Money Habits
When it comes to money, what’s your mindset?
Do you have beliefs about money that dictate your money habits?
What is a money habit? Well, just like your eating habits, sleeping habits, and exercising habits, money habits are those things you do with your money that are second nature to you. You give little, if any thought to them.
For example, you might always, always, pay your bills to the last penny on the 8th of the month. Or, you might religiously give 10% of your earnings to your place of worship. Or, you might pay the minimum amount due on your credit cards every month. You might balance your bank account consistently. You might put money into your 401K or savings account on an automated fashion. You might let someone else manage all your financial transactions. You might always pay in cash. You might always pay with a credit or debit card.
Money habits can take you on satisfying adventures –BUT, money habits can also lead you to a dangerous and risky precipice.
As an aspirational, goal seeking woman, you need to take a pause to mull over your money habits. Ask yourself if they are serving you today in the way you intended when you first cultivated them.
My money beliefs have changed a lot over the years.
I can remember as a young mom and wife thinking that credit cards were Ah-Mazing! I mean, enjoy now and pay a pittance for …well…ever. I also believed that it was good to buy as much house as the bank said we could afford. Back then, I also believed that it was hard to make money, much less keep any of it for a rainy day.
As you might imagine, over time, all those beliefs had to be replaced with new, fresh, helpful ones. Had to – because we got into some serious financial difficulties over a period of about two years from which it took many years to dig out. Oh yes, I write to you from a place of having received foreclosure notices, of tapping into our 401K way too early to gather enough money to repossess the home from the purchasers who failed to make even one payment over the course of the year they lived in the home.
I remember my utter disbelief and dismay…the pit in my stomach…at the thought of muddling through our financial mess.
But you know what? We did it and we learned to respect money, respect its power and the options it gives you when you have it. We learned resilience, and we traded in a scarcity mindset for one of abundance because of what we endured in the early part of our journey.
One tool that would have made our life so much better back then is one I have for you here. Don’t let its simplicity fool you.
Then, grab a cup of coffee, a Topo Chico on ice, or the beverage of your choice, and commit to filling in the blanks.
You know, as goal setters, we believe that when we write down a goal, God blesses us by causing it to move closer and closer to us. We understand the beauty of the reticular activating system, the RAS, and its function of causing our brain to find evidence to support and help us on the journey.
So, commit. Write out your financial goals.
Check up from the neck up, as Zig Ziglar use to say, to keep your abundance mindset intact.
Question unhelpful money beliefs and decide to think money thoughts that will serve you best.
Let me know how I can help!