Are you afraid of the dark? When the lights are out our bedroom can become a frightful place filled with monsters. The jacket we left on the chair, the cracked door of the closet, or the pile of laundry in the corner can suddenly take on a live all it’s own. Once we turn the light on all the spookiness slips away and it’s just our stuff. Traditionally we might think of being afraid of the dark is kids’ stuff, I don’t know about you but I have a nightlight in every room of my house to keep those monsters at bay!
What about the how frightful it can be to take care of our money? Do you ever feel as though the “lights are out” when it comes to managing your finances? Retirement packages, investment packages, budgeting, long term wealth development, even something as simple as asking for a raise at work or increasing your client fees can bring out mind-numbing fears about how to handle any of these things let alone all of them. So were do you begin and how do you turn the “lights on” to make the monsters go away allowing you to simply be safe and comfortable with your money?
Here are a three things you can do today to overcome the fear of the dark when it comes to your money and to turn the “lights on to your finances”:
1. Take a look: for so many of us we avoid taking a long hard look at our finances because we are afraid of what we might find. Turn the light back on by reviewing your accounts. Identify where you money is coming in and going out.
2. Create a Budget: the idea of budgeting our money can be as uncomfortable as the idea of restricting our food or going on a diet. We hate the idea of doing it because we don’t think we can “stick with it” and this is all in our perception. Dieting and budgeting make us feel like we are depriving ourselves and there are many ways to do both without feeling deprived. And we are now entering the holiday session where budgeting is crucial. (Next week we will talk about how to prepare your holiday budget with an added bonus of for our money and our love of the tasty holiday treats)
3. Make friends: sometimes our money can feel like an elusive foe what we just can’t seem to wrangle in and it time for us to turn our money into our trusted friend. The best way to do this is to reconnect with our money by using case instead of credit or our debit cards. When we use cards all the time to pay for everything, even our morning cup of Joe, we disconnect with our money. It becomes a foreign concept instead of a tangible object that we worked hard to earn. So go to the bank and get some cash, in fact use only cash for all your purchases for one week and then tell me what you learned about your spending habits that you didn’t now before you tried this exercise. I can’t wait to hear what you discover!
Let’s keep the monsters in the fun house this Halloween and out of our bank accounts! Happy Haunting!