Unluckily, we were not taught much about finance in our growing days neither by our parents or teachers. In fact, this is one of the major reasons why we often face so much difficulty in handling our finance. Well, whether you like it or not, but this is the bitter truth that finance plays an integral role in attaining stability in our life

From paying our bills to managing our basic expenses, from saving for our future goals to purchasing stuff from time to time, dealing with your money is not at all easy. There are some who are able to manage the burden, while others are still struggling. So, if you are also one of them who are having a really bad time in dealing with finance and have indulged spending habits that are draining your hard-earned money, then you need to take some serious step.

A 21 day financial fast

Here, to help you we have introduced the concept of 21 days financial fast that can help you regain your stability again and be on the right track. So, you must be wondering why a 21 day fast?  Well, scientifically it is proven that we humans can stop any bad habits if we manage to resist it at least 21 days.

The fast will actually help you in breaking some of your worse financial habits that you have been practicing in the long term. It is just same as being in diet, the only difference here is that you are avoiding certain spending urges in place of food items.

Is a 21 day financial fast really effective?

There are a plethora of options available on the internet that can help you become financially stable but all this can lead to a big confusion. A financial fast, on the other hand, will give you a direct and simple footprint that you will have to follow in order to get rid of your financial activities, provided you follow it strictly.

Rules of the fast

Yes, it is true that this fast is simple but the rules will be quite challenging. Here are the things that you will have to implement in your fast. So, let us see them.

Be consistent until 21 days

 A 21 day period is more than enough to fix your financial shortcomings and focus on what you actually need. However, the fast will only be effective if you follow until the very last day of the fast. After that, you would have developed a new habit that would be in your benefit.

Spend only on genuine needs

 The next important thing to do during the fast is spending only on genuine needs and cut the discretionary expenses. This means that you will have to eliminate the expenses like going bars, movies, restaurant and stop doing online shopping. Your money should be spent wisely on items such as basic utilities, medications, rents and other necessities.

Make cash your ally

In this digital age, we have access to the latest technologies where we can easily perform transactions via cards or through our smartphones that are in fact very useful. But, during the time when you are learning to control your finance, just reduce the usages of cards and online transactions. Throughout the fast, try to use cash as much as possible as you will get real-time check how much you have been spending. This will help in improving your self-restraint.

Use a spending journal

Now as you will be spending the coming 3 weeks of your life in changing your habits, you must keep a track record of everything. For this, you can keep a spending journal where you can write everything related to your finance going nowadays. Doing this will let you know how much progress you have really made and what you need to do further.

Don’t panic

There are many who just create a plan but fail in the end because they don’t follow their plan effectively. So, if you really want to make the most of your fast, then make sure that you follow the plan till the last. Also, if in any case, any emergency arises, then don’t panic as it will make things worse.  Handle things in a positive way and if your poor financial habits have affected your credit score, then you can take an approach a direct lender to get an instalment loans with bad credit. The timely repayment of the loan will boost your credit score, thus making it easy to get big loans in the future.

Wrapping up, this was everything that you need to know about the financial fast and how to practice it. The amount of time that you need to dedicate will be only 21 days but the result it offers will be massive.

Description :  if you are struggling to handle your money, then you could do a 21 financial fast in order to get back on the track.