TIP: How to Create a Strong Financial Boundary

A major stress for many people in these challenging economic times is money.  How do you view money?  Do you have an easy come easy go attitude, are you a thrifty spender or are you burdened with debt? Whatever your view of money is, the following tip may be helpful to get or keep your finances in order.

TIP: Spending more than one earns is a recipe for accumulating massive debt.  Create a budget and stick to it.  Track your spending for a month so that you know where your money is going.  You may be surprised at how much you spend on coffee, snacks and non-essentials.

If you are in the habit of saving a portion of your income, congratulations and keep up the good work.

Eliminate credit cards – Create a short and long term plan to pay off outstanding credit cards. Not only will you be free from debt but you will also gain a new found sense of freedom.

About the Author:

Gladys Anderson - Life Coach, Therapist, Author

 

Gladys M. Anderson is a certified group coach, personal life coach and a licensed marriage & family therapist.  Gladys helps nurses, therapists, teachers and other caregivers establish boundaries,  build balance and create breathing space in their busy lives.

Comments

  1. Susan Robertson says:

    I love this article. The section refering to finances used to apply to me. I was head-over-heels in cc debt. My fav saying was “Charge it”. The best thing that ever happened to me was losing that piece of plastic that was controlling my life. That was my wake-up call. I do have another cc but it stays home and has a extremely low limit and is only used when cash is not accepted and unless it is clear, it is not used until it is. It is working very well and I seldom use it.

    • Hi Susan,

      When we take ‘charge’ of one life challenge, we can be more confident that we can tackle another. Thanks for your comment. I love hearing how you are taking control of your life!

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