We all want to achieve financial zen in our lives. Without it, stress and anxiety builds up, and relationship conflicts over money creeps in.
So, how can you reduce the financial anxiety and find tranquility and financial peace of mind?
Let’s look at the three (3) easy to follow money mantras to help restore financial peace of mind – FINANCIAL ZEN!
3 Money Mantras to achieve Financial Zen
1. Create a Money Calendar
Like scheduling an important meeting in your diary, keep a calendar of all things financial. For example, schedule in bill reminders so they get paid on time to avoid late payment fees, major expenses like mortgage repayment due dates and the most important thing when income gets paid.
It’s like creating a month to month snapshot of all expenses and monies coming in and going out. This helps to create a budget and to plan ahead for other big ticket items coming up like family holidays.
It creates a sense of awareness that can shock or surprise you. You may be surprised to see monies left over each month which could be set aside for savings or better yet to make extra repayments on the mortgage. The shock may be realising the various monthly direct debits set up that’s draining your cash flow. Forgotten magazine subscriptions or gym memberships you’re paying for but not used at all.
2. Set Bite-Sized Money Goals
What did the Money Calendar reveal about your money situation?
Were you surprised or shocked or a bit of both? Now, is the perfect time to harness the surprises and eliminate the shocks and set bite-sized money goals.
Make a list of the surprises and the shocks to see what your bite-sized money priorities should be.
Start with the biggest shock. This could be the ‘forgotten’ monthly direct debits that mercilessly zaps your bank account or racks up your credit card every month. These monthly debits of $20 or $50 may seem trivial as single items but when you consider the combined yearly sum, how rude and shocking it becomes.
Out of a shock comes a nice surprise. The more you can afford to slash and burn unnecessary monthly expenses, the more financial clout you get to either invest more and pay off your debts faster. This can only improve your money-growing power and confidence to reach bigger goals.
Make sure your bite-sized goals are potent. Be specific and set deadlines to every goal you set. Don’t be overly ambitious but be realistic. Set yourself up to win, not to fail.
3. Make it happen!
As with any tips or recommendations you receive or hear about, they sound like a great idea and they probably are but only if you decide to do something about it.
Some people mull for months on end and the urgency to make a positive financial change disappears.
Learn to be decisive and take swift actions. Whatever your bite-sized goals maybe, get on to them immediately.
Every time you make progress, you’ll feel happier and proud of yourself. This confidence and positivity will drive you to tackle bigger challenges and life goals.
So, what are you waiting for? Follow the simple money mantras to keep financial stress to a minimum and establish financial zen routines to keep and maintain financial peace of mind.
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