Being mindful and having a good mindset play a big part in your everyday life. If you feel like things are going to go wrong or if you aren’t paying attention to what you are doing, things probably won’t work out the way you want.
You probably hear a lot about if you want to start your day off on the right foot to wake up and tell yourself some positive affirmations and get your mindset in the right place. I love doing this and it does make a huge difference in my day. When I think positively and focus on the good, I find my days go a lot better.
I also do this with money.
I want to have good feelings around money and be proud of the money I earn in my business so I tell myself those things. I let myself feel great about my situation even if it isn’t perfect (does anyone have a perfect money situation all the time?)
I also make sure to be mindful when it comes to my money. I make sure to LOOK at my numbers on a very regular basis and I strongly encourage you to do the same.
When looking at your numbers whether personal or business, it is important to know what you are looking at. It honestly helps to really set some time aside to see where your money is going and what expenses you have.
Take time to be aware of what is happening and to make sure you have included all expenses both fixed and variable.
This will not only help you to know what is happening with your money on a regular basis but it will also help you be more mindful when it comes to your spending.
If you have no idea what is happening with your money you may think you have money to use for new software for your business because it’s “only” $100 but in reality you may only have an extra $50 this month which means you have just added to your debt load by $50 just because you weren’t aware of what was happening.
Knowing what is going on is KEY to making conscious decisions about your money and will help your business grow over time.
The other thing that is VERY important when it comes to managing your finances is being realistic. You want to use your REAL numbers instead of idealized ones.
A lot of my clients tell me they think they are making “x” amount of dollars a month when in reality when we sit down and look at the real numbers, they are way off.
When you sit down to look at your numbers regularly, I really encourage you to look at the REAL numbers and use those. Write them down, then you know exactly what you are dealing with and you can plan accordingly.
Creating a budget and using it successfully is incredibly hard when you are using idealized numbers. A budget it put in place to help you manage your money and make sure you have enough money coming in to cover your expenses. If you are using the wrong numbers in your budget, you will never truly understand where your money is going or what you can afford to put back into your business and PAY yourself. On top of that…you are at risk for creating more and more debt for yourself if you are living outside your means.
When you are clear on what your numbers are, you can be realistic about what debt repayment will look like. You will know how much money you have to help pay down any debt you may have as well as be able to manage your numbers accordingly so that once any debt is payed off you don’t start accumulating more.
I am going to give you a little challenge – I want you to put into your calendar on a monthly repeat when you will sit down and look at your REAL numbers so that you can be mindful and realistic about your finances.
Leave a comment below and tell me what day and time you will do it! Having it scheduled in your calendar will make sure that you commit to focusing on your finances this year so that you can build the best possible business and life for yourself!
