Yes, you read that right and no, it’s not an April fool. I love financial coaching, and have been overwhelmed by the number of people who need help, and I don’t think I have left the office in the last 28 months!!
Managing your money, and savings can be hugely influenced by your emotions. You could be an emotional spender and saver and you may use spending as a “treat” – it’s a minefield of emotions and shame – learn how to hack your savings mindset.
Everything is increasing in price. We’re getting less for our weekly shop, it’s costing more to fill up our cars, and energy bills are spiralling. Read my top 5 saving tips here.
If talking about money makes you squirm, then create a safe environment to discuss money issues – from the monthly food bill to saving for next year’s holiday. I have found it is easier to do this when everyone else is out and you have the place to yourself, or take yourselves out for coffee and discuss the money issues, or over a glass of wine at the end of the week. Create some fun around it, it’s something you are doing together. It will take practice.
Can you talk to your partner about money?
Our relationship with money will probably run deep and long and it’s usually a product of everything that has gone before, family experiences, being poor or being rich. It can be so varied and they are based on our experiences, our subconscious beliefs and thought patterns usually from our childhood. So deeply ingrained in us, they determine how we as adults deal with money. Any negative beliefs and patterns being incorrectly diagnosed as just being lazy, crazy, stupid or just bad with money. It can lead to a poor relationship with money – but don’t let it ruin your relationship.
Managing your money well doesn’t have to be a complicated process, and you don’t have to earn a degree in finance to learn how to be financially savvy. The key is to keep it simple and not to overthink it.
Forget New Years resolutions and intentions for the new year. Do You have a financial plan? A Financial action plan or are you happy to “wing it”?
My client had been thinking about working with me, but there was never a right time. They were always too busy, and didn’t want to tackle their problem with money. Why should they? They were successful, lovely family, great job, gorgeous home and all the trappings…. but it was all smoke and mirrors. They really struggled with huge debt and just didn’t know how to cope with the increasing debt and didn’t feel able to talk to anyone about it.
It’s simple and the signs are so obvious, but sometimes you can’t see the wood for the trees, you are so entrenched in your relationship with money and often drowning in debt you just can’t see it.
Are you winging it with your money, or can you account for every single hard earned pound?
Don’t know how much you’ve earned or spent? It’s time to stop messing around.
When it comes to managing their money, most people are content on their own.
That can backfire.
