I must say that personal finance has been a challenge for me. Since last summer I made the decision to do something about it. One of my crazy life situations forced me to look at where I was, where I thought I should be and figure out a way to get there. Then I found out I was pregnant. Oh boy, or should I say Oh Girl!
I wondered how many women like myself were in this situation. I'm sure it's not something most people talk about, but I have to be real with myself. Over the last several months I have made great strides in my personal finances.
The struggle is not over, but I have won some battles. I'd say in another year VICTORY WILL BE MINE!!
Here are some tips that helped me:
- Examine where you are financially. How much are you spending and on what? What is your monthly income and what are your monthly expenses?
- If you don't have or use a budget. Make one, most importantly stick to it.
- Cut back where you can. If you just have to have that new pair of stilettos, make sure all your important expenses are covered 1st. If you don't have gas to get to work, I'd hate to see you walking there in those heels!!
- Talk to a financial counselor. My bank offers that service to members and my job does as well. Take advantage of any resources you have available
- Hold yourself accountable!
- Recognize even the smallest success. I praise myself when I drive past Krispy Kreme and the light is on or when I walk away briskly from the makeup aisle with NOTHING in my hands!! That for me is a WIN 🙂
- THE MAIN THING: Use your vision to fuel your success. I know what type of life I want for my girls and I. In order to get that life I had to make some changes. Create a vision board of your future and the things you want. Put them on your phone, your desktop background, look at them, breathe them, and live them. Let your goals and future be your focus. Shift your perspective on spending and money. Never give up!
No one really taught me about finances. I remember in 2nd grade taking a banking and budgeting class. We learned how to balance a checkbook and talked about savings.
I knew money was important, but ummmm that should be something taught in high school because not all of us are set up at home to be educated about finances.
In my book a WIP I talk to my daughters about money, budgeting, being financially responsible, what credit is, and why these numbers and pieces of paper are important. I want them to have a better future, in order to do that I must teach them what I know, while also showing them.
Ironically I love finance. I do well with accounting and business finance, anything related to it. My college courses helped me apply that knowledge to my life.
I am able to break down a company's financial statements and make smart investments.
That is a lot to talk about in itself but is an awesome skill. I don't know what I want to do with this talent, but I need to do something with it. Once I started looking at my life as ‘my business' I started winning!
Change your perspective, change your life!