Balance Your Checkbook

Back to Basics Cash Flow Control

Are you looking for the quick fix to your financial woes?

Do you want to finally have Financial Freedom? (And get to do what you want, when you want!)

Are you stuck between a rock and a hard place financially?

Control Cash With Confidence, No Matter How Much You Have

financial concept - hand with moneyImagine what it would be like to wake up each morning with no money worries. What would you be thinking about? Starting a new business? Planning a vacation? What would you be doing? Relaxing with friends? Traveling the world?

What you ARE doing now is laying the foundation for your future. When you are dreaming of and wishing for things to magically happen and not taking the steps to actually get there, you will remain right where you are. The truth is, it doesn’t have to be hard to change your life. We all want the easy way out, the quick fix to managing our money.

So what is the quick fix to controlling cash with confidence? The quick fix has three parts. These three parts are not steps that you do in order. They are processes that are intertwined in every money making decision that you make, from buying a cup of coffee to paying your monthly living expenses to major purchases such as buying a house or a car. Anyone can start doing all these things immediately. Whether you start doing one of these quick fixes or all three, you will see an improvement in your confidence with managing your own cash flow. The more confident you are the more cash flow you have.

Be Consistent with Good Money Management Habits

a001h2o180dreamstime_m_8477911Quick Fix #1 is to be consistent with good money management habits. There are several basic cash flow control habits you can practice every time money flows in and out of your life. Pay yourself first. Know what you owe and when payments are due. Pay bills timely. Balance your checkbook. Save more. Spend less. Get organized so you can find what you need when you need it. Time is money, you know! File tax paperwork timely and as accurately as you know how. Pay off credit cards. Build a cash emergency fund and a fun fund. Recognize that every time you spend money you are making a choice. You decide every day how you will manage your money.

Cultivate Peace and Calm Around Money Matters

a001h3o180dreamstimemedium_23658356Quick Fix #2 is to cultivate a mindset of peace and calm around money matters. Buying something to make yourself feel better never works. Worry and stress only make money matters more stressful. The more your money matters to you, the more stressful money problems are.

You will make better decisions with your money when you are calm. Desperation leads to very bad money choices. Learning how to connect to a feeling of peace and calm will open up opportunities and choices that you cannot see when your mind is clouded with emotions.

What is the worst decision you ever made with money? Would you do it again? Forgive yourself, stop telling the story surrounding it, and move on. The sooner you let it go, the sooner you can have a new experience with money. Our attitudes and beliefs about money in our life is supported by our experiences. If we want a new experience , we have to let go of what happened in the past to be open to something new.

Disconnect Your Self-Worth From Money

a001h4o180Quick Fix #3 is to disconnect your self-worth from the value of money. You are not your paycheck. You use your paycheck to buy things that make your life more comfortable. The value of who you are can never be measured by how much you make. Making a lot of money does make it easier to pay your bills if you manage your money well. Otherwise you are still working paycheck to paycheck no matter how much you make.

A quick look at how connected your self-worth is to money is to check your net-worth. To calculate your net-worth take the total of your assets less the total of your liabilities. Assets are the things you own that have value like your house or car. Liabilities are what you owe to others like a mortgage or credit cards. If you owe less that your assets are worth, you have a positive net-worth. If you owe more than your assets are worth, you have a negative net-worth. Regardless of what it is, how do you feel about that? That is an indication of your self-worth. This number is an eye opener. It is not whether the number is positive or negative. It is how you feel about it. Do you feel thrilled and amazed or does it make you feel sick? You may have a positive net-worth and feel like it isn’t enough. That would be an indication that your self-worth is tied to money.

Make Better Decisions With The Money You Have

a001h5o180dreamstimemedium_8621514Less Worry = Less Stress. Less stress leads to more peace and calm. You make better decisions about your life when you are not worried and over-stressed. Managing your money is less about how much money you actually have and more about what you can do with what you have. Fear-based decisions are constricting and dis-empowering. Decisions made from a place of calm allow you to see more possibilities and more opportunities.


Never Make Decisions When You Are Angry

a001h6o180dreamstimemedium_24594980Years ago I was given a piece of advice that has always stuck with me. Never make major decisions when you are angry. This holds true for several other fear-based emotions. Never make major decisions when you are worried. Never make major decisions when you are over-stressed. Any emotional upset cloud the decision making process.

We make money decisions every day. If you want to practice making better decisions with your money, you have to let go of how you judge the way you spend your money. If there is something you are doing with your money that you want to change, you have the power to change it. No one can change it for you. You are the decision maker with your money. Pay attention to how you feel about how you spend money and you will have amazing insights into your current money situation.

Can you go a day without spending any money? Try it. See how it makes you feel to not spend anything for a day or two. Does that mean you would save that money, or would you just spend more the next day? If you are having any sort of emotional response to spending or a purchasing, wait until that feeling passes then decide if you still want to make the purchase.

Start Over From Where You Are

a001h7o180dreamstimeLife does not stand still. It is extremely painful to be stuck between a rock and a hard place financially. You feel squeezed from all directions. Bills need to be paid. Groceries need to be bought. The car breaks down. All sorts of things happen from day to day that upset the delicate balance of surviving from one paycheck to the next. It is easy to get overwhelmed with financial problems. The worse you feel about where you are the bigger the problems seem. The bigger the problems are the harder it is to see a way out.

Stuck Between A Rock and A Hard Place

a001h8o180dreamstimemedium_23798797The only way to not get crushed is to move. Get moving. Take your focus off where you were and take a step toward where you want to be. If what you have been doing has not been working, start doing something else. The key word here is START. You can only start over by taking some sort of action. It may be getting dressed in the morning. It may be getting financial assistance or going to the library to research solutions. It may be taking a look at how you really feel about what you are doing or not doing with your life.

What if you could start over from where you are right now? What are the limitations you have placed on yourself that say you can’t have the life you desire? These limitations start with “I can’t” and are followed by the dis-empowering “because I AM” statement. You can predict how stuck you are by what you can’t do. Start coming up with a few things you can do. What you can do will turn mountains into molehills.

Money Is What You Use, Not Who You Are

a001h9o180dreamstimemedium_18220787You may be struggling to keep a roof over your head or keeping everyone fed. It is so easy to get caught up in what has been happening or rather, what is not happening. Focusing on what you can’t pay and what you can’t do, keeps you stuck in what you can’t pay and what you can’t do. Worrying about it keeps you from actually doing something about it. Worrying takes a lot of time and energy.

Those moments when you do have a glimpse of the way out are quickly overshadowed by the weight of money you don’t have. Your attitudes and beliefs about money impact how you feel about money. When your sense of self-worth is attached to money, you can never make enough money to ever be satisfied. Money is what you use, not who you are.

Maybe you get further and further behind every paycheck. Maybe, you have plenty of money coming in and are still living paycheck to paycheck. It is possible to make over $100,000.00 per year and still be a paycheck or two away from living on the street. The point is that how you manage your money has nothing to do with how much you have. It is what you do with what you have that is up to you.


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