
5. Increase Self-Discipline
Self-discipline is not the easiest characteristic to learn and seems nearly impossible when you don’t start learning from your childhood. In fact, one reason people struggle when it comes to handling money is that they don’t have a strong sense of self-discipline. They think they can spend while they have the money and then wonder where it went once they find their bank account low.
There are many techniques you can use to boost your self-discipline so you are more likely to save instead of spend. For example, leave $20 in a place that is easy for you to grab and spend and see how long you can leave it before you spend it. Then, note what you spent it on like groceries or something you didn’t need. Continue to do this to keep the money in that location longer than next time.