In Part 1 we looked at how money can be lacking, how the lack can prevent or break relationships, and how we can remain trapped in debt, sometimes with bad financial habits. Now some positive advice from the author whose first profession was a Chartered Accountant!
We attract what we think and say, so if we always complain about lack, that is what we will attract. It is hard, but repeat to yourself “I am worthy and I attract abundance”.
Money is energy. When we exchange it for goods and services, money flows and energy flows. In hard times those who have money, fear it’s loss and stop spending. It is good to save, but also good to spend. Don’t give up the monthly massage, weekly yoga class, or some other local service. Your fear becomes someone’s hardship. When no energy flows, we create a stale environment.
Know what you are spending. Compare that with what you earn, after taxes. See where you waste money. Understand the real cost of extravagant or wasteful living.
It costs 1,638 euros a year to smoke 20 cigarettes a day (at 4.50 euro a pack).
It costs 4,680 euros a year to have three nights out a week spending 30 euros each time.
It costs 2,600 euros a year to spend 50 euros a week on clothes, bags, shoes and accessories.
It costs me over 10 euros per 80 km just in petrol for my car. It is often cheaper to take the bus, when convenient, and reduces stress, lack of parking and pollution.
If you use a credit card, pay it off each month in full, or you will pay crazy interest rates. If you can’t pay in full, pay as much as you can.
Buy fresh food, not processed or fast food. It is far more healthy, and will not cost more, and see how little packaging you throw away. Do you throw away things from the fridge each week?
If you want something and can’t afford it, offer something in exchange. Barter is a great form of business.
Do you have things you don’t use? Sell them, create space and raise money.
Open the “brown” envelope. Do not put your head in the sand when things get tough. Talk to the bank if you can’t pay the mortgage, or other debt. Communication is essential.
Use a financial coach, or seek free debt counselling services, if available.
If you hold back from having a relationship because of your debts, consider how much easier life can be with the partner who knows the truth and wants to be with you. When money is under control, the burden is lifted, you feel lighter, have better health, less stress and you can work more efficiently and enjoy life.