breaking past january credit card blues
As featured on Cityline
It’s that time of year. The holiday decorations have come down, the weather isn’t so lovely and to top it all off, the credit card bills are showing up full force. It goes without saying these factors and then some are why we can feel cruddy at this time of year. So much so, an entire day was named after it… enter Blue Monday.
Here’s one thing I like about Blue Monday - wait, what? Could there possibly be something to like about Blue Monday?
At its center, it prioritizes the way you feel. Now, I’m here to help you work through it! And we start with one of my favourite Money Mantras that I’ve put together.
give yourself the grace of understanding with the commitment to move forward
Does the way you talk with yourself about money make a difference? It makes ALL the difference! You see, behind our words are one of our most powerful assets, our emotions! The way you feel can either be fuel helping you move forward or a weight holding you back.
By acknowledging the way you feel and working through it, you can start fueling your engine towards the financial picture you want to create for yourself.
Here are some strategies to help.
1. An abundance mindset
Start by focusing on everything you do have and what you can do! This is my essential first step!
Ex. Shopping your closet or pantry
2. Connect
Reviewing your current financial picture helps you connect and reassess.
Tip: Keep a close eye on reoccurring monthly expenses
3. Allocate
Now that you've reviewed and re-evaluated your income and expenditures, it's time to allocate money towards your borrowing accounts.
Tip: If you have any merchandise waiting to be returned, take those back with a happy heart knowing those funds are going directly towards your borrowing account(s).
4. Consolidate
Make that money you've allocated work in the most effective manner! Consider shopping around for better interest rates and merging borrowing accounts! Having them in your lowest interest account allows more of your payment to go towards the principal.
5. Changing the game
Keep the idea of debt a thing of the past by implementing lifestyle changes to elevate your financial health and wellbeing.
Tips: reducing credit card limits, unsubscribing from email lists and starting expenditure tracking on your credit card.
6. celebrate!
Big wins are made up of little wins, so celebrate them all! Acknowledging your progress is a powerful tool!!
Now, let’s continue the conversation! I believe in you and in your ability to create the financial picture you desire so I’ve paired this blog with a free download you can access here.
This content was also featured on Cityline. Watch the full segment below:
