Lots and lots of people have asked me about money and how I manage it. I’ve never liked money because I could not possess it completely. I can however manage it. My relationship with money started very early in life when I left home. I knew I could not move back home or borrow money once I left, which created a drive to make sure I always had money. When you realize you only have yourself to count on you begin to look at money differently, good or bad. So what exactly is Money and what is it good for?
Every. Damn. Thing.
Life sucks without it, P E R I O D!
To say anything less is pure self delusion; there are also reasons we grow up and create these little stories about money. Everyone does it at one point or another, so do not think you are special or struggle alone.
Money. What is it good for?
Even after 45 years it is still a driving force; the force needed to shift from a frantic survival state to harmony.
Money can be a prison. Money can buy you a key, clothes, cars, houses and even “friends”. You can gain clarity and chaos from money. The best thing you can do with it however is find a way to live within it since after all it makes the world go around. It’s hard to live with money when it seems like there is never enough to go around? Or money is hard to hold on to or whatever your money story may be.
How do you live with money when you resent it?
I mean honestly, do you even remember getting side ways with money? Have you broken up completely? Why do so many others have a great relationship with it? That discussion is for another time. For now, focus on the follow three things (and don’t forget to signup below to get email updates about our Improve Your Relationship with Money series):
- Create a budget.
- Live within it.
- Splurge as you determine appropriate.
Creating a budget:
Determine your money. The operative word here is: Money. What is it good for? Nothing, if it’s not yours. Figure out exactly what is yours and write that number down. If you get paid weekly or monthly, write that total down.
Next, live within your means:
Define your basic needs: food, housing and utilities. These three things are essential. What is left is disposable, which means you have a more liberties with this money. The next thing I added to my budget was transportation. That includes car, bus, Uber, motorcycle classes (yes, I do have a motorcycle license) and/or gas.
Splurge as You Determine Appropriate:
Once you have determined where you are in regard to income flow and how you will take care of yourself/get around, you can then make decisions on how you will spend any money left over. Anything more then this is over complicated. Keep in mind this area is a gamble. If you make poor decisions with this money now it will effect your future negatively. Like free speech does not mean you are free from repercussion. Do refrain from acquiring “things”, this will help your money matter. Telling your money where to go will give you control.
Simply put, you are going to have to have many conversations with yourself. More times then not you are going to make mistakes; stay on the path. Get the facts. This will raise your consciousness. The way you manage your budget, or live within your means, will explain a lot of your feelings toward yourself and others where money is concerned. A well done beudget can create a great self image and respect from yourself and others.
Finally, commit to your money goals completely. If that means substituting to save money, make that happen! Get help where you need it and reward yourself. Money will take care of you if you take care of it. These small steps can help you maintain a relationship with money and learn all money good for! For example, ask yourself when you wake up, “How can I get the support I need today to make great financial decisions?” Watch for the answers. Gratitude is a powerful energy.
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If you’re ready to improve your relationship with money right now, join the 45 Day Challenge below and whip your finances into shape.