12 October 2022
Hey Luv, Happy Wednesday,
As promised let’s continue with last weeks topic of barriers to self-care that can affect your money:
Failure to understand your needs
Knowing and responding to our needs is essential for living a fulfilled life.
Our basic needs are inextricably linked to our financial situation. For example, we require a house to provide shelter.
So, how do we determine our requirements?
Make a list of activities that meet your physical and emotional needs, such as exercising and socializing with friends and family.
Make a note of any expenses associated with your needs for budgeting purposes.
Prioritizing the needs of other people over your own
It’s natural as a caregiver or parent to prioritize the needs of others over your own. However, it can have a negative impact on your health and finances.
While prioritizing the needs of dependents is unavoidable, it is also critical to make time for yourself in order to meet your own financial goals. This could be as simple as buying that top you’ve been eyeing for ages or saving up for a well-deserved vacation. The most important thing is that you take the time to address your own financial needs.
Too many responsibilities all at once
Examine your schedule to identify self-care and financial barriers that are costing you more than you can afford. There are only so many hours in the day and so many dollars in the bank, so don’t put too much pressure on yourself to do everything.
It could be regular dinners with friends or family, or it could be a long-forgotten monthly subscription that keeps arriving in your mailbox.
Remember that saying no is perfectly acceptable.
Overspending through lack of forethought
You might be surprised to learn that in everyday life, people overpay for things. This has a significant impact on both your financial and mental well-being.
Clothes, vacations, cars, food, and subscription services are all likely overpriced for you.
It’s a good idea to keep track of what you’re buying and how much you’re spending so you can put measures in place to save money.
Were these tips useful?
Click here and let’s discuss how to make wise self-care decisions!
Yours in Business,