Having a great relationship is critical to being successful around money!
Below are the top signs that you DO have a good relationship.
1. You pay attention to money and know where it goes.
People who do not want to see where their money goes typically have had a traumatic experience around it. Remember, what you don't heal will keep coming up. Think of it as a wound, if you have a wound, do you think not paying attention to it would help?
How do you start paying attention? Start with a budget! It is so important that you have a budgeting system that works for you. If you don't know where to start. I have an easy online affordable online budgeting course to get you started!
2. You feel good when you think about money
When you think about money, you don't feel stressed. You don't lose sleep and have a general sense of peace whenever you think about money because you have done your best to take care of money's needs. Yes, some stress might come up, especially with the coronavirus going on lately but it doesn't sway you.
3. Your money is working for you without the need to micromanage it
It's not rocket science to know how investments work and to learn how to make money work for you. The assumption that you have to constantly micromanage your money for it to grow is a myth. You also don't have to pay someone a lot of money to learn how to manage your own finances.
4. Your money got your back
Because you have taken care of money and make sure you met money's needs, money will take care of you back.
5. You’re not afraid of economic downturns
Whether you get laid off or recession happens like right now. You don't lose sleep over it. I also wrote an article regarding being laid off.
6. You have regular money dates to check in with each other
This is where having a budget comes in! You check in with you budget regularly and when you have to buy something new, you confide in your budget.
Don't have a budget? Check out my course.
7. You’re not afraid to work out any issues with money
Let's say you are in debt or things came up this month that you have to spend more money. What should you do? Most people just charge it to their credit card and then deal with it after. You don't want to do that. You have to look at your budget and plan it out. How can you pay for that extra expense? What do you have to move around in your budget to do that? Do I have enough savings to pad this negative month? Can I make the negative cash flow this month in the following month?
You can't be afraid to ask yourself these questions and deal with it right there.
Having a great #relationship with money is important.
This is one of the foundational part of the coaching work I do for my clients.
Anything else you would like to add to the list above? ?
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Christine Teh is a personal finance coach who lives in Silicon Valley and serve clients virtually. She also offers tax preparation and consulting services and LinkedIn coaching as well.
Schedule a complimentary chat now to see if my financial coaching service is right for you!