October marks the official holiday season and I think it’s time we regroup and check ourselves as we all know between now and December, it will be a complete blurr!! A good blurr though because I absolutely LOVE this time of year! Last year of 2017, I did a Vibe the Soul series that talked about Health, Finances, Love, Peace of Mind. Feel free to revisit that series, Intro- Vibe The Soul 4 Part Series- https://thehealthysoulvibe.com/2017/11/30/vibe-the-soul-elements-4-pt-series/ for this was one of my favorite series that simply allowed me to perform a self reflection and life check.
Feel free to revisit The Vibe The Soul Series on the Finance Element:
In this series, I briefly discussed the leading cause of stress in today’s society which is lack of money management. Being debt free is a choice that you have to make to guarantee stability in your life. Whether you need to begin budgeting or or start savings account it’s time to take ownership of your finances.
During the holiday season, we tend to overspend and then regret it at the beginning of a new year. Savings are depleted. Credit Cards are at its all time high. Now is the time to double check our finances as we go into the holiday season. Perhaps you need to cut back on some old habits such as eating out or binge shopping. Managing your finances and planning accordingly so that you are not in a great amount of debt will benefit you in the long run.
- Start shopping for Christmas now. If you are the giving type, then perhaps you should start your shopping now pronto so that when December approaches, you are not spending your entire paycheck or using credit cards to pay for gifts. Or better yet, DIY your gifts! Giving is from the heart and material things are just material things.
- Have you opened up a savings account yet? If not, what are you waiting for? Revisit your finances and find ways to save so you can enjoy a little more leisure or have that emergency fund when needed.
- Paid off some debt this year? If so, pat yourself on the back! If not, it’s time to cut back on some spending and write down an effective plan to tackle that debt.
- When’s the last time you checked your credit report? Your credit report is an important factor to monitor your loans, credit cards, and all inquiries.
- Attend a financial workshop or make an appointment with a financial advisor to get tips and guidance on how to maintain your finances.
Don’t be afraid nor embarrassed to ask for financial assistance. The first step getting help. There is nothing that will bring you the greatest amount of relief than being debt free and financially in control.