One day, I got an email from a woman who attended one of my retirement planning seminars at her work several years ago. She had been wanting to schedule a meeting with me but never got around to it.
It was two years later and now she was ready to talk about her finances. As it turns out, after the seminar, she got cold feet about moving forward with a one-on-one meeting. The thought of dealing with her finances completely overwhelmed her, so she did what many of us do when fear stares us in the face, absolutely nothing.
She was completely immobilized by the fear of taking charge of her finances. That fear coupled with the reality of a crazy busy work schedule and she had plenty of justification to put it off for another time.
Do you see yourself in this scenario?
For women, it is not all that uncommon to put off the important – but not urgent – task of taking charge of their finances. Especially for women who don’t feel all that confident about money in the first place.
As a financial coach, I totally get it. The thought of committing to become a better manager of your money can be quite daunting.
I’ve worked with women who consider themselves to be bold and confident in other areas of their life – professionally and socially, for instance. But when it comes to the topic of finances, they admit they become like helpless little girls.
Even so, the tables are (finally) turning, and as women become more competent in the world of enterprise, this same confidence spills over to their finances.
And to this I say Hallelujah!
If you find yourself putting off the necessity of making important financial decisions then this is for you.
Stop hiding from your money.
Stop beating up on yourself for past money mistakes.
Stop making yourself wrong.
Draw a line in the sand.
Start with a fresh clean slate.
Start where you are.
Ask yourself what would make you feel really good about taking charge of your finances right now? Do you need to forgive yourself for past financial mistakes? Then do that.
Do you need to get a handle on your spending? Then sit down with your checkbook, credit card statement and bank account statement and write down everything you spent in the last 30 days. Then just look at it. What do you see? How does it make you feel to look at your spending?
Just notice what comes up.
Do you need to make new decisions about your spending? About tracking your spending? Then do that.
Make a powerful new decision that you will be mindful about how you’re spending your money.
Do you need to create a new estate plan or update a current one? Then do that. Don’t wait. Even if you are super busy, take one baby step. Make a decision to get it done. I see it as a metaphor for taking a stand for your future financial security. For both you and your loved ones.
If you don’t take a stand for your financial well being then who will?
It’s never too late to get started. The earlier you do the better.
So what about you?
What came up for you after reading this article?
What decision do you need to make today?