Money management basics
 
When it comes to finances, it is important not to compare yourself to others – that enviable brand new car, big house or social lifestyle may be sponsored by a deficit in the bank account and isn’t evidence of good money management at all!
 
When you want to get control over your financial state, you should start by creating a plan for monthly spending from actual expenses that you know of and estimated expenses that you anticipate. Download the basic budget example at the end of this article and use it to setup your own version – this can be on paper or in software such as Microsoft Excel.
  
As each month progresses, make a “copy” of your budget where you track actual income and expenses, cross check this against your bank account statements
 
After 3 months, review your 3 budgets (plans) against the 3 copies (actuals), you will find that:

• You are spending less than you receive – well done! Are you saving the surplus in your emergency fund?
• You are spending roughly the same as you receive – good going. Can you find a place to cut down or redirect spending to start an emergency fund?
• You are spending more than you receive – now, this is where some good reflection, maturity and responsibility is needed: you need to receive more or you need to spend less. Is there a way?

 
Obviously one would like to progress from the last scenario to the first in terms of improving your money management.
 
Personal development coaching can guide you in deciding on goals and working out a plan to achieve your goals so that you can take control of your financial situation.

What are you doing here?
 
The context of your “here” is as unique as your thumb print. Even in identical circumstances, you and I have a different perception of what is happening.
 
How so? Well, how you experience anything is
-> based on your emotions
-> created by your thoughts
-> influenced by all the previous experiences in your life
 
It is said that inner peace comes about when you are consciously living out your purpose ie. when you are doing what you are meant to be doing here. Knowing what that is usually comes from taking guidance from your inner voice, having a good understanding of your talents and your personality as well as living out your passion.
 
The purpose-driven one-and-only you
-> learns from all the previous experiences in your life
-> deliberately creates positive and constructive thoughts
-> is aware of, and controls, your emotions
 
Notice how the second chain of events starts with you taking responsibility whereas the first can be reactive, limiting and destructive.
 
Life Coaching can be your opportunity for uncovering your life purpose and understanding what you are (supposed to be) doing here. Contact me for a free session to find out more.