Posts Tagged ‘debt free’

What Your Financial Abundance Means For Others

What is your wealth really worth if you don’t get to enjoy it? 

We don’t just live this life to work. We live this life and enjoy and share it with others. And that’s my goal as a Financial Coach: to help you to get to that place. What is your wealth really worth if you don’t get to enjoy it? 

At this time of year, we look beyond ourselves and to our family, friends, and community – the ones that gather around us. When you have set yourself up to be financially free, and you are blessed with abundance in your life, what does that mean for the ones around you? 

What Does Your Financial Abundance Mean For Others?

  1. It means you can afford those little extras: Maybe you can host the holiday, or have a holiday party with people in your home. When you can afford a little extra, you can spend a little extra on things like having lunch with friends, or even treating a friend who can’t afford it.
  2. You can give back: You can share your wealth with others in your community, by participating in events like gift and coat drives, food bank donations, adopting a family in need, etc. This is the time of year when we should be thinking about what we can do for others, and when we’re in the financial position to be able to help, we can positively influence someone else’s holiday experience. 
  3. It means you can focus on the here and now: When you are not worried about money you can focus on the good in front of you, not the worry of spending. Think of how much less stressed you would be if you didn’t have financial concerns on the brain. Wouldn’t it allow you to be more present, and to really enjoy the now? Financial concerns not only drain our bank accounts; it drains our energy too. Getting yourself into a place of financial abundance benefits us and others, by allowing us to be in a better, happier place in life.
  4. You can bless those less fortunate: If you have the room in your budget, you can help out a friend or family member who may be struggling this holiday season. Or maybe you decide to bless a stranger that you don’t know. Whichever route you choose, when we are living from a place of financial abundance, we can make an impact on those in need. When we’re able to help someone from the kindness of our heart, without expecting anything in return, we direct the energy flow that keeps blessings coming our way. A grateful heart is a magnet for miracles.
  5. You can be an inspiration for others: A rising sea lifts all boats. When you get your finances in order, others see that they can do it too, and it inspires them. When others see you helping others, they want to help too. One hand washes the other here, but serving as that positive example can sometimes be all the motivation needed. 

So, how can you get yourself into a state of financial abundance? If you are ready to make a difference for yourself, your family, and your community but taking a stand and becoming financially independent, schedule a session with me today. For more information on how you can find financial abundance, schedule a free discovery session with me.

5 Tips to Start Saving for the Holidays Now

A blog about making the most of the holiday season by being financially prepared.

While the holiday season should be a time of excitement and fun, for many it can turn into a source of contention. Anxiety surrounding holiday spending can put a real damper on your holiday festivities. So if you want to help your family be financially prepared this holiday season then start small and start early. These five easy tips will help you to start saving for the holidays right now, so you don’t puke when you open your credit card bill in January!

  1. Start thinking about a realistic budget WITHOUT using credit so it doesn’t follow you into the next year: Once you have some ideas of the gifts and activities you want to do this holiday season, start putting a simple budget around each item. It’s easy to get carried away, so do it before the emotions of the holiday season kick in, and you can make better financial decisions.
  2. Get your lists early:  Asking your family for their Christmas lists early can help you to get a head start. Find out what people want now, so you have time to shop around for the best price. You can even buy these items early when you find them on sale, or you can at least more easily space out your spending. Knowing what you’re buying in advance will help you to budget, and get a better snapshot of what you need to prepare for. Also, don’t get swept up in thinking you have to get everything someone else wants or puts on their list (especially children). Share those ideas with grandparents or others who want to get them a gift as well. 
  3. Shop during the pre-holiday sales: Stores are always having great sales around this time of year. Don’t wait until the madness of Black Friday or Cyber Monday hits to get a good deal. Shop the early sales now and get a great deal instead! 
  4. Buy a gift or two each paycheck: To take the burden off of your December paychecks, start buying a gift or two each week or every paycheck, starting now. This way you can spread out your spending, and you won’t have to charge it and pay it off later. 
  5. Start making holiday gift idea lists now: A little planning goes a long way. Instead of running around like a mad person in December buying anything you can get your hands on, start making your list now so you can plan and prepare. When we wait until the eleventh hour to shop for gifts,  our budget can go entirely out the window because we have no idea what to shop for. 
  6. Start thinking about a realistic budget: Once you have some ideas of the gifts and activities you want to do this holiday season, start putting a simple budget around each item. It’s easy to get carried away, so do it before the emotions of the holiday season kick in, and you can make better financial decisions.

Holiday shopping and spending doesn’t have to be stressful. With a little preparation, you can enjoy what the holiday season is really all about. 

Still feeling overwhelmed about your holiday budget? Check out my Planning For Peace This Holiday Season e-book. 

7 Simple Things You Can Do To Reset Your Finances This Fall

As we step into Fall, it feels like a reset of our lives and goals, personally and financially. It is almost a mini New Year’s!

A lot of us feel excited about the seasons ahead, and look to set new goals to make the rest of the year the best it can be. 

Making smart financial goals this Fall can help you to truly be successful in the months and years ahead. Check out my list below of seven simple things you can do to reset your finances this Fall.

7 Simple Things You Can Do To Reset Your Finances This Fall: 

  1. Start outlining your Fall and holiday spending now: Being proactive versus reactive is vitally important in terms of resetting your financial forecast. Whether through a spreadsheet, a whiteboard, or whatever other method feels right for you, having a clear financial picture will help to set you up for success moving forward. Planning ahead financially for Fall and holiday spending can provide you more wiggle room, so you’re not pinching pennies or struggling to catch up later.  
  2. Start saving for the holidays now: According to Investopedia, the average American spent $998 on gifts, holiday items, and other expenses last holiday season. Holiday spending seems to steadily increase every year, and the COVID-19 pandemic has resulted in prices going way up due to shortages and shipping delays. If you haven’t started putting away money for holiday expenditures, you should start now. 
  3. Start working on your 2022 budget: My favorite b-word is budget! Setting a budget helps you to limit your spending, allowing you to reach your financial goals. If you’re struggling to figure out a budget on your own, meet with me to prepare your next year’s spending plan.
  4. Reassess your current spending plan: The end of the year tends to really drain us financially, so ask yourself if there is anything you can cut back on now so that you have a little extra cushion.
  5. Curb any bad habits: Things like daily coffees and eating out tend to creep in during the summer months, so take the time now to reset any bad habits you may have picked up. 
  6. Reconnect with your money: Your prosperity is what gives you the freedom to live the lifestyle you want to. Financial stress can lead us to disconnect from the energy that is currency. Working on your relationship with your money can allow you to usher in more of it.
  7. Be thankful: Showing gratitude for the money you do have and for all that you get to do because of it, is such an important practice. Oftentimes we fall into a place of lack or poverty mentality due to current or past money issues, and it can push us into an ugly cycle that can be difficult to break. Some of this comes from the way we were raised, and our parents’ relationships and attitudes toward money. Try to adjust any negative feelings you may have toward your finances this Fall, and you will see money begin to flow more freely. 



Now is the perfect time to reset your financial story and adjust so you are prepared for the rest of the year and into the next! 

If you are seeking financial freedom and would benefit from financial coaching services, let’s schedule some time together by phone or video conference. This will allow us to get to know each other a bit, and to see if we are a good fit to work together. I’ll learn about your struggles and goals, and you’ll learn about my financial coaching program. You can schedule your 45 Minute Initial Discovery Session right now at https://pennywisecoaching.com/contact-pennywise-coaching/.

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