So you’ve decide you’re getting your money together, improving your credit and getting your finances on track! You are SICK of being “broke, busted and disgusted”! What now?
You pick up extra shifts, work a second job! Try to increase your income and decrease your expenses.
But…..3 months later and you still need money at the end of the month. Let me tell you something… when you get in the boxing ring with Benjamin “the money game” Loot, you’d better know you’re getting in the ring with a knockout King.
Let me give you a few tips for the fight.
1. Tracking finances after you’ve spent them is an amazing way to see how you can spend more wisely. Setting a budget however will help guide you in wise spending because you see where the money NEEDS to go vs just where you WANTED it to go! These must be done in conjunction with one another.
2. You will get frustrated! Oh yes! Money is touchy and can easily reach our emotions. Especially when the budget tells you to rent a red box movie and grab a box of Orville Redenbacher instead of hanging out with the crowd of people that believe they have “money to waste”!
Facing how much debt you have, money conversations with your spouse and trying to figure out how to pay some things off is mentally draining but incredibly rewarding.
3. That being said, make a full commitment that you are going to change where you are financially, fully understanding that you will make mistakes along the way. Be patient with yourself understanding that reaching financial wellness is a process!
4. Celebrate every single win! Take a breather and reflect on each one. Then get started on the next win!
You got this!!
Aquila T Carmon