Creating a budget is actually a simple process. Having a solid budget in place helps to ensure on-time payments. When you know what’s due, and what days you have money coming in, it makes it easier to pay your bills on time. Remember, payment history is the largest category of your credit score. That means above all else, payment history will be the largest contributor…
Though love may be for better or worse, your finances don’t have to be. Quite often couples fail to discuss finances and credit management early on. This is quite shocking given that a large percentage of marriages and relationships end as a result of money problems. It’s actually vital to discuss finances early in the relationship to help prevent bumps in the road later on…
Money itself isn’t bad. The way we handle money and the situations that come as a result are what gives us our perception of money. When we do something right, we feel good about money. But, when we do something bad, those negative thoughts are front and center. Growing up my mother always told me, “If you think positive, positive things will fill-up your life. But, if you think negative…….”. I’m sure you get the picture! The trick to this money thing is actually very simple, all you have to do is BE POSITIVE & it will come to you! Learning how to have a more positive mindset about your money is the first step to making changes in your financial life. So let’s get down to it. How To Shift Your Perspective About Money: -Status Quo – What is your money story? What is your money story? How was the concept of money taught to you as a child? Were you prepared to handle your finances as an adult? Have you gone bankrupt or experienced a money shortage? Have you been in debt? Did you grow up in poverty? Did you start a business that failed? What do your finances say about you? -Dig Deep – What is your relationship with money? Describe the relationship you currently have with money…… Describe the relationship you would like to have with money…… How do you talk about money? Do you say negative things like “I’m broke” or “I never have any money? List all the negative things you say about your money situation…… -Purge – Let it all go! Today we vow to get rid of all the negative things we have to say about our money. So, let’s write them down and leave it here FOREVER!…
Let’s be real…. Your budget is your financial lifeline! If you blow the bottom out of your budget, chances are you are out of money. Nobody likes feeling as if they have to hold on to the last $50 in their bank account until they get paid NEXT WEEK. Sticking to your budget is vital to keeping this thing afloat. Many of us are literally one purchase…
Do you remember the story of the frog?…. Put a frog in a pot, full of water and start warming up the water. As the water temperature begins to rise, the frog adjusts its body temperature accordingly. The Frog continues to adjust its body temperature with the increasing temperature of the water. Just when the water is about to reach the boiling point, the frog can’t adjust anymore. Right…
