Throughout my life I’ve befriended many older women who've provided guidance in their area of life expertise. Leisa is my money and spirituality expert (I have money advisors and spiritual advisors. She’s the only one that blends the two). Leisa’s also a money coach, and offers a fresh perspective that may help those of you who find saving money to be a struggle.
1) Shift Your Mindset About Self. Instead of saying, “I’m not a saver” or “I don’t save,” ask yourself, “How can I make this happen?” or “How can I become a saver?” Don’t try to answer the question in that moment, just be open to the possibility that there is another way of getting your goals accomplished.
2) Ask yourself what has stopped you from saving in the past? Sometimes there really is no more money, but many times we simply prioritize an expense over saving. Track where your money is going over several months, and you’ll start to see where you’re leaking money that could be saved.
3) Create a Financial Plan. Start by asking yourself what you want your money to look like in 1, 3 and 5 years. This can be simple or comprehensive.
4) Create an action plan based on your financial vision. Most financial decisions are a series of trade-offs. Determine what’s worth keeping, redirect all else to savings.
5) If there truly is not enough money coming in, create a side hustle. Just make sure it fits within your current life needs/requirements.
6) Monitor regularly. Are you doing what you committed to? If you’re off track, determine how you can re-align, or if the goal itself needs to be amended.
Regardless of how smart and confident you are, I strongly encourage you to seek out people who are successful in key life areas and heed their advice on those topics (i.e. don’t ask broke people about money, someone with no kids how to parent, or someone who’s perpetually unemployed how to make your boss like you!). Whenever I find someone who knows more than I, I ask incessant questions. People love to talk about themselves, so I’m rarely turned away. They love sharing their wisdom, and I’ve saved years of heartache and thousands of dollars just because I was willing to ask questions, risk being perceived as not smart (I never was, by the way), and took the time to listen. I hope my time with Leisa will help you as much as it has me.
And so it is.