Are you feeling energetically drained lately or not sleeping the best and feeling constantly tired or depleted?
Your mind may initially drift towards thoughts that you're coming down with something or you've been pushing yourself too hard as the cause, but have you considered that it may have to do with your finances?
You may not normally connect energy and well-being to finances but there is a link. And it has nothing to do with your self-worth or even how much you earn. It's about the way you are managing your finances (or not managing them) and spending according to what you have right now.
Many of us learn how to manage our money from our parents or from following what others do. And sometimes this can lead to money habits that affect us negatively.
Habits like spending all of your pay so when an unexpected bill shows up you’re left in debt or in a tight spot. These surprises can be stressful and draining and can impact your health. But what about the hidden drains that siphon your money away without you even realising it?
· Memberships and subscriptions that you don’t use.
· Clothes you buy and don’t wear.
· Groceries you buy and don’t eat.
· Bills that you pay late and end up with additional fees.
The great news is that all of these energy drainers, even the unexpected bills, can be avoided with a little more consciousness and awareness around your finances, and better financial management skills that we can all learn.
It starts with deciding to take responsibility for your finances and getting very clear where all of your money is going.
It can be a little confronting at first when you begin to see where a lot of your money (and how much money) has disappeared. And you may be tempted to push this responsibility aside because feelings of guilt or even failure may come up, but persevere. The rewards of being more financially aware and responsible will not only make you feel good and like you are more in control of your life, they will also begin to give you the means to create your best life.
Imagine being able to put the extra money that you’ve rediscovered towards owning your own home or paying off the mortgage, or towards a trip to Paris that you’ve been dreaming about for forever, or towards property investments that will set you and your family up in the future, or never having to worry about surprise bills again. It would be great, right?
So where to begin?
· Start to think about a budget and what you need to do to stick to it.
· Rethink how you approach money and ask yourself what can you do differently.
· Look at where you're spending your money and decide if that type of spending is truly adding to your life.
· Take stock of and let go of memberships and subscriptions you no longer want or use.
· Sleep on any new clothes purchases or take an inventory of your closet.
· Create a meal plan to reduce the number of groceries you throw out.
· Schedule in your recurring bills to avoid late payment fees.
· Open a savings account and set up automatic payments straight from your pay.
By taking these actions you’re essentially shifting or decluttering your money habits. You're removing things and practices from your life that you no longer need, a very natural part of the journey to becoming your best self.
The more you declutter the better you will feel. Think to a time when you finally cleaned out that spare room or donated those bags of clothes. You instantly feel lighter, right? And you also made space for new things to come into your life.
The same can be said with decluttering your financial practices. You’re making way for more money to come into your life, time to come into your life, and well-being to come into your life. It can take many different forms.
And the best part of all of this is that you can create this change in your life by making a few adjustments right now.