10 Ways To Be More Financially Responsible

Ten ways to finally get your money right
10 ways to be more financially responsible

The word "Recession" has become the most used word in Nigeria thanks to the economic situation in the country. But how can you still manage to save and get your money right in this situation? Consider the following tips:

1. Leave your money story behind and start anew.

What you focus on expands and when it comes to money, giving power to beliefs like “Money is the root of all evil” or “I’m not good with money” contradicts your ability to be clear, take the best actions and attract new opportunities for an increase. Hang up that old story and start anew. Your relationship with money isn’t one you can afford to mess up.

2. Define what money is and why having it is important to you.

In order to lead money where you’d like it to go, you have to understand what it means to you, what having it looks like and why it’s so important for you to attain it. Honestly ask yourself: Do I enjoy working for money or would I like it to work for me? Does money represent the energy I give and receive it with, freedom, security, stability, none or all of the above? How would I love to feel about money? Dig deep and really feel into what feels best for you and your desires.

3. Educate Yourself

Do your research and get familiar with all the ways you can increase your net worth by reading books and articles, taking online classes and training, talking to your bank reps and seeking out the assistance of a financial coach or planner, if need be.

4. Budget…for real
We’ve all got a ‘budget.’ That figure we claim we’re going to stick to, only to breeze past it half way into the month, then on the 30th we end up wondering where the hell the money went. But if you’re ever going to get your finances straight we have to stop playing with imaginary money and start getting real. Take an honest look at your income and your monthly expenses and be realistic about how much money you can truly spend each month and where you need to cut back.

5. Stop accepting the leftovers

Most of us have a tendency to put money into savings after we’ve paid the bills and taken care of everyone else (if we’re saving at all), but what does that leave us with? The leftovers. And what does that do? Send out the energy and message that we aren’t ready to be paid for the effort we’ve put out. If you can’t pay yourself it’s going to be hard to convince others to so lead by example and put yourself first. 10% of your earnings is a great place to start. Putting your savings or a portion of your earnings in a different bank may not be completely out of mind but it will be out of sight and hard to get to if it’s deposited in another bank that you can't have access to all the time. Talk to your financial advisor about your options.

6. Look Towards Tomorrow
Often we get our paychecks or some unexpected cash and only make plans for what we need or can spend it on today, but learning how to look ahead can relieve a tonne of stress on your wallet. If you know the holidays are around the corner, start putting money aside. Giving yourself ample opportunities to plan and schedule things could make a world of difference.  So this year, instead of spending that extra money on a trip or new clothes, tries using some of it to pay a financial advisor that can help you come up with a long-term financial plan for your future.

7. Check your balance daily. And I do mean daily

Imagine that your money is a loved one, locked in a cell, just waiting to be released and you only get one opportunity daily to show them love, gratitude and support their desires. Call your money daily and don’t just run through the motions; listen to each prompt fully. Once you’ve heard it, thank your money, let it know you appreciate it for being what it is and close the call letting it know that you are committed to its release and increase as well.

8. Track everything

Keep an envelope with you at all times and ask for a receipt every time you conduct a transaction. You may start out tracking your expenses for a week or two but tracking for a month will increase your ability to see exactly where it’s going so you can redirect it accordingly.

9. Eliminate curse words

Like “can’t afford” and replace them with “I’m manifesting the money to…”. Be mindful of the words you use to refer to money and replace them with more empowering, supportive language. Words are power.

10. Finally...

Surround yourself with like-minded and like-hearted people, looking to up-level their money game as well. Learn to say “no”; it’s a complete sentence. Make a commitment to your money and mean it. It holds more power than simply “wanting” or “desiring” it…

Jemimah Abimbola Posts

I am passionate about writing, I love to read and am also a big foodie.