{"id":19303,"date":"2023-09-14T10:17:10","date_gmt":"2023-09-14T10:17:10","guid":{"rendered":"https:\/\/isafespend.com\/personal-finance\/wealth\/controlling-the-controllable-when-it-comes-to-your-finances\/"},"modified":"2023-09-14T10:17:11","modified_gmt":"2023-09-14T10:17:11","slug":"controlling-the-controllable-when-it-comes-to-your-finances","status":"publish","type":"post","link":"https:\/\/isafespend.com\/?p=19303","title":{"rendered":"Controlling The Controllable When It Comes To Your Finances"},"content":{"rendered":"<div>\n<p>For many people, when they hit a tough time in their life, the go to advice from well meaning friends seems to be \u201cdon\u2019t worry about it\u201d and while this is often easier said than done, the basis of this advice is to control what you can control, and let go of what you can\u2019t. You can\u2019t control certain things in life, such as other people\u2019s reactions, and there are some things in finances that are also beyond your control.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Investments<\/h2>\n<p>Investing is a key component to financial planning, but there are uncontrollable factors involved with investing and if you can understand that, it may make your investing life easier. For example, you can\u2019t control the markets. Despite your best efforts, you can\u2019t time the markets, or control the companies that you\u2019re investing in. What is within your control is how you react to your investments \u2013 such as not panicking or overreacting to your investing decisions.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Savings<\/h2>\n<p>Your ability to save money is another critical part of your financial plan, particularly as you plan for retirement. However, you can\u2019t control things such as interest rates or taxes, but you can plan for them. And the good news is that you can plan around these uncontrollable circumstances, particularly with the help of a financial planner or tax expert.<\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Expenditures<\/h2>\n<p>The opposite of savings is your expenses, and its important to understand how your expenses play into your finances so that you have a comprehensive overview of your financial picture. While you may not be able to control emergency expenses, such as hospital stays or vehicle breakdowns, you can try to control your daily expenses by spending smarter and reducing your expenses where you can.<\/p>\n<p><fbs-ad position=\"inread\" progressive=\"\" ad-id=\"article-0-inread\" aria-hidden=\"true\" role=\"presentation\"><\/fbs-ad><\/p>\n<h2 class=\"subhead-embed color-accent bg-base font-accent font-size text-align\">Earnings<\/h2>\n<p>How much money you bring in is certainly an integral part of your financial plan \u2013 and there are parts of this that are within your control, and some that are not. You can do your best to control what you can \u2013 in getting a job, negotiating a salary, keeping a job, negotiating raises, etc. but you can\u2019t control all of it. You can\u2019t control the job market and layoffs, or ultimately your full career path. What you can control is how long you work and when you retire \u2013 and the amount of earnings you earn within your lifetime makes a difference in your retirement savings.<\/p>\n<p>When it comes to your finances, focus on what you can control and let go of what you can\u2019t control. Working with a team of people, such as financial planners and accountants or tax experts, may also help you to feel like you have a better understanding and control over your financial situation as well.<\/p>\n<\/div>\n<p>Read the full article <a href=\"https:\/\/www.forbes.com\/sites\/andrewrosen\/2023\/09\/14\/controlling-the-controllable-when-it-comes-to-your-finances\/\" target=\"_blank\" rel=\"noopener\">here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For many people, when they hit a tough time in their life, the go to advice from well meaning friends seems to be \u201cdon\u2019t worry about it\u201d and while this is often easier said than done, the basis of this advice is to control what you can control, and let go of what you can\u2019t.<\/p>\n","protected":false},"author":1,"featured_media":19304,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":{"0":"post-19303","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-wealth"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v20.12 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Controlling The Controllable When It Comes To Your Finances | iSafeSpend<\/title>\n<meta name=\"description\" content=\"For many people, when they hit a tough time in their life, the go to advice from well meaning friends seems to be \u201cdon\u2019t worry about it\u201d and while this is\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/isafespend.com\/?p=19303\" \/>\n<meta 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