Women in Business: What are your money excuses? There are reasons why you don't have the money you'd really like to have. One question to ask yourself: Are you treating your money with the respect and care it deserves or like a worn out old shoe stuck in the back of your closet?
Is one of your excuses that you live from pay-check to pay check, hoping, praying you’ll make it to the end of the month, but never quite sure? Anxiety provoking? Yes. On one side of the money coin are those that aren't making enough money and struggle.
But, I hear from women all the time on the other side of the NO Respect coin who make plenty of money, but don’t know where it goes or feel out of control because they're not managing it well.
Here’s something I was really good at: ignoring all responsible things (like balancing my checkbook) related to money. My excuse? It’s too overwhelming to pay attention to my money so I won’t think about it!
Not saving enough. This is the #1 suggestion in Money Magazine’s July 2012 article “101 Ways to Build Wealth” – They recommend that instead of 10% of your pay, start saving 15% ! It boosts your pre-retirement income from 57% to 69% and that’s huge. Retirement comes faster than you can imagine!
“I gotta have it – now!!” Women Spend too much on things like beauty products, shoes & purses that don’t have LASTING VALUE. YES, they’re FUN, but these things don’t add real value to your long-term wealth. (And, how good are those shoes going to taste when you’re 85?)
Of course, girls have to have some fun. LearnVest says “spending on a vacation or a clothing item that revolutionizes your wardrobe are totally worthwhile and prioritize your spending.”
It's My Parents Fault: Yes, our parents spending, saving or earning habits affect how we feel and think about money. Are you frugal to the point it hurts? Or are you an avoider like your mom was? Or a bit of a tyrant with others as your dad could be, especially around bill paying time? Becoming aware of how our parents money habits affects ours, starts the process of unhooking and reclaiming our own responsible relationship with money. Do you ever look in the mirror and wonder: What are the steps to going from broke to respectful with my money?
Are you ready to give up your excuses? Money is not important for the paper or coin it is – it’s important for the choices it gives us. Here’s to your breaking FREE of excuses and moving to financial freedom and freedom is not just about more money – it’s about caring for what we have!!
If you’d like to know more about how to move beyond excuses to freedom, here’s a Free Introduction to my eCourse: Prosperity, Power & Peace: The Women’s Guide to Financial Freedom.
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Certified Money & Business Coach, Professional Speaker & author, Lynn Telford-Sahl, writes thePowerUP Your Money blog for women in sales and small business.
If you’re ready to PowerUP your Money, your Business & your JOY get your FREE Financial Strategy Session with Lynn at www.powerupyourmoney.com or take The Money Quiz to find out your Money Strengths & Challenges.