Helping Nurses "Live Smarter Not Harder" by Balancing the Mind, Body, Soul and Spirit

With all this talk about the impending national debt
default, it brings up so many financial questions in our own lives.  Our personal finances are reflected in the
way our cities, states, federal and countries operate theirs.  We’re spending too much, saving too little,
giving away money without regard to its return. Our personal finances are in
disarray. We feel like we’re working for nothing, living from paycheck to
paycheck and robbing Peter to pay Paul. 
Our children are coming back home sometimes because they can’t make it.  What are we to do?  We all need to look at the future as well as
the present when we organize our finances.

As a coach, I want to help people get their
personal finances organized and profitable. Having your finances together will
relieve stress, enhance relationships with our spouses, children, and friends
and help create purpose in our careers.  Many
great changes in history have started from ground up! Why can’t our
finances?  Let’s look at some ways we can
start to recapture our sanity in relationship to our money.

There is no shame in not having a lot of money. When you carry the
shame it zaps your energy. Makes you feel like depressed.  Makes you want to spend money like you
perceive others do without consequence.  This then becomes a vicious cycle. 
I’m a sucker for a sale. But do I need it or do I just want

Most baby boomers grew up knowing their parents may not have been able to “give” them everything. So what we did was PLAN on taking care of ourselves. We knew there may be no help around.

Part of a plan is to
  1. Create a Livable budget.
    Livable is the key. Don’t be so strict you can’t follow it.
  2. Distinguish between ‘needs’
    and ‘wants’.  Sprinkle your budget
    with reasonable wants. 
  3. Track your spending.  You would be amazed at how much money is
    ‘wasted’.  Those cups of coffee and
    bagels everyday can add up.

There are many other things we can do which I will cover in
future blogs. What makes your budget “Livable?”

Comments on: "What’s going on with your money?" (6)

  1. The ability to take a vacation and not have to work during summer months makes my budget livable. Do you have any suggestions on increasing savings through lowering extra costs? How do you find and eliminate overspending at its source?

  2. Thanks anonymous for your comment. Lowering costs is the first thing you need to do to increase savings. Look in areas like food shopping (use coupons, read circulars, try store brands.) Utilities-(check with different companies on rates, turn off lightand and electronics when not in the room etc. The first thing is to assess each area of spending, one at a time and research ways to save in that area.

  3. Anonymous, Also check my blog Vacation on a shoestring budget on August 9, 2011 for some other saving tips! Thanks!

  4. I have found out for me it works well when I put 100 dollars in my W4 to the fed gov. at tax return time I receive all that money back in my return. I would never go put 200 dollars a month in savings, and the interest today is not even worth it – I guess giving a helping hand to the gov during the year- allows me to have a lump sum of money in the end of the winter to plan for vacation, and buy necessary things for the house, and still able to put money in a CD from the tax return. I cant do coupons,I do buy generic but is there something "easy" i can do to decrease cost and increase savings- baby boomer here must think of retirement. 🙂 L. David RN

  5. I tracked my spending for 30 days. It was amazing to see just how much money I wasted each month. Sometimes the visual is worth the extra time.

  6. @L David. I never thought about using the government as a savings account. Definately something to consider. @cc, Most people do not want to take the time to track their spending but as you said its a big eye opener!

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