As hard-working individuals, whether we’re earning a little or a lot, it often feels like our money disappears faster than we can make it. That’s why it’s crucial to establish a monthly money date with your partner. Single? This is still a really effective thing to do – book it in with yourself or an accountability buddy. This dedicated time allows you to take control of your finances and work towards your goals and dreams. Remember, most of your goals won’t happen by accident. They require a whole heap of intention and attention.
How to practically make a Monthly Money Date happen:
- Put it in your calendar – it MUST be scheduled in advance. Weekly for the first four weeks and monthly thereafter.
- Create an environment where you talk deeply – minimise distractions like looking after the kiddies and get grandma involved so you can have space to get to the heart of things.
- Make it a real date – not just for talking about finances. Maybe even get glammed up. Try to make this something you might look forward to in order to tap into the positive reinforcement of doing something helpful to your goals.
- Do it over a meal time – breakfast, lunch or dinner. The choice is yours.
- Ensure you have access to pen and paper, or notes on your mobile phone. Might even be handy to have access to a laptop, so you can see your real life figures.
- You need to set some financial goals – without them, you won’t know where you are headed or what you are working towards! If you allow yourself to dream, it is much more likely to come to fruition than if you don’t!
By setting aside time each month to review your income, expenses, and savings, you’re taking a proactive step towards financial stability. Think of it as coffee and clarity not spreadsheets and stress. During your money date, assess your progress, celebrate small victories and adjust your strategy as needed. This practice not only helps you stay on track but also builds confidence in your ability to manage your finances effectively.
Here’s a thought – think about where you were six years ago. It seems like just yesterday, right?! It’s likely that the next six will too but if you don’t make a commitment to starting today, nothing will have changed. A person can achieve so much in six short years but only if you start scheduling your Monthly Money Dates now. As quoted by Scott Pape, The Barefoot Investor, ‘Truth is, most people totally overestimate what they can achieve in one year but totally underestimate what they could do in six years.’
So, don’t let your hard-earned cash slip through your fingers or the fear of numbers hold you back. You’ve worked hard for your money and you deserve to see it work hard for you in return. Embrace the monthly money date as a powerful tool to align your spending with your values and ambitions. With consistent effort and attention, you’ll be amazed at how quickly you can turn your financial dreams into achievable goals. It’s time to take charge of your finances and commit to this empowering habit. Your future self will thank you for taking this important step towards a brighter, more secure future!
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