You have made them. I have made them. Some may be a bit embarrassing. Some make you shake your head. A few you might have eventually found uses for.
Eliminating bad business purchases completely probably isn’t going to happen (you are human right?) but learning a few steps to help limit these moments of bad judgement will make a huge difference. Watch the video below to get 2 mindset and 3 practical tips for helping ensure you make better money choices in your business:
Need help laughing at, and then eliminating your bad business money decisions? Then sign up for the Secure Entrepreneur Ezine here:
Working on your money situation can be challenging, especially when just starting to organize your money and accounts, build your budget, and get your money management system in place.
One of the biggest tools I used when getting my money organized (and still use today) is watching and listening to some of the money TV shows and podcasts to “get me in the mood”. Here is my list of (free) money helping programs I use:
Suze Orman Show: Every Monday morning, while making a morning smoothie, feeding my son breakfast, and getting lunches ready I listen to the Suze Orman Show podcast on Stitcher (it is on iTunes too).
Dave Ramsey Show: Each morning, for the rest of the week, during my morning routine I listen to Dave Ramsey on Stitcher (also on iTunes)
Till Debt do us part, Princess, Money Moron: All three of these shows follow a similar format and feature host Gail Vaz-Oxlade helping people get out of debt. Gail’s shows were one of my biggest supports six years ago when I started figuring all of this out. (Note: These links are for the Canadian sites and may or may not work if you are outside Canada. If they don’t work just search the names and you should find links that will work in your area)
If you need support in working on your money I would suggest checking out some of these resources. They are great to listen to while walking the dog, cleaning the house, driving, or filling any other “down time” you might have.
You can also get support with working on your money by joining the Secure Entrepreneur Ezine list right here:
With Christmas 2014 behind us, it is time for me and my family (and hopefully you too if you decide to commit!) to start saving for Christmas 2015.
Are you ready to make a “Pay Cash for Christmas 2015” commitment?
How to make your Pay Cash For Christmas 2015 Commitment
Please, don’t panic, but this is going to require a bit of math, so if numbers are not your favourite, take a deep breath, stick with me, and follow these steps:
Gather together your credit card and bank statements starting with the month where you made your first Christmas purchase (I made mine in October so I gathered my statements for October, November, and December)
Get a piece of paper and pen, or open a spreadsheet or word document on your computer (I used an excel spreadsheet)
Go through each bank and credit card statement and record all the money you spent related directly to the holidays (food, gas, coffees, presents, etc.)
Add up all of those numbers, take a deep breath, and write down your total. This is how much you spent on Christmas in 2014 (my total was $3376.49)
Divide this total by 12 (for me: $3376.49/12 = $282)
This is the amount of money you need to save, every month starting in January, so you can pay cash for Christmas 2015 (my first $282 transfer has already been made!)
Go to the comments below and make your commitment to save every month so that you can pay cash for Christmas 2015. I would love it if you included your monthly number, but if you are not comfortable sharing that information, just let everyone know that you are making this commitment.
I am ready to make my Pay Cash for Christmas 2015 Commitment, are you ready to make yours?