Money, money, money. Oohhh, this one is going to be a great episode.
How many people here have a complicated relationship with money?
I have to say, until recently, I did too.
We need money to live and to survive and to do things and to eat. Right? And we also have behaviors around money. We can use money to make us feel better (by buying treats). We can hold it tightly and we can also spread it around like it's confetti.
Money is important. And how we handle money is even more important. We have relationships with money.
Now I love a good chat about ways to manifest more money, but today I want to get into how to manage money in your life especially around love. In today's post I have five ways you can become crystal clear about how you operate around money.
KNOW YOUR MONEY SITUATION
So first let's get clear about money in general. In my life I've tended to be a head in the sand kind of person about money. And, obviously that has gotten me into some trouble. But, knowledge is power and when you know how much money you have, how much you are in debt and how much you make, then you can be more aware of your financial situation. I know this sounds silly to hear and to say out loud, but everyday, know roughly what your finances look like. Check your bank account daily or every other day. Know what your credit card situation looks like. Be clear on it.
Ok, so at this point if your heart is racing, like mine would be, take a deep breath. Remember, knowledge is power. So, if you are currently looking for love, now is a perfect time to get really clear on your financial wellbeing. And, if you are in a relationship, it is fabulous to sit down with your partner and talk about money frequently. Recently, my husband and I made the decision that we would be crystal clear with each other about what we purchased. We also try to sit down and talk about our finances weekly.
Something great thing is to know your net-worth. If you combined all of your values into your net worth, what would that be. It could be a small amount of money or a large sum, but either way be clear on what your financial net is.
And then get clear on what your debt situation is. Do you have any? How long will it take you to pay it off? Just be clear on where you are financially. I often would be blind about credit card and not want to face how much had become racked up on them. But that is just not being aware.
KNOW YOUR BEHAVIORS AROUND MONEY
I'm a spender. Well, I used to be a spender. Actually, I'm still a spender. I love to spend money. On good food, and clothes and shoes and jewelry and all the things. I love the little high of buying something pretty and then wearing it. I love stay at nice places and go to fancy restaurants. I am a spender. My husband is also a spender, and this can get us into trouble sometimes.
Other people are aware with money. They hold it close, are really good at shopping sales and know to the dollar what is in their accounts.
Some people can be clench-y with money.
It's great to know what your behaviors are around how you spend. And, it's great to know if you spend money on an emotional level too. Anyone ever gone shopping and bought a bunch of stuff when they were feeling down? I have for sure.
Ask yourself these questions: Do I spend more than I earn? Do I spend exactly what I earn? Do I spend less than what I earn?
Then if you are in a relationship, ask your partner the same exact things. If you are starting to date someone get clear on how they behave around money. Whenever you can and it feels appropriate, be open about money, how much you make and how much you spend (plus how much you save and etc.)
GET CLEAR ON YOUR MONEY MINDSET
What's your mindset on money? Is there never enough? Always enough? Abundance flowing freely with money? Usually our mindset about money is generationally passed down to us. Meaning what our parents believed about money, we usually do too. Unless circumstances change, and our money situation is different than our parents.
The more open you are to money, the more it can come to you in different ways. What you say to yourself and out loud sets your energy around money. So, get clear on that.
I don't know about you but I have big financial goals. Without setting them, I'd have no idea how much money I would need to make in order to reach those financial goals.
So, whether you are single or in a relationship, set your financial goals. Maybe it's to invest in property, or to be debt free, or to be able to travel well. Whatever it is, get clear on how much you want to have to live the life you want to live.
BE A STUDENT
I absolutely love to be a student when it comes to money. Our relationships with money are not stagnant. They ebb and flow just like any other relationship. So, when you can, become a student to your relationship around money.
Some of my favorite books about money lately are "Beautiful Money" by Leanne Jacobs, "Money a Love Story" by Kate Northrup and "You Are a Baddass at Making Money" by Jen Sincero. All three are different and fabulous.
Until next time, be well and do fabulous things!