Welcome to Wealthy Enough - my weekly newsletter where I share actionable insights to build your life of Enough.
Have you EVER felt like “Why I’m BAD with MONEY” .. Study shows that ONLY 25% of the young population feels confident when it comes to personal finances. I’m not making it up! That’s ~ low figure!
Well then, let’s learn how NOT-TO-FEEL That way! .. Things I’m covering today:
📝 Why is this Feeling even exist?
📌 How to get better at it?
✅ A small challenge … to keep the momentum rolling 🎲
I believe to feel this way is quite natural .. just look around.
A snapshot of expenses on a normal office day commute looks like this:
Full Day Train Ticket: $11.40 (in Melbourne, if you are like me who loves PT 🚃), Morning Ritual Coffee & Croissant: $15 (without the cheese 🧀 and tomato 🍅), Lunch: $25 (Soul-crushingly💔Basic), Snacks during the day: $12 (again very basic🥤🍫🍓)
That’s $63.4 just 1 day of expense to go to work! If you are doing it 3 times a week ~ $750 gone in a month. So to go to work you spend ~$9000 a year 💸!
There is NO REASON not to feel anxious. I hear you👂
Snapshot of the Study!
We are becoming more emotional when it comes to spending! There is a growing number of people getting into “Financial Nihilism” - more about that next week. But for now let’s look into a typical spending trigger …
You had a terrible day at work — you online shop 🛍. I see people on the train (sorry!) all the time on their phone on some e-commerce site browsing with a grumpy face 😤! You're feeling low — you eat out instead of cooking at home 🍔.
None of that is random. It's a pattern. And patterns have triggers. The fix here isn't a budget. It's awareness. Start tracking not just what you spend, but how you were feeling when you spent it.
Identify them because identifying is half the work.
I’ve created a detailed video about this topic, how you can improve and how you can challenge yourself to overcome this “Feeling”. Check below👇 to learn more and spread the word!
You can utilise my ALL-IN-ONE PERSONAL FINANCE SOLUTION GOOGLE SHEET if you are looking for an effective solution 👇:
Get a head start on your Personal Finance, watch these 👇
That’s all for this week. I hope you’ve found this helpful and insightful.
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I’ll see you next week 🙂
Saeem Khan
Creator of Wealthy Enough.
Software Engineer, Investor, Content Creator
www.saeemkhan.com
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⚠️ Disclaimer
This content is for educational and entertainment purposes only and should not be taken as financial advice. It doesn’t consider your individual objectives, financial situation, or needs. Please do your own research or consult a licensed financial advisor before making any investment decisions. I only recommend tools I personally use and trust. Some links above may be affiliate links, meaning I may earn a small commission (at no extra cost to you). It’s a simple way to support a small content creator like me. Your support means a lot. Thank you!