It is a subject that few people discuss, but more and more therapists are talking about it – the key link between our emotions and our money. We may think that money is all about our rational selves, but in fact our emotions are often very much invested in our pocketbooks.
We may think that money is all about our rational selves, but in fact our emotions are often very much invested in our pocketbooks.
If we want to repair our credit, we have to deal with the emotional as well as the numerical side of money. There are a few tips that financial experts now believe can help you harness your emotions in a way that can actually help you improve your credit score:
- Give yourself a break
There is no point in beating yourself up over your credit score – whatever it may be. Instead, promise yourself that you will do better in the future and then work to repair your credit rather than working on berating yourself. Taking action to improve your credit rating will improve your outlook as well as your credit.
- Give yourself a treat – without affecting your credit rating
Reestablishing good credit is hard work and daunting as well. Once in a while, as you reach a milestone, you need to reward yourself. You should do this through some means that does not involve debt or money. If you repay your credit card bill, there is no sense in running up that bill again on a shopping trip. Instead, you should list some inexpensive and fun treats you can give yourself. Keep this list wherever you keep your financial file. As you reach a big milestone, take out your list and immediately reward yourself with one of the items on the list. This will not only keep you motivated, but it will inexpensively keep you from feeling too deprived while you work on your credit score.
- Get help if you need it
Don’t be afraid to ask for help – financial or emotional – if you need it. There are a number of wonderful organizations that can help you if a problem is causing your credit problems. If you have credit problems due to compulsive overspending, for example, Overspenders Anonymous can be a great help, and the credit repair experts at New Leaf Consultants are here to help restore your credit and provide advice for how to improve your financial health over time.
Bad credit can be emotionally trying, and boosting your credit can be daunting and difficult as well. It is important that you keep track of your emotions during the process. If you find yourself dwelling on your credit too much or if you find yourself severely depressed, seek help at once. A credit problem is a fixable solution – do not let it become an emotional disaster for you.