Happy November! I’m sure it came as a surprise to everyone that there was no blog post last week, it was a surprise for me too because taking the time off wasn’t planned. I actually took the entire week off from posting on my social media platform as well, there was no rhyme or reason behind the break it just occurred which was ironic because I knew exactly what I wanted to post about for my last space self-care post (and you know that never happens). But it’s a new week and a new month so therefore it’s time for a new monthly self-care focus. For the month of November, the self-care focus will be on Financial Self-Care. I’m not a financial expert so this month’s self-care focus will be an interesting journey but I’m hoping that each of you (including myself) will learn something from anything that I share this month.
I feel comfortable saying that finances can be challenging for a lot of people, sometimes money goes as fast as it comes in and none of us are strangers to unexpected financial emergencies. I also know that there are some people who don’t understand money and this can cause a great deal of stress. With that said, it’s imperative that we learn to bridge some form of self-care around money and finances. This week I’m providing seven money challenges that we can use for financial self-care. But first what is financial self-care? I want to define it as any process that we use to help alleviate any form of stress we may create around money, savings, 401K, health and life insurance, etc.
SAVE EVERY $5 YOU RECEIVE this can be an ongoing challenge i.e. never let it end, or you can challenge yourself to do this for 6months to a year. If you have any financial woes around unexpected emergencies, unexpected bills that’s not factored into your budget, etc. the money saved from this challenge can be used to cover the cost.
CASH ONLY CHALLENGE this one is pretty self-explanatory. For the next 30 days (or a timeframe that works best for you) pay using only cash, excluding bills (unless you already pay your bills with cash). The purpose of this challenge is to help you keep better track of how much money you’re spending. Sometimes we swipe so much that we may lose track or we paid for something that doesn’t show up on our statement for weeks and you’re left with an unexpected surprise. “Cash only” eliminates this uncertainty and you may be surprised at how much money remains in your account when you adopt this lifestyle.
365-DAY NICKEL I found this one online so I hope the math is correct. You can start his challenge anytime through the year just be sure you do it for 365 days. The goal is to put aside 1 nickel on day one, 2 nickels on day 2, three nickels on day 3, so on and so forth for one year. By the end of the year you should have about $3,300.
RE-VAMP YOUR BUDGET I think it’s important for us to review our budget every 6months to a year because sometimes our financial obligations changes, changes occasionally occurs with our bills (increase/decrease), new purchases (home, car, etc), sometimes this review will reveal that we have a little left over that we can add to our savings.
FINANCIAL LITERACY find a free class, purchase a book, or find out if any of your friends can provide any information on how to gain more financial literacy. Carving out some time to learn more about, or to better understand finances can help change your mindset around money.
CREATE A FUN ACCOUNT this will ensure that you’re not interfering with the money you use to pay your bills and your savings. The challenge with fun money account is, once it’s done it done, and you have to create that discipline. If you start to transfer money from other accounts (or people) to feed your addiction (going out, eating out, shopping, etc) then you need to re-evaluate your spending and your financial discipline.
JOIN A FINANCIAL GROUP I wasn’t sure how to word this challenge but essentially I am encouraging you to join a group or follow someone on social media that focuses on money, savings, finances, etc. The goal here is to learn tips and tricks to help you on your financial journey. A lot of people who specialize in this area usually provides ideas that we’ve never considered before to help save or pay off a bill.
Self-Care on the go are essentially bite size versions of my self-care challenges. It’s open to anyone but it’s specifically created for moms and other working women; who may not have time to participate in all (or any) of the challenges that I provide weekly because of their mommy duties or busy work schedule. You can access the infographic HERE. I’ve been posting them every Sunday since the beginning of the year and I really enjoy creating them. If you’re one of my readers who participate in, or enjoy these options because you find them convenient, leave a comment and let me know what you like about them or what you think I should change. Thanks for going on this self-care journey again with me this week.
By the way, if you’re interested, my Newsletter and Self-Care Accountability Worksheet is now available. The worksheet will act as a supplement to my daily self-care challenges. The purpose is to help you stay on track with your daily self-care routines. If you’re interested in receiving these items weekly, email me at firstname.lastname@example.org. The self-care worksheet is FREE, but will only be available to my Newsletter subscribers. I will NOT spam you, I will only email once per week.
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