Sometimes when we start organizing our finances, you get the feeling of STUCK. It can feel overwhelming to even know WHERE to start. And when there are more than 1 decision-maker-person in the family, it can sometimes feel either like a conflict zone or like the blind-leading-the-blind.
This is why I want to reframe the whole premise of MONEY. There is nothing shameful about your financial situation. Letting go of this attachment that your self-worth is connected to your net worth is going to be the FIRST STEP. Easier said than done I know. But a quote that I think will help is:
"A rising tide lifts all ships"
When you do well, others around you will benefit from your good fortune. And vice-versa. When those closest to you are doing great things, this will lift up others around them (aka YOU). So not only will this help you shake off the heaviness of your financial situation, it will also build connection and support while you make the necessary changes to get closer to financial success. And those around you will benefit from your new lightness + positivity towards your financial situation.
WHAT DO YOU WANT
You need to decide - what do you want? Do you want a new car? Reduce hours to part time? Bigger home? Investment Property? Debt freedom? Stop living paycheque to paycheque? A big emergency fund? #Iwantitall. Make a list. What's important to you? You might be surprised of how small the list really is. The reason for this is because while we navigate through our weeks we are constantly bombarded with marketing companies telling us (or even YELLING) what we want. You want a new rug. You want to renovate the kitchen. You want to go to the beach. <insert commercial or FB ad here> And you very well might enjoy having those things. But DO YOU WANT THEM? Probably not. You just want them right then. But given another sparkly squirrel advertisement you may quickly left that goal and pick the more sparkly distraction.
So getting clear on WHAT YOU WANT outside of that noise is important + will allow you to get distracted by those exciting dreams, but not get sidetracked and be able to shake it off quickly and come back to what really matters.
WHAT WILL YOU NOT SACRIFICE
Just as important as it is to cut the overwhelm of people telling you what you want, it's key to decide what you DON'T WANT. You may decide that you don't want to finance things with debt anymore. You may value your time and not want to have to work overtime to be able to afford something. You never want to move. There's so many things that we sometimes 'convince' ourselves is a good compromise to get us what we want... #fomo but by outlining the things we will NOT sacrifice ahead of time, will allow us to come back to neutral when our impatient, #yolo self is trying to buy a new vehicle out of our budget when we said "We will NEVER have a car payment again!"
The last and most important step is to own the feelings of pride + empowerment when you make smart financial choices. AND empower and support others who are making their lives better financially too! Whether you compliment your spouse for the amazing home cooked meal or help promote your friend's side gig on your social media. A rising tide lifts all ships. As you do well you need to share the joy. As you see other people doing well give them some recognition + a well deserved pat on the back.
If you are working on your finances and looking for a community of like-minded, supportive money friends, please come into the Your $: Get Ahead + Worry Less Facebook Group.
It's a great place to connect, learn and share ideas.