Trying to improve your financial situation can be incredibly difficult under normal circumstances, but if you find yourself head to head with a number of obstacles at the same time then it can become even more so. When trying to improve your finances you will come across many roadblocks that are unavoidable, for example, your have to pay your credit card fee for January or you risk getting a black mark on your credit record. In this type of scenario, there’s nothing really we can do apart from pay the amount and move on, but there are other obstacles that are not so tangible that we can try to control in order to improve our situation.

Finance is ever changing

The personal finance world is always changing, I’ve been educating myself on financial products and services for a number of years now, and I still find it incredibly difficult to keep on top.

When you are trying to improve your financial situation it’s important to know what’s going on in the finance world. Being up to date can take a lot of time and dedication, but if you enjoy learning and reading then this part should come naturally to you.

No Direction / Inspiration 

Not knowing what you want to achieve or how you want to improve your finances can be a really big obstacle. You need to have a direction so that you can focus on doing what’s best for you. Whenever I lack direction or inspiration, I take a look at some personal finance blogs to see what everyone’s been talking about.

Sometimes the inspiration you need is just around the corner in the form of a story or post and that might just be what you need to give you some enthusiasm.

Peer Pressure

Peer pressure can be a really big obstacle when trying to keep your finances in check. There may be times when you have to make a decision based on peer pressure, your friends may be telling you to go out for a meal and a few drinks, but deep down you know that you can’t afford it. In these situations it’s up to you to decide what implications they would have on you financially, and only you can make this decision.

Having the time to do something about it

When you are struggling to keep on top of payments and you know you have to do something about it, you simply might not have enough time to do so. Watching TV or listening to the radio isn’t an excuse when it comes to dealing with your finances but important matters that deal with family and friends are. No matter what you have going on week in week out, you should still dedicate some of your time to your finances, try to get into some sort of routine that allows you to remain motivated and focused.

Guest post by Andreas