3 Ways to Redefine Your Relationship with Money
We get it, Money Bitches – money is one of the most sensitive and personal topics there is. We all have different relationships with it, based on our own individual experiences. Some people see money as a source of security and comfort, while others view it as a necessary evil. Still others may see it as something to be avoided at all costs.
But no matter how we feel about money, we all have to deal with it on a daily basis. And if we want to achieve our goals in life, we NEED to find a healthy relationship with it.
Here are three ways to redefine your relationship with money:
Quit thinking you always need more and focus instead on what you want the most.
When it comes to our relationship with money, we often focus on what we don’t have instead of what we want. This creates a cycle of constantly wanting more and never being satisfied.
One way to break the cycle of constantly wanting more is to start defining what you want in life. When we don’t have a clear goal, it’s easy to get caught up in the cycle of wanting more money, more things, and more status.
But when you know what you want, you can start focusing on ways to achieve those goals. If you want to change your relationship with money, you need to focus on what you want the most. What are your biggest goals and dreams? What would you do if you had unlimited money? Once you know what you want, start focusing on ways to achieve those goals. It may take time and effort, but remembering what you want the most will help keep you motivated.
You can also try setting limits for yourself – for example, only buying one new outfit per month or limiting your spending to a certain amount each week. This can help keep your spending in check and stop you from always wanting more.
Ditch the budget and create a spend plan instead.
It’s hard to stick to a budget, especially if you’re constantly feeling like you don’t have enough money. This creates a scarcity mindset and causes anxiety. Budgets often feel restrictive and make us feel guilty for spending money on things we enjoy. A spend plan is a much more realistic way to manage your finances.
In order to create a spend plan, you need to track your expenses for at least a month. This will give you a good idea of how much money you’re spending each month on different categories. You can use a spreadsheet or a budgeting app to track your expenses.
Once you have a good idea of your spending habits, allocate a dollar amount for each category. This may be difficult at first, but will become second nature over time.
Understand that you should be investing – even if you’re aren’t wealthy (ESPECIALLY if you aren’t wealthy!)
Investing may seem like something only wealthy people can do, but that’s not true. Even if you’re not making a lot of money, you can still invest your money in a way that will help you grow your wealth.
There are many different types of investments, so it’s important to do your research before investing. Some popular investment options include stocks, bonds, and real estate. Talk to a financial professional to learn more about these and other investment options.
No matter what type of investor you are, there is an investment option that is right for you. If you’re not sure where to start, consult with a financial professional to help get you started. They can help you find the best investment options for your needs and give you advice on how to grow your wealth.
Remember, the sooner you start investing, the more time your money will have to grow!