How to Build a Financial Cushion
We all like to believe that we're rational with our spending, yet many of us still haven’t built a solid financial cushion. Think back: maybe you started with a salary of 300 euros as a teenager, and now you are earning 5k euros per month, but the outcome is the same, you see 0 (or even a red line) at the end of each month.
The issue lies in a common trap: the more money we earn, the more we tend to spend. As our income grows, so do our expectations and lifestyle demands, making it feel like we never quite have enough.
If we have no goals, no matter how much we earn, there will always be a way to spend all the money.
The way out of this earning/spending circle is to be conscious. A clear mindset helps define goals and understand what is essential. Financial goals act as a guide, helping you prioritize what truly matters and distinguish it from mere desires to please the ego or suppress emotions with quick dopamine hits.
Your spending is not just an impulse buy, but supports the life you truly want to build.
In the upcoming article, I am going to open up the topic of the psychology behind spending. For now, let’s dive into a practical guide on how to save money effectively and stress-free.
