QUICK FINANCIAL WELLNESS TIP

I don’t know who need to hear this but you can’t solve money problems with money. A quick wellness tip for you on this Wednesday, is to stop trying to figure out how to get more or make more. The more money you make, the more bills you have, the more debt you’ll have.

person counting cash money

Yes, the world seems to have taken us all by storm, again. But to stay ahead and get ahead you must change some daily habits. First is changing or shifting how you feel about money. What is your relationship with money? Secondly, look at your daily spending. Is it necessities or wants? What can you do to cut back? Have you been budgeting? When was the last time you tracked your spending. https://amzn.to/3mQ1uh7

To be honest, you’ve probably been working overtime to make ends meet, has it worked for you? Or have you found yourself in the same spot that you were in last pay period? Meal planning, grocery planning, car pooling, and daily household planning are good beginning steps to begin your financial wellness journey. Also, playing catch up is never a good idea. If it’s food items, cleaning products, hygiene products, or even gas, not letting it run too low or get empty is key to keeping your nose above water. Money Jar Saving Method for easy saving

I know this is extremely difficult. Milk is even out of budget. Think about meals that can last for two days or have leftovers that you can cook. Make a plan to only go to the store once a week or every two weeks depending on your budget and family needs. That will save on gas. In return, the less trips to the store, the less you spend. Google events and activities in your area to go to for free. You and your family can still have fun and enjoy life.

I know this is a difficult time. But just as with anything else, this is only temporary. Making the choice to tackle it and be proactive instead of reactive will help ease stress and pressure. Start with tracking your daily activities, what’s coming in and going out, and then create a plan. “If you fail to plan then you plan to fail.” #healthiswealth #financialwellness

Have a great day everyone!!!!!

RosalynLynn

Be you so you can be free.

#7 TIPS OF FINANCIAL ADVICE TO MY YOUNGER SELF

When we’re younger we have no idea about money, finances, budgeting, and credit. The one thing we may hear is to avoid credit cards, don’t borrow money, or save. Some may have never learned the importance of having a relationship with money and finances. Here is some financial advice to my younger self.

  1. You need to develop a relationship with money. Not just going to work, making a paycheck, and paying your bills and debt. But know how to budget, track, and invest money. Handle Your Business…Get Your Finances Together Educate yourself on different kinds of accounts and investments. Know what you want to earn and learn about money. Have a goal in mind.
  2. money or financial mistakes are easy to make but hard to recover from. When we make a unplanned purchase, moving, or purchasing a new vehicle it seems like its the right thing to do at the time. Especially if it was something that was done on a whim. However, when you find yourself in a financial bind, most often you have to look 6 months to a year prior on what you had done. Our set backs doesn’t happen right when we make the purchase but it catches up with us.
  3. Piggy backing off of advice tip #2, plan out your large purchases or life changing obstacles if you can. Prepare for expenses after a move or purchasing a new vehicle. It’s difficult to prepare for the unknown when we make such life changing decisions. But, with preparations, budgeting, planning, and saving it can be done economically.
  4. Track your spending habits. Know what you are bringing in at all times. Also know what’s coming out at all times. Be mindful of budgets in all areas of your life. Be able to answer not only bill expenses, but grocery, personal items, entertainment, and any other expense that you have. Depending on your lifestyle and income you can track how often needed to, to keep up. Not to mention we have many tools available to us now to keep up with our finances.
  5. Live below your means. Just because you have it doesn’t mean that you should spend it. Don’t Live so tightly that you aren’t able to handle an emergency.
  6. If managed right, credit cards can be a good thing. Learn how to use a credit card to establish credit and payment history.
  7. Live your own lifestyle. Don’t try to keep up with everyone else and what they are doing or buying. Notes I Would Give To My Younger Self

These were just a few financial tips I would tell my younger self. Actually, this is the same tips I gave to my nieces who are entering adulthood. Your financial goals and relationship with money is something that is personal to you. Just like with anything else you are going to make mistakes, just seek the knowledge and advice needed to help you.

RosalynLynn

Be you so you can be free.

Handle Your Business…Get Your Finances Together

The older I get and as I approach a age milestone the importance of handling my business is more important to me than ever before. Now when I say handle my business its making sure the non tangibles are in tact.

It pains me to see so many people focused on what others are doing on social media, what they are wearing, where they are going, and twisting themselves into a pretzel trying to keep up. The more you focus on someone’s filtered life on social media the less time you are spending making sure your ish is together.

The first step in handling your business is managing your finances. Get a calendar book or journal and write stuff down. You need to know what your monthly expenses are, how much is going in and how much is going out. The more organized you are the more successful you can be in managing and saving your money. Money Jar Saving Method for easy saving

What are the due dates on your bills? Are your bills spaced out enough through the month according to your paydays? Did you know you can request a different due date on certain bills? Changing your due date on certain bills will allow you to effectively manage your income and stay in control.

Another way to handle your business is to stop overspending. Before you buy something ask yourself if its a want or need. Take a look in your closet and around your house and you’ll see how much money is sitting there wasted. I bet there are clothes and shoes that you’ve purchase but haven’t worn in a while or still have the tags on them. When you look around the house do you see stuff just sitting there collecting dust?

Along with overspending, save yourself time and money by paying things off. Instead of paying the minimum pay a little extra. If you’re minimum payment is $27, go ahead and give a solid $30. You are saving money and paying interest down and that bill will be paid off quicker. You can also save money by paying in full. So often we choose to pay in installments, however if you look at your statements on many of your bills there are installment fees.

I know some of this may be easier said than done. But start somewhere and start small. One of the main reasons we become overwhelmed, depressed, and lose ourselves often times begin with a financial situation and things just spiral after that.

You don’t have to be rich to live a rich life.

RosalynLynn

Be you so you can be free.