Money is power and women are taught to be nice, not powerful. Really. Think about that. From the time we're little girls we're taught to think about others and to override our own feelings for the sake of someone else's. Boys are taught to win and compete and they feel very comfortable with that. Personally, I believe we women can be powerful AND nice.
In order to get your Money House in Order first identify one or two mistakes you've been making with money. Here are a few to pick from. Try to be objective and don't blame yourself. The powerful stance is to take responsibility, learn from our mistakes and make new decisions to take new action this coming year.
Mistakes Women Make with Money:
1) Spend Unconsciously: Piddle money away on things like Starbucks, another pair of shoes, fast food.
Money House in Order Power Tip: Get a small notebook or on a SmartPhone use the Note function and track every single expenditure over the next 30 days. Eye-opening.
2) Take Care of Others Before Take Care of Self Financially: How many times have you (to be nice) given money to your adult children, boyfriends, partners, parents, people in need rather than save more of it for your future?
Money House in Order Power Tip: Consider that most women don't have enough money to live comfortably in retirement, especially single women. Give, but give consciously and sometimes giving to adult children is financial enabling and hurts rather than truly helps.
3) Overspend or Overshop to Cope with Anxiety, Stress or Just Because: Women waste so much money on things they don't need. "A need is replacing something that's worn out. A want is everything else." ( Peggy Gardiner, Professional Organizer) It's fun to shop. I get it. But, stay conscious of the immediate pleasure vs. how your money needs to work for you over the long term.
Money House in Order Power Tip: If you tend to shop when feeling anxious or stressed take a PAUSE to think rather than shop out of habit. During this pause take 10 breaths. Ask yourself - what do I really need? Time, relaxation, listening to, fun, pleasure? What are other ways I can satisfiy this? How much can I really afford to spend? What's the most powerful thing I can do with this money?
Here's to you getting your money house in order and as a result feeling and being more powerful with your financial choices. Remember, you can be nice and powerful.
Big Girl ACTION:
1) For fun, take the Money Type Quiz to find out whether you’re a Warrior Money Type – focused and disciplined or possibly a Fool – happy-go-lucky, not necessarily good at paying the bills. Lynn offers a FREE 15 minute results phone consult.