meet us in the comments and let us know!

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  1. Emily

    “What a man sows, that shall he also reap.”

    “You’re never a loser until you quit trying.” Mike Ditka

  2. KC @ PsychoMoney

    The slow race is often the hardest, but can be the easiest for he who has patience.

  3. Don

    My encouragement trick is two-fold. First, instead of looking at what goals I haven’t reached, I try to turn them into positives. For example, if I wanted to save $10,000 this year and only saved $8,000, I say to myself “look at how much I saved! It’s $8,000 more than last year”! I try to turn any negative into a positive.

    My second trick is to envision my goals with pictures in common places to remind me what I am striving for. In my wallet are pictures. Whenever I pull out the credit card or money, I am instantly reminded of my long term goal and I pause for a minute and re-think what I am about to do and how that will affect my goals.

  4. videos cristianos

    I like your article, we as Christians must be aware of so many things, specially on these hard times. There is a malefic strategy to place us all of us in debt, we must not follow into the debt trap, get out of debt as soon as possible. God bless you

  5. Anton Ivanov

    Some great tips for staying motivated when things get tough. It’s the small choices we make every day that really matter in the long run!

  6. Rick Supplee

    I like his comments regarding avoiding debt. One great way to get there is to always buy used cars. My favorite is the Honda Accord as its the most reliable car on earth. In Australia folks primarily buy used cars and that is why there are far more millionaires in Australia than the U.S.

  7. Melody

    Thank you so much for this article! Particularly the last step Keep Giving. That is tremendously good advice. Giving and gratitude are so connected. Having healthy finances requires gratitude first and foremost.

  8. Agshin

    Interesting post. I think another way of looking at encouragement process would be to read apostle Paul’s letters. In some of his letters he writes about how in spite of suffering he goes through, he still hopes and he actively resists letting hope die.
    It is possible to look at apostle Paul’s life and transfer insights gleaned from that into our experiences in financial matters.
    As to the post, I think avoiding debt is really important. By avoiding debt we also avoid falling into temptation that everyday environment encourages us to.

  9. Melody

    This article is just what I needed. Sometimes the money issue is simply needing encouragement to push through and someone to say, you can do it! I appreciate it.