Thinking Long term with your finances instead of week to week

One of the first things I notice when working with clients is how they are viewing their money.  Do they view it week to week, or are they looking at it long-term?  Most of the time they are living week to week and payday to payday.  That is understandable due to the way our culture puts an emphasis on impressing people with our purchases and our increasing debt.  However, one of the things that I have noticed about successful people is how they think long-term and not week to week.


“How can that be done?” you may ask.  After paying the car payment, credit card statement, and student loan, we have little left to live on until our next payday and we do not have the time or emotional energy to look ahead one, three, or even 10 years down the road.  The key is to take back your finances instead of it taking control of you!  Get on a plan, create a budget, stick to your debt snowball, and apply the KISS principle to your finances.  This will allow you to get control of your money, get out of debt and build an emergency fund which removes risk from your life.  You will then be able to see above the trees, so to speak, and look past the forest.

As a result, you will be able to think more long-term with your money which will help you make better decisions instead of just surviving until the next payday.  You will be able to plan ahead for future expenses that you were not able to do before.  Most importantly you will change your family’s financial path by being more aware of your finances and having sound goals that will lead you to build wealth.

If you are used to living week to week, it is going to be hard to change and will not happen overnight.  But by starting today, you can start to work towards viewing your money long-term instead of week to week.

Please leave a comment; I would love to hear how you are viewing your finances and what you have done to start thinking more long-term instead of week to week.

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2 Responses to Thinking Long term with your finances instead of week to week

  1. Robert says:

    I look long term and week to week when doing my finances. I do not live week to week as far as paycheck goes.

    • Jon White says:

      Good point Robert. You want to look both Long term and short term when looking at your finances but like you said you do not want to live week to week. When you view financial decisions in how is this going to impact me in 5 years compared to how is this going to make me feel today, you will start to make better financial decisions!

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