by MONEY MINDSET ADVISOR KIM MASTERS
In September, I was privileged to run a Make Peace with Money workshop for Makers United.
The workshop was all about understanding how your relationship with money affects your day-to-day life, and how by uncovering and working on your limiting money beliefs (which I call Money Blocks) you can start to transform how you think, act and talk about money.
Money can be a subject of trauma and great stress for many people, they often think that they are powerless and trapped when it comes to money, that they have no control, but in the workshop; I showed that with a bit of hard work, by being brave and proactive, this situation can change for the better.
While we can be well aware of what is causing us money stress, I also showed that there can be subconscious beliefs at work, things that you may be completely unaware of. It’s important to uncover these negative beliefs because without healing them you can be stuck in the same cycle, over and over again.
I thought as a follow on from the workshop, I could share the key lessons I've learnt over the years...
My top 5 tips on Making Peace with Money:
1. Start a Money Journal – write about your money experiences as they happen, both good and bad; this can help you to see if there are any negative repetitive habits or ways of thinking; once these have been highlighted you can look to change them. It can also show good money behaviours that you want to keep and be proud of.
2. Cost control – look at your bank/credit card statements on a regular basis so you can see what you are spending. Being on top of your spending can really help if you get that unexpected bill or if your outgoings are higher than your income and you need to cut costs. It can also help with managing those subscriptions that you forget about and never use!
3. Start a savings pot – Put whatever your feel you can afford aside each month. Set yourself a goal of what the savings will go towards, don’t just think ‘rainy day’. This is about seeing money grow and rewarding yourself.
4. Cancel negative thoughts – If you find yourself having a negative money thought (or any negative thought for that matter) then shout ‘CANCEL’ and replace it with a positive thought. You can even write the positive thought in a flip book and look at that statement regularly using it as a positive affirmation. These help to start rewiring your brain and to change the way you think about money.
5. Be brave – take action and try not to let your money situation get on top of you. Don’t ignore it, make sure you are in control of your money, don’t let your money situation control you.
I hope the workshop and the tips help; if you need any advice or have any questions please get in touch with me and I’ll be happy to help where I can.