Well ask yourself these basic questions
- – Is your time important to you and your family?
- – Does reducing the anxiety about your business future matter to you?
- -Would you like to know what profits you are making now?
- – Is making Money in your business important to you?
- – Does the idea of knowing what your future bank balance will look like sound good?
Don’t be like the rabbit that’s stuck in the headlights. Get to grips with and strengthen your money mindset.
Do you struggle with your mental health and money?
You’re not alone. Millions of people are struggling with their mental health and money, but it doesn’t have to be that way. There is a solution!
It’s not an uncommon feeling to feel overwhelmed by debt, anxiety, depression, and the stress of everyday life. Things become much calmer when you take control of your finances and start taking care of yourself.
And while there are many reasons for this anxiety, one thing is certain – financial stress has a direct impact on your mental health and well-being.
In this article I am going to share three tips to help you.
Moreover, this will improve your sense of wellbeing and improve your attitude to money.
- – First Tip : Your own behaviours and attitudes.
- – Second Tip : B is for budgeting, what some people dread but it will help restore calm, certainty, and control into your life
- – Third Tip: Buying when you are not 10% and shiny bauble syndrome
Moreover, if you ever find yourself worrying about money you’re not alone. In fact, it’s estimated that many adults worry about their finances at least some of the time.
Your mental health and money
Your mental health and wellbeing have a direct impact on how you handle money in your business and in the same breath, worrying about money has a direct impact on your mental health.
Tip number one, be aware of what your own behaviours and attitudes are.
Money and attitudes to money are shaped by many things. Our family background, our social environment, our circumstances, the circles in which we make. We cannot change what goes on in the world, but we can certainly change how we react and behave towards those circumstances. This is within your capability to influence and change.
What’s important to understand is your attitudes, your behaviours, the trigger points to get an insight and understand your emotions. What is your emotion when it comes to paying your bills? Chasing up your customers so you can get paid. Sending out invoices to your customers, your mood and emotion to how money is handled in general in your business.
Does it make you feel angry? Does it make you feel sad? Does it make you feel weak? Does it make you feel frustrated? Does it give you delight? Does it give you a sense of empowerment? Having an awareness of what those emotions are, makes it much easier to handle and come up with strategies and tools to cope with it.
What’s behind causing us to have these potentially dysfunctional relationships with money and our health can help us identify a route map. This is not just analysis for the sake of it, but it helps you identify what triggers, those anxieties, those things you want to improve.
Tip number two, confront and deal with the dreaded B word, budgeting!. Many people get anxious over money because of the uncertainty of what the future holds for them. You might be uncertain about whether you have made enough money, where you can take a holiday, whether you can expand your business and you’re uncertain of the cost, whether you can afford to bring in extra resources to actually help you with that workload, putting yourself in control of your finance is dealing with that dreaded B word.
Your budget is really your future financial route map. It’s the route map to your Northern Star, it gives you power and control as you sit in the driver’s seat of your business – you are looking more through the windscreen not so much the rear view mirror.
Once you have more certainty of what lies ahead, the life becomes a much calmer place. You will know what your business can afford to spend it.
Money can be allocated to give yourself a holiday, have recharge time for you and your family and bring those resources to lift the burden of running your business
Tip number three, avoid spending when you’re not feeling well, just like you shouldn’t shop. when you’re hungry. When you’re feeling under the weather, stressed, or unwell, avoid making financial decisions.
Avoid that shiny ball syndrome. Those impulse purchases that many of us succumb to What you’re going spend. You may believe at that moment that what you’re buying is the solution that you need to solve those problems in your business and in your life. Now, if you are an impulse buyer, if you are somebody who shops without necessarily needing that, then there were things that you could do.
You could give yourself a limit on your credit card. You can do the Amazon approach says you use Amazon or an equivalent to buy your purchases, put them in your shopping cart, leave them in the shopping cart, but do not press checkout. Departs. Come back to it. Ideally 24 hours, 48 hours later, relook at the shopping cart and your mood and emotion may have changed.
You may be in that situation that you start emptying that shopping cart. If you do decide to you still need those items, then go for checkout. Tip number four is to deal with your own health and wellbeing, the physical, as well as the cerebral. It’s very easy to get stressed in a business situation. It’s very easy to get anxious.
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