Lemme tell you something: It’s not easy being the finance person.
When every other coach out there is telling you that you can do anything you want with your life, I’m the one who’s like “By the way, those things have price tags.”
While I usually have really empowering and uplifting viewpoints around money, I still feel like I come across as the Debbie Downer who has to remind everyone that things cost money. (But, YAY, capitalism! Seriously.)
Yes, things cost money. No, the same dollar can’t pay for 17 different things.
Which brings me to my next point… Boundaries are good, right?
We’re encouraged to set relationship boundaries and work boundaries and personal boundaries. So why shouldn’t we do the same with our money?
If money is just energetic currency, shouldn’t we set a boundary around how much we use at a specific point in time?
Heck yes, we should!
Well, that’s essentially what a budget, a financial plan, a debt repayment plan, an automated savings plan, and an investment strategy are: BOUNDARIES.
And you kind of already knew that because I’m sure when you think budgets, you think “Restriction! Limit! Restraint! Confinement!” Right?
And all that stuff sounds nothing like the freedom you’re seeking.
I know you’ve been thinking about budgets and financial plans like they’re some sort of financial torture. I know you’re dreading the thought of putting your wallet in a timeout.
But if your budget feels like punishment, you’re doing it wrong because boundaries are meant to feel good, not bad.
(For you entrepreneurs out there, I’m sure you have very different feelings about a personal budget and a business budget, right? Interesting, isn’t it?)
What we all fail to see when we look at budgets as restrictive thingamajigs is that we have the freedom to decide where that boundary lies.
No judgment – YOU CHOOSE.
How much to spend on groceries every month? You have the final say!
How much to put towards your debt? Totally your call!
How much money you earn every month? You've got the power!
If we hire therapists to set boundaries in relationships, listen to podcasts on how to set boundaries between work and our personal lives, why not do the personal finance work to set boundaries with your money?
It’s okay to set a boundary that your family doesn’t talk about politics at the dinner table and it’s okay to set a boundary about where you’re spending your money.
And if you need some help figuring out a healthy and sustainable way to set financial boundaries so that all the money you work so hard to earn doesn’t go to waste? Schedule a call to chat it out HERE.
PS. I talk about this in greater detail below: