I’m just going to say it, talking about money isn’t fun. I keep wondering who’s going to get excited about reading my blog post about self-care and money? It’s not usually what people think about when they think about self-care. Self-care is about relaxing, and doing fun things that make you feel good. Not working on your budget for the month. Budgeting is usually a task that some people try to avoid because money can be really stressful, and that’s why I think it’s important to develop some form of self-care around our finances. This month’s focus might not be for everyone because I know there are some people who are on top of their finances, these post are meant for those of us who cringe when it’s time to check their bank account after over spending on the weekends. I may have mentioned this last week but my goal is to provide you with self-care resources that will help you feel a bit more at ease when it’s time for you to deal with money. This week’s self-care ideas are not typical, it may feel like a chore but focus on the benefits that each of these self-care ideas will provide when dealing with your money.
START BUDGETING I feel like most of us already have a budget plan but if you don’t, create one and stick to it. Even if you already budget, are you sticking to your budget? Creating a budget for your finances not only alleviates some stress it also acts as a roadmap to help you see where your funds are going each month. In terms of frequency, that’s strictly up to you. I have a friend who does a yearly budget but the most common way to budget is on a monthly basis. If you’re new to budgeting here’s a site that you can use to help you get started.
PAY YOURSELF FIRST because you work hard for your money. Also, knowing that you’re saving a little something each month puts you at ease. It also means you’re better equipped to deal with emergencies when they occur. Even if you can only afford to save a little at a time, that little bit adds up. Last week I posted some financial challenges; check out the post HERE, there are probably a few savings ideas that you can choose from.
KEEP TRACK OF YOUR SPENDING budgeting can help you with this but you can also keep up with your receipts, consistently check your account, or limit the amount you choose to spend (e.g. when you go out, when you’re doing personal shopping, etc). Utilizing this option will also help with over spending because you won’t be assuming you have x amount available in your account, you will actually know what you have available.
PAY YOUR BILLS ON TIME this goes without saying but I’m sure there is someone out there who needs to hear this. Paying your bills on time positively impacts your credit score. I know there are some financial barriers that may affect some people paying there bills on time (e.g. not making enough money or getting your pay check after the bill’s due date). Some of these barriers can be eliminated if you’re mindful of how you spend.
LIVING PAY CHECK TO PAY CHECK we have to stop this. Not living pay check to pay check will help immensely with paying your bills on time. For example, after paying yourself first, paying your bills, and sticking to your budget. The money you have left over will be added to your next paycheck. If you adopt this lifestyle, you will no longer have to worry about not having the $160 you need to pay the bill that’s due on the 12th but your paycheck won’t hit your account until the 15th.
PREPARE/PLAN FOR RETIREMENT it’s never too early to start. Based on your age you might think you have all the time in the world or if you’re getting older you might be stressing about it a bit. The reason it’s so important for us to have a retirement plan is we will not be able to work the way that we are working now as we start to age. You really want to make sure that you can live the way you’re living now (or better) after retirement. If you haven’t already started working on your retirement, I suggest starting yesterday.
A PART TIME JOB unless you’re naturally a hustler then you probably don’t want to hear this but getting a part time job might be really helpful especially if you’re having a hard time making ends meet. You can also get a part time job if you want a little pocket change for the weekends, if you want to add more to your savings, or if you want to put it all towards your retirement. You can also use that extra money to put towards a bill so you can pay it off faster.
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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