Money loves attention. When you attend to it regularly, it grows.
When was the last time you spent some time with your money? Not the 15 seconds it takes to go from your wallet to the store cash register but really spent some quality time to get to know it and give it attention.
Plan a Regular Money Meeting
A great way to begin to change how you feel about and handle your money is to make a commitment to spend some time with it regularly.
Practice looking at your money when there isn’t a crisis. By making money meetings a habit, even when things are going fine you will continue when things for awry. If you only deal with your money when you are in crisis you will tend to avoid the meetings. Just looking at the numbers, transferring funds and having a conversation about your money life can lower fears about money and increase confidence.
Instead of trying to handle finances daily, choose a specific day and time to sit down and handle all of your finances for a one or two week period. Plan to hold your money meeting on a regular basis. It could be weekly – Money Mondays, Financial Fridays, or perhaps a bi-weekly Pay Day Planning Party! If you are making money decisions with someone else, include them in the meeting.
- Schedule a regular Money Meeting with yourself (and your spouse) to look at and attend to your personal finances. If you have regular pay days from a job or your business, plan to meet within two days of pay day.
- Block time in your work schedule to look at your business money weekly and track your revenue daily.
- Schedule these meetings into your calendar; advise your assistant, arrange it with your spouse. This stuff is important and the more you do it the easier it will be.
On your planned Money Day, go to your new Money Spot and review what needs to be paid, filed and decided upon.
Make any transfers that are needed, write cheques and arrange payments. Follow up on outstanding invoices. Discuss any decisions that need to be made. Have a plan so you get all of the tasks you want done without getting sidetracked.
Taking this time regularly to look at your personal and business money life will have a really positive affect on how you feel about and how you handle your money.
Money loves attention, so make sure you give it some regularly.