Money. Some of us have a lot of it. Some of us not much.
These days there is not a lot you can get for free so having money can make a huge difference in regards to the type of life you live.
If you are a woman, then your relationship with money can be a complex and emotional thing made all the more murky by all the beliefs we have around money – it does not grow on trees, nor are we made of money and money is not the root of all evil. These things cloud our relationship with it.
Did you know that in the 21 century women still have less money than men?
We are more likely to have less of it especially if we’ve had children and in some arenas, there is still a gap between what men and women earn. There was a story in the Sydney Morning Herald last year that reported women earn 83 cents for every $1 a man earns.
Then there is our spending habits. The Australian credit card debt currently sits at around $32 billion owing – that’s an average of around $4,300 per card holder. We went crazy over Christmas 2016, borrowing an estimated $28 billion on credit cards in December 2016. That means over two-fifths of Australians return from summer holidays with credit card debt.
Talking about money makes many of us uncomfortable; like it is a dirty word, a taboo subject. I know of women in business who get so stressed if they must chase a client for money or have a conversation about what they charge for their services.
It is time to change our relationship with money. How?
- Get comfortable talking about it
Like all things that are uncomfortable, the only way to get comfortable is to do it more often. Create communities of people you can have these conversations with. Set up a MeetUp group to talk about the money and to find ways to develop strategies to overcome the areas you are uncomfortable with.
- Take control and pay attention
I know … budgeting is boring but it is essential if you want to know how, where and when you are spending your money. There is an old saying ‘what gets measured improves’. So, if you want to have a better relationship with money, it is a good idea to keep track of where it is going.
- Think abundantly
If you believe you will never have enough money, you will never have enough money. Focus what you want, not want you don’t want. Having an abundance mindset opens up a world of opportunities because your brain is on the lookout. If you keep saying what you don’t want, you will just get more of that.