Financial Freedom! From Your Kids?

2012 is a transformational year. This is the year to seriously put a plan in place to become and remain debt free. When we think about debt we usually talk about things like mortgages, cars, clothes and things. We also talk about credit card debt and other types of loans. There is another type of debt we need to look at and become free from. Our kids. What! Not those little darlings we brought into the world.

This week I had an aha moment. My grown children owed me and my husband money for a variety of things. Cell phones, gas, hair. A dollar here, 30 dollars there. “I’ll pay you back mom” they say. When I ask there’s some mumbling that goes on but I never get anything. I was feeling the stress of being a bill collector. I was complaining, feeling unappreciated and wondering where I went wrong. Then my moment. I realized I love my children very much and want the very best for them. I also realized I was part of the problem. I was disabling my children’s ability to be self sufficient, responsible citizens. By not allowing my children to stand on their own and fall if they need to, I am stunting their growth as a human being. After all we didn’t we learn by our mistakes?

Which do you think is worst? Should we take care of all of our grown adult children’s needs or let them live by their decisions both good and not so good?

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“Your Journey…It’s All Connected!”

Naomi D. Jones – The Life Coach RN

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Are you an emotional spender?

How do you spend your money? 
Are you a penny pincher?  Free
spirit?  Both?  Most of us are a combination of the two.  Today’s society has promoted an” I want it
now” attitude.  Credit cards are at the
base of that attitude.  The average
American household with at least one credit card has nearly $10,700 in credit
card debt.   Cities, states and even countries are going
broke because they haven’t managed their finances.  By being able to buy what you can’t afford,
we feed the ability to not pay attention to the money we spend.  If we are not paying attention mentally then
we will be lead by our emotions.   Who is an “emotional “spender?  Basically it’s the person who is spending
money impulsively on things they don’t necessarily want or need.

 Here are 3 things
that an emotional shopper might say:

1.       I
don’t have time to look for sales.  I shop
for convenience

2.       I
have to have it!  I deserve it because…

3.       Its
Christmas (Valentine’s Day
etc) and I have to provide gifts like everyone else does.   If not, I will be a “bad” parent, friend or
family member.

Loving yourself is the emotion you need to hold on to.  Spending money carelessly is actually is
selfish.  How? You might say but I’m
buying FOR someone else!  Not myself.  I’m giving to others so how could I be
selfish?  Well if you don’t have the money
you are spending, you are not thinking of your future and maybe putting it in jeopardy
by putting yourself in debt.  You are important in this equation.

If you want to have enough money to do what you really
need and want you have to exercise discipline.  Ask yourself – Do I (or my family/ friend) need this
thing I’m going to buy or do they just want it?  Do I have the money (best way is cash) to
purchase it or am I setting myself back trying to please someone else?

Since women take a prominent role in teaching the next
generation and we are naturally somewhat emotional at times, we need to THINK
about our money not FEEL  our purchases.  The benefit of managing your money is that
you will get what you need and want and we
will help the next generation reach prosperity.

Have you made a purchase that was based on emotion that you
later thought about and regretted?  
Share your experiences so we can helpeach other.