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Fiscal Self-Care

Self-care can be described as incorporating practices that increase our mental, physical and spiritual wellness. It’s about taking time to reflect on the parts of your life that leave you feeling drained or overwhelmed, and taking action steps to lower your stress and increase your well-being.

Practicing self-care can often take a back seat to the hustle and bustle of our everyday lives. We can forget how important it is to make sure we nurture ourselves so that we can show up as our best selves for those that are counting on us-as the saying goes, “You can’t pour from an empty cup!”

Financial self-care is no different! By taking a few steps you can begin to re-nourish your perspective about your money mindset and increase your overall sense of wellness.

Here are some steps you can take to begin the practice of self-care with your finances:

  • Take some quiet time to reflect on your short-and long-term goals. How are your financial decisions supporting these goals? How can you change your approach to making financial decisions to facilitate these goals?
  • Try using new self-talk about your approach to money: stifle that inner critic!
  • Instead of saying, “I’m am bad with money,” try saying, “I am learning more about how to manage my money.”
  • Rather than “I can’t afford it,” try saying,” This is not in my current spending plan.”
  • Replace, “I’ll never be able to (go on vacation, get out of debt, purchase a home) with, “I am learning to make financial decisions the will help me reach my financial goals.”
  • Make a Money Journal: this can help serve as a
    place to dream and reflect on the positive steps you are taking in increasing your financial wellness!

    • Use one section for your goals and dreams. Use pictures that will give you a visual reminder of what you want your money to do for you!
    • Label another section for tracking your financial decisions. Pay close attention to how you were feeling when you made those decisions! Were you spending extra to make up for some negative emotion that you were experiencing? What did you purchase? How much did this cost you fiscally and emotionally?
    • Make a section for giving yourself a “Atta Girl” moments: have you decided not to spend and actually put that money into a savings account? Make sure you give yourself recognition for taking a step towards your savings goals. Give yourself some gold stars!
  • Reward Yourself! We have all been conditioned to be rewarded for doing something well. I am a strong believer in rewards! Find ways of rewarding yourself without sabotaging your budget or your goals! Make a list of affordable rewards so that you (and your family) can feel rewarded without derailing the positive steps you have been taking with your money.

Self-care is vital to a holistic approach to our lives! Financial self-care will enhance all areas of your life-mind, body and spirit! By incorporating these tips, you will feel an increased sense of optimism about your future, and a new-found confidence in your financial wellbeing!