We all need that time off, that long walk, that bubble bath and massage. As we practice both mental and physical self-care, in a world where we’re constantly bombarded by money decisions it’s important to practice some financial self-care.
A little bit of thoughtfulness around your money life, so that you’re in control, and set up for the future. Here are some simple ways you can begin to practice financial self-care.
1. Embrace your bank account
OK, yes, it's easy to ignore your bank account and credit card statements, and can seem stressful to review your finances. But is it more stressful than not checking your balances and letting anxiety take over? Embrace the bank account
2. Notice your spending habits
Look for trends in your spending, notice habits forming that you didn’t even notice and that don’t align with your core values. When do you tend to spend? What do you tend to spend on?
3. Notice your emotions
What gives you joy? And what makes you feel guilty or shame? Just noticing how your emotions change around money decisions can be a powerful way to grow in your self-awareness.
4. Subscribe with intention
Don't set it up and forget it. Find and cancel recurring charges for things you aren’t using, don't forget to cancel any free trials too!
5. Return with confidence
It's ok to buy, but if you don't like it, return and get your refund with confidence. Don't procrastinate, get it done!
6. Set your goals and money intentions
Take a moment to visualize and set some money and career goals. Write them down and prioritize them, when do you want to reach them?
Maybe even remind yourself, why those goals are important to you? Get specific!
7. Make an extra debt payment
Think of it like, doing your home work way in advance, one extra move will make you feel better.
There are different strategies to pay off debt, paying more than the minimum payment due (when you can) will bring you that much closer to freedom.
8. Bump up retirement too!
While we're at it, see if you can bump up your 401k or retirement contribution by an extra 1%-2%.
Feel grateful for all you have, and take a moment to donate to a cause you care about.
10. Get a money coach
It can be hard to go alone, sometimes you need someone who's there to help, guide and support you on your journey.
Follow the link below to learn more about how you can transform your financial life, and reach your goals faster.