Most women I know are pretty excited to show off a new purchase – the fabulous new handbag, a great new pair of shoes, a piece of jewellery or that amazing dress – but when it comes to sharing our true financial status – that’s something that rarely gets a mention!
Being honest about what we have or don’t have, is part of cleaning up our financial lives.
If there’s levels of personal debt that we’re uncomfortable with, it’s not often we speak of it, Shame tends to come in first place. When we’re invited out, we’d rather not tell someone we can’t afford that particular restaurant or outing. At times, our need to fit in is greater than our financial circumstances, and so we lie both to others and ourselves and go anyway, placing ourselves further into debt.
It’s time to own what is the truth. There’s nothing embarrassing about saying, “I’ve put myself on a budget these days, I want to save for a holiday and I’m watching what I spend.”
Have you even got a goal to work on that’s more important than your immediate want to spend? It’s much easier to say, “I’ve got a trip to Europe lined up, so I don’t want to spend that kind of money.” “I’m paying off the credit card…” “I’m trying to get the mortgage down…”
The story we often tell ourselves, is that ‘we can’t afford it.’
It’s actually all about how you choose to spend money. Your friends are highly likely to respect you more and some may even start watching where their money is going too.
You might just start a savings revolution amongst your buddies! Why not give it a shot?