High Income but still paycheck to paycheck? Read this!
If you’re making good money, traveling, saving, eating out … but are still terrified tolook at your finances& your Investments (THIS IS FOR YOU!)
We often think by making more money, we magically will become more educated, confident, & better with our finances.
When in reality, making more money doesn't necessarily mean you'll be any more organized, or less stressed with managing that money.
It's okay to not have it all figured out right away! But don't stay stuck.
Here are FIVE ACTIONS you can start taking this week to make sure you are getting on track.
Realize you are actually in THE BEST position to turn things around quickly! My clients who are higher income have the easiest time improving theirfinances quickly because you just have more to work with! Which means little changes like cutting some things out, paying closer attention to your spending, and investing more will make a noticeable impact right away.
Manually TRACK YOUR EXPENSES for the next two weeks. Are you getting to the end of the month and have NO IDEA where your money went? Then this step is a MUST. So much of our spending has become so unconscious. If you write down everything you spend for the next two weeks you will start to add some awareness & control back in!
Set some MONEY GOALS! When was the last time you actually made some goals around your finances? Where do you want your net worth, savings, investments, and debt to be by the end of the year? Then work backwards and see how much you need to be setting aside monthly to hit these goals.
EDUCATE YOURSELF on the basics of personal finance, such as budgeting, saving, and investing. You're finally making good money, now let's get that money working hard for you! The more you make, the more you ideally want to be investing. Log into your accounts this week and find out how much you are currently contributing each month an
Lastly, don't be afraid to ASK FOR HELP! If you're struggling with doing this on your own and need some extra guidance and accountability, there are so many amazing resources available to you. If you want to work with me, DM or email me haley@femmefinancialcoaching.com "MONEY SUPPORT" + info about you and let's get you on the right track ASAP.