In the run up to 2016, I have realised that I need a budget. Also my dad gave me this article from a Canadian Newspaper the National Post about Personal Finance. I have always believed ‘oh I’m not good with money’. Somehow this universal ‘truth’ means that I sheepishly don’t look at my bank account balance or credit card bill until I absolutely have too. I’m tired of feeling money shame. Like I’m not a ‘grown up’ or that ‘I’m always behind’. Like I mentioned in the goal setting post, I like systems. I’m good at systems. Why can’t I apply the same approach?! Again, I thought you might be interested in what I’m doing to get myself organised and saving for 2016. Some of these thing may seem obvious – but I figure I can’t be the only one who needs help in the financial literacy area.
2016 – I am good with money, have savings and am financially literate.
1. I let go of my personal money shame. I am open and honest with people who love me and ask for support from those who I perceive as ‘good with money’. I have a few gurus in my midst who already have offered their support and personalised spreadsheets. I need their sage advice and I need to listen.
2. I buy myself a fancy coffee (we are talking soya latte here) if I’m in a meeting or it’s the weekend.
3. I cook myself a meal three times a week. I love cooking. I often say it’s the way I measure how well I’m taking care of myself. Whether it’s two dinners and a Sunday brunch – it all adds up. And sometimes it is actually cheaper to eat prepared stuff then what you make…but I always feel more nourished by my own cooking.
4. I save money for travel before I spend it. I have definitely ‘found’ ways and means to make big trips happen in the past and I’m over the worry and creative approach it takes to afford it off the cuff. I travel to teach/perform/work etc., but not for leisure until May 2016). May is my 30th Birthday and I would love to do a bit of travelling but that means I have to have everything saved up.
5. I track everything. Like everything. Without judgement, without shame. I just input all my receipts into my google spreadsheet and keep an eye on my available savings. I need to make this a habit and that will take several months and some discipline.
What do you do? How do you save and stay on top of your finances? I would love to know. I often think we don’t share enough best practices in this area. It’s like mental health – we are all hush hush. Would anyone like to have a monthly meet up to review how we’re doing? I’d actually love that. Happy New Year and happy savings!