All in Budgeting
Using simple spreadsheets, making cutbacks and saving towards specific targets or trying to reduce debts are all effective ways to manage your money. They keep our bank accounts in the black, help us to make more interest and reduce debt payments. Money management should be part of our everyday life.
But, what about when everything goes wrong, like now?
Why do we run away from the things we say we want?
Why do we say we want to save more money and then spend all our money on something trivial?
We say want to get out of debt but every time we're given the opportunity to do just that we freak out and run away.
At a conscious level we may have a goal to create financial freedom by paying back debt, saving and investing, but at a subconscious level our mind may see our financial goal as unsafe and scary.
When it comes to paying myself first. Do I do it even when I don't get enough money to cover my expenses?
A few months ago, I woke up with the thought that self deprivation is a form of self-torture and it’s often linked to money.
Self-deprivation can be the way we deprive ourselves of sleep, healthy food, deprive our body of exercise, deprive our mind of peace, deprive ourselves of financial wellbeing etc.
Giving to ourselves and nurturing ourselves can be the hardest thing because at the base of it is the desire to self-sabotage.
Nine practical and emotional strategies to save and manage money during the festive season, so you can start investing and making money work for you.
I've spent lots of time being present with my emotions regarding my emergency savings and am committing to rebuilding my savings portfolio before I leave for Sri Lanka.
