How to Build Your Financial Motivation

How to Build Your Financial Motivation

Struggling with financial motivation can lead to a variety of life challenges. You might find your finances draining as your financial goals are pushed farther away each passing year. This can make almost anyone feel like giving up on their original financial ambitions. There are several ways you can fight this. However, if you are struggling with bankruptcy, then consider consulting with a Chattanooga bankruptcy lawyer about your situation.


One quick way to test the reason behind your low financial motivation is to ask whether you are following your goals or someone else’s goals. We often have more motivation when we are pursuing our own personal values and goals. When we are chasing values someone else wants us to, we have less incentive and passion behind our pursuit.

Peer pressure in terms of what your loved ones are using their money for can increase financial dissatisfaction. You may find temporary relief from indulging in one of these peer pressure decisions, but this is less likely to last. Most people find long-term satisfaction from following their own financial goals.

Perseverance and self-efficacy are two important factors that can increase your motivation. Increase your perseverance to push through obstacles in front of your goals by seeking support from others and reminders. Make sure these reminders are the reasons you want to pursue your financial goals.

Self-efficacy is how much belief you have in your ability to accomplish something. The more you practice something, the higher your self-efficacy is likely to increase. Practicing financial decisions, smart spending, and financial management strategies can all help strengthen your financial self-efficacy.

In turn, this can increase your financial motivation as you move closer to your financial goals. Small accomplishments build motivation over time.


Taking steps to prioritize your financial motivation can also help. This means prioritizing spending to match your financial goals. Prioritizing spending means using mindful spending to move closer to your goals.

Mindful spending means asking yourself questions when you find yourself with the urge to spend or during your next purchase. Ask yourself why you are buying that thing, the financial consequences, and whether you can afford this right now. Question whether you can delay the purchase and if you can live without the purchase. The most important question to ask is if this purchase is making up for something missing in your life.

Having smart financial goals is crucial for you to be motivated in the first place. Smart financial goals are specific and have obtainable deadlines to achieve them. This could be by the end of the month or the end of a few years. Knowing what you want is the strongest motivator because otherwise, you will not know what you are working hard for.


Managing your finances can be stressful when you are on the brink of bankruptcy. Call us today at Tom Bible Law by dialing (423) 690-7712 to find out ways to escape your financial situation. Our legal team of Tennessee bankruptcy attorneys can work with you to find out what financial alternatives you have. You can find us throughout the Tennessee cities of Chattanooga and Tullahoma.