Meet Your Money. Money Meetings.
You: …..
Your Mobile Banking App Notification: “Your available balance is….”
You: “What the heck did I buy now?!”
Does this sound like you or someone else you ‘know”. We have all been there a time or two + it is nothing to feel ashamed about. IF this is the only time that you check in with your money is times like this along with deposits or being swiping, we gotta change that. Like right now!
You: …..
Your Mobile Banking App Notification: “Your available balance is….”
You: “What the heck did I buy now?!”
Does this sound like you or someone else you ‘know”. We have all been there a time or two + it is nothing to feel ashamed about. IF this is the only time that you check in with your money is times like this along with deposits or being swiping, we gotta change that. Like right now!
To grow your money, you have to know your money. The same way that you tell your bae that you need to “talk”, you have to get into the same habit of doing that with your own money. The whole “money” meeting mentioned that you have been seeing all over social media, isn’t new but hella true. For you to be able to better manage your money, you have to know the motion that it is moving in.
No matter if you are a party of 5 or rolling solo on your dough, money meetings are dope to have. If you have kids, this is good for them to see you practice and implement. You can even have them do this with their piggy banks + allowance. This is just more than just looking at your budget, this is shifting the culture + narrative of your personal coints. Generational wealth happens when you know what you are working with and towards.
So, I bet you are -- so how do I have them?! Let’s run this play on the paper down real quick -
Decide upon a date and time that works best for you, your family and your money. The date/time might change depending on schedule, but for the first couple of weeks - hold them weekly. Put it in your calendar, the refrigerator - make it a priority.
Figure it out. Determine what your weekly/bi-weekly/monthly agenda will be for these meetings.
Turn it off. Like Teddy P said, but put all the distractions on pause during this paper pow wow.
Pull your statements and know your numbers. Look to see where you are currently with your currency. Grab your toolie. Know what tools you need to have for these meetings. Apps to paper print outs of bills/banking, etc.
Paper Trail. What are your financial objectives when it comes to your money? You need to know the strategy while you are building stacks.
After each meeting, look at what you were able to accomplish! Take that motion to make movement for the next meeting.
Psst - keep these under 1 hour. Why? Frustration doesn’t allow for progress. You will become annoyed only by your 1st one (or a couple after). Build your stamina to hold these.
While I love that folks are really focusing on their budgets and spending right now, I want you to to start looking at your money more often. Budget and Bae - Build An Expense (plan). Aligning with your money allows you to build accountability with your bank accounts. It is dope to have an accountability partner (spouse, kids, friends, family), but the biggest one you will ever have will be with yourself. Stay positive with doing these! It might seem like hard work at first, but it is adding chapters to the book of generational wealth you are writing for your lineage. Be proud of you for knowing your money, to help grow it. Remember, the mindset it takes for you to handle $10M will be the same it will take for you to handle $10M.
Have you tried money meetings in the past?! How have they been for you? Tell me in the comments below!