Habit: Something that is a tendency or regular practice and tends to be something that’s hard to give up.

There are good habits and there are bad habits.  I want to focus on building positive habits versus breaking down bad habits…you might say tomatoes tah-mah-toes but I happen to think it’s better to look at it from a positive angle. Today I want to talk to you about three habits that will make reaching your financial goals easier.

Those habits are creating and using a monthly spending plan, keeping tabs on emotional spending, and having a positive relationship with money.  I chose these 3 habits because these are the ones that when they go unchecked they can wreak havoc on your financial life. So let’s get started.

1) Have a budget/spending plan/ money magic plan

A budget helps make reaching your financial goals easier by doing two things.

1st it tells your money where to go.

A monthly spending plan keeps an eye on the categories that cause budgets to explode.  Those sections are usually groceries and eating out.  Oh yea, I know the temptation of eating out!

When you plan for these categories it will help to reign them in.  I personally appreciate the line items for groceries because it keeps me from being completely lazy because cooking at home is usually cheaper and healthier than ordering out.

Just do me a favor, please!

Make sure you are budgeting in the things you like to do.  So if you like to have Chinese a few times a month then add that to the budget or discover a recipe to make it at home.  A budget isn’t a strait jacket…which leads me to the 2nd way that budgets help you.

2nd it’s the road map to getting where you want to be financially.  

When you follow the roadmap that is your budget, you get where you are trying to go a helluva lot quicker. If you just let your money life just happen the money tends to flow right out of your hands/ checking account and you have no memory of where it went.  We can control our money it just takes active delegation.

I challenge you to set up a budget if you haven’t already.  Here’s a really good form I think you’ll like! Budget Form Download

Also here’s an app I like to use to keep track of it in the palm of my hand: Mint Website

2) Keep tabs on emotional spending

Emotional spending leads to overspending.

Emotional spending?  What’s that?

I’m sure you’ve heard of “retail therapy”.  What they don’t tell you about is the buyer’s remorse, credit card bills, and financial headaches that come after.

So keep tabs on shopping when not in a good space.  This includes shopping while:

  • Hungry
  • Sad
  • Stressed
  • Angry
  • Tired
  • or any other extreme emotion that is out of your norm.

It’s best to address the issue that’s causing emotional unrest.  Once you have cleared up that emotional madness go about your business.

A good way to clear it up is to take up a journaling practice that’ll help you sort out some of the things that are going on internally.

3) Actively build a positive relationship with money

Your relationship with money is the everyday attitude and actions you have towards money

The two habits I mentioned above are a major piece of having a positive relationship with your money.  If you have a negative relationship you might be:

  • Overspending
  • Not Budgeting
  • Dealing with emotional spending
  • or something else.

If you are lacking the discipline, then there is usually something subconsciously causing you to undermine your efforts when it comes to making and managing your money.

If this is the case then working with a coach may be the best thing for you in this instance because it’s harder to reach your goals when you are subconsciously undermining your own efforts… kind of like when you are trying to lose weight but still eat a McDonald’s Big Mac everyday…are you really trying to lose weight then? It’s the same issue between your money relationship and your goals.

If this is the case then I challenge you to reach out to me for help!  Feel free to send me a message or join the FB group where there are numerous women working on their relationship with money.  You can check it out here: Join the Money Mastering MISSfits! 

I love when people comment so please feel free to let me know what habits you have that help you to reach your financial goals below! I reply to every message!

Until next time

Here to help and guide you,

Chief Missfit

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About the Author

Brittany Marie is a Transformational Growth Coach for women who want to make their dreams a reality and use it to live their purpose and impact the world! She does this by providing coaching, 1:1 intensives, group masterminds, blog posts, and workshops! When she isn't doing all of this she is spending time with the love of her life or relaxing with her knitting :-D To get in contact with her please go to the "reach out to me" in the menu bar or in the footer.

Leave a Reply 8 comments

edira - December 20, 2016 Reply

great tips! I really need to start thinking and keeping tabs on my emotional spending :/

    Brittany White-Volks - December 21, 2016 Reply

    Thank you for your comment Edira! Emotional spending is also called mindless spending and it can mess up your goals. It’s important to know why you might be spending emotionally in the first place. Feel free to join us in the money mastering missfits on Facebook!

Glogeworld - December 20, 2016 Reply

Woe! Thanks for sharing this great information 👌🙏

Lindsey - December 20, 2016 Reply

These are great tips the think of. Often times we forget to think about ALL of the ways that we use money. Thank you for these!

    Brittany White-Volks - December 21, 2016 Reply

    Thank you Lindsey for the comment! Money has both an emotional component and practical component and how we feel about the money affects how we manage the money 😀

Oyinkan Ogunleye - December 21, 2016 Reply

Having a budget is one thing. Sticking to the budget is a whole ‘nother ball game! Lol! Great tips!

    Brittany White-Volks - December 21, 2016 Reply

    Oh YESS! You have to set yourself up for success when it comes to your budget 🙂 Making it so that you only have spending cash in your regular checking account and not your bill money is one of the things I teach the women in my group! I am a big fan of slush funds 😀 Thank you for reading!

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