{Financial Cents} How Meeting Your “Spending Self” Saves You Money

She Makes CentsJournals are great for the soul, and even better to read on down the line. They are crucial in understanding the person that you are, and the person that you are becoming. The same applies for finances. If you like buying expensive perfume when you are fighting with your boyfriend, then you must write about it vehemently, and display it in a way that will show you just how much it affects you. This way, you can align your emotional extremities up with your financial extremities, and come up with a combative plan to avoid unnecessary losses. Today I bought my first money journal, and I can’t wait to write in it daily recording…everything!
I want to show you how you can use a money journal to introduce YOU to what I like to call your “spending self.” If used properly, your journal will educate you on what motivates you to spend. It affords you the opportunity to identify your spending triggers and in turn show you ways to cut back on spending and save more money. Doesn’t that sound wonderful?

Purchase your Money Journal: This step is completely up to you. I went to Target and purchased a small MEAD spiral for a buck 50. You may be an “app” girl, or you may choose to get one of the mini composition notebooks. Either way, this is entirely your choice. However, I wouldn’t recommend spending a boatload on something that will be conserving you money!

Document your daily spending: This is the one of the most imperative parts of possessing a money journal. You absolutely must write down every single dime that you spend, and more importantly, why you spend it. This is because many women are prone to impulsive and emotional spending. This kind of spending can get very ugly, very fast. Document your spending with the intent to really understand your precise reasons for spending.

After a month, assess your records: Why do you spend?  The path to financial freedom begins once you identify the crux of your spending and how you can cut these costs. Your goal is to gain control of yourself, your impulses, and ultimately your finances. You can do this by adequately documenting and assessing the money you spend and why you spend it. After assessing your pattern, decide on your plan of action, and how you will ensure that casual expenditures do not continue to occur.

Establish and make changes accordingly: You have documented your spending for at least a month, and you realize that when you feel down, you often buy expensive jewelry. However, you have noticed that in a month you have a ton of jewelry that you do not even wear! You also notice that you are in a financial crunch and you savings are dwindling! This is an apparent problem that you must combat as the owner of a money journal.

Wash, Rinse, and Repeat: Every month, you should gain new information in your inventory that is going to show you weak areas in your spending habits. You must take action, and actively participate in implementing the tactics that will enforce financial competency. Take control of your finances; you can do it! The moment you see how much you can save, you will be so proud.

Have You Met Your Spending Self?

FACEBOOK, TWITTER, PINTEREST, RSS Feed,

Email SMC: shemakescents@gmail.com

{Causes We Support} One Day Without Shoes

Put yourself in someone else’s shoes by taking off yours!

One Day Without Shoes is TOMS’ annual day to bring global awareness to children’s health and education by going without shoes. It’s amazing the conversations that can ignite when we come together to create positive change.  I can’t wait to see all the ways people are going without shoes around the world to generate conversations about children’s health and education. Let’s get people talking.  If you are social media, use hashtag #withoutshoes

day-without-shoes

More info at www.onedaywithoutshoes.com

Leave Your Footprint!

FACEBOOK, TWITTER, PINTEREST, RSS Feed,

Email SMC: shemakescents@gmail.com

{Financial Cents} How To Make A Financial Plan

debt-free

Sometimes I need to remind myself that a goal without a plan is just a wish. Every morning I would pray for financial blessings but somehow found myself going through the motions, which was slowing my progress to my goal … Continue reading

{Financial Cents} The $849,000 Disadvantage of Being Female

The $849,000 Disadvantage for Being Female

via Braintrack.com

{Financial Cents} Is Your Way of Thinking Making You Poor?

Just as slaves born into slavery can’t visualize freedom, we Americans don’t know what it would be like to wake up to NO debt.
-
Dave Ramsey, Total Money Makeover

012512_0234_1.jpgYour alarm clock sounds, alerting you that a new day has come. You awake to find yourself owning a car without a car payment, a home without a mortgage, an education without student loans, and credit card(s) with a zero balance. How did you get to this financial freedom? Did you a) win the lottery, b) rob a bank Sugar & Spice style, or c) align your behaviors with your long-term financial goals? Well, the answer to the question depends on whom you ask.
I told a friend of mine that I was working to become debt free and she looked me right in my face and laughed. I mean laughed to the point of tears while telling me how unrealistic I was being. “Everyone has debt”, she alleged. If this were her outlook on financial freedom, I would guess that she could image a debt free life comes only as a result of a windfall. She will either rob the bank or win the lottery. I, however, understand how even the most minute  sacrifices will help me get closer to my financial goals. I have to think beyond the day-to-day and month-to-month if I want to build  generational wealth. Financial expert, Dave Ramsey adds, “We have been sold debt with such repetition […] that it’s hard for people to imagine what it would be like to have no payments”. Debt shouldn’t be the normal status quo and I am not comfortable adopting that mind-set. When the day comes when I wake up with no mortgage, no student loans, and no credit card balance, I know it will be a result of my financial plan and my commitment to it.

Is Debt Normal? Share Your Thoughts…

FACEBOOK, TWITTER, PINTEREST, RSS Feed,

Email SMC: shemakescents@gmail.com

{Kiss & Makeup} 3 Gorgeous Makeup Trends for Spring

make up for women of color

Look Good, Feel Good! My makeup kit runs the gamut of price points- from Stila to Maybelline to Chanel to ELF.  Why?  Because somewhere between my growing love for all things makeup and my seasonal makeup purge that I recommend every woman do, I have … Continue reading

{Fashion Cents} How to Dress Like a Million Bucks…on a Budget

classic trench coat

Originally posted on Chic Street Style:
I can not even tell you how many times I have been asked, “What are you’re list of must-have pieces?” “What pieces couldn’t you live without?” Well, truth be told, I don’t believe there…

{Tuesday Ramble} How Your “Lean In” Might Make You More Money

Professional Mentors

Money Talk At Work. Yay or Nay? For months, I have been researching and preparing myself to have series of what I can only call uncomfortable conversations. Surprisingly enough, I found it uncomfortable to bring up the topic of money and compensation … Continue reading

{Financial Cents} What Your Wallet Say About You?

leath_travel_wallet_7

What’s In Your Wallet?

I’ve heard it said that you can tell a lot about a women based on the style of purse she carries and the contents within. Is she well taken care of? Polished? Neat? Messy? High maintenance? Laid back? I want to take this a step further and look at the center of money- the wallet. A women’s purse may reveal a lot about her, but her wallet sheds light on what she finds important and how she spends her hard earned money. Parents my keep photographers of their children.  Entrepreneurs may carry business cards.  Me, I carry a mix of business and pleasure. Below is my emerald green Cynthia Rowley leather wallet that I bought myself for Christmas and some of the contents within.  wallets

What does your wallet say about YOU?

FACEBOOK, TWITTER, PINTEREST, RSS Feed,

Email SMC: shemakescents@gmail.com

{Friday Funnies} Our Favorite Commerical of the Week

funny commericals

It’s been a while since we posted a Friday Funny but this little girl and her impersonation of the werewolf crack me up EVERY time!!! Happy Friday Folks! FACEBOOK, TWITTER, PINTEREST, RSS Feed, Email SMC: shemakescents@gmail.com