Creating boundaries between what you need and what you want is an important aspect of personal and financial well-being. Boundaries are a way to take care of ourselves. When you understand how to set and maintain healthy boundaries, you can avoid the feelings of resentment, disappointment, and anger that build up when limits have been pushed.

A person with healthy boundaries understands that making their expectations clear helps in two ways: it establishes what behavior you will accept from other people, and it establishes what behavior other people can expect from you.

 

Psychcentral outlines some tips to help you create boundaries.

  1. Identify your needs and wants: Take some time to think about what you need and what you want. Make a list of your needs and wants and prioritize them.
  2. Set limits: Once you have identified your needs and wants, set limits on how much time, energy, and resources you will devote to each one. This will help you stay focused and avoid overcommitting.
  3. Say no: Saying no can be difficult, but it’s important to set boundaries and protect your time and energy. Be polite but firm when saying no.
  4. Communicate your boundaries: Let others know what your boundaries are and why they are important to you. This will help them understand your needs and respect your boundaries.
  5. Be consistent: Consistency is key when it comes to setting and maintaining boundaries. Stick to your boundaries and don’t let others push you around.

Establishing boundaries between needs and wants involves a combination of financial planning, goal setting, and a mindful approach to consumption. By maintaining a clear distinction between the essentials that support your well-being and the non-essential desires, you can cultivate a more sustainable and fulfilling financial life.

Watch this weekly wisdom for more information.

 

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