Are you Financially Faithful?

Your relationship with money is important

If you ask most single women what is the most important quality in a partner, they would likely say faithfulness or loyalty.  Just as we have expectations of a love relationship, we have to set expectations of our relationship with money.  Do you start the year out saying you are going to put a certain amount away?  Do you talk about saving but end up spending more?  How do you think your savings account feels when it is always having to cover your checking account from overdrafts?  You are literally cheating on your money and being the worst type of player - promising that you are going to make steady deposits and it just never gets done!  Take a moment and reflect on why your saving account is low or gets depleted each month.  I know many people struggle with money and lost wages due to the pandemic, but wouldn't things would have been a little easier if you had $10-20K in the bank beforehand? Think back over the last 10 years. Let's say you calculated how much money you spent ordering food instead of cooking. I recently stopped at a fast food drive thru and got combo meals for my son and I.  It costed nearly $17.  That same amount of money could have bought breakfast, lunch, and a decent dinner at the grocery store. Also consider how much leftovers you threw out last year.  Each time I clean out the frig, I'm throwing away at least 3-4 meals.  Let's not mention the items we purchase and never use.  I'm sure that if over the last 10 years I would have been more aware of how I treated my money, then I would have had a lot more in the bank.  So before this first payday of 2021, take a moment and think about your relationship with money and how you can achieve a healthy relationship that grows your bank accounts.  How can you keep your savings account happy?
In the next few days, I will also post some tips I have learned and practice to help with my finances. Let's make our relationship with money a prosperous one.

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