Invest in you by paying attention to your finances
People say money won’t bring you happiness.
Money does give you the freedom to do things you love.
It’s important to pay attention to and manage your finances.
Small actions can add up over time
You need to pay attention to your money and your habits and behaviors associated with it.
Basic actions you can take:
- Spend less than you earn
- Track your income and expenses
- Pay bills on time
- Set a budget & follow it
- Pay attention to interest rates if you have loans, credit cards etc..
- Keep minimum cash on hand
- Buy with cash over credit when you can
- Pay yourself first
- Strive for saving 10% from every paycheck and increase it when you get a raise
- Set up an emergency fund
Check in with your money mindset.
Track your money habits
- Where are you spending your money?
- What are you buying?
- Why are you buying it?
When you are about to spend money…
Check in with yourself and ask:
- How are you feeling?
- What are you thinking or saying to yourself?
- Is it a nice to have? Is it needed for your basic survival?
- Why are you buying it? Are you filling a need?
- Is it a good choice/decision for you?
- Is it in alignment with your goals?
Final thoughts
Don’t bother keeping up with the Joneses…it only feeds your ego and results in more bills.
Be true to yourself…just because you want it doesn’t mean you need it.
Excessive spending often leads to clutter.
What’s one thing you can do to better manage or pay attention to your money?