It is a new year and we all are making new resolutions, commitments, and goals. When we think about wellness we usually only think about physical health. Wellness means more than simply physical health though. Wellness is finding balance between your emotional, spiritual, physical and financial self.
I often meet with clients about finances and they end up crying, needing tissue and a hug. I often greet financial coaching clients by saying come sit in my chair (I don’t have a couch in my office). Financial discussions are often times emotionally charged. Dealing with finances can be stressful. Dealing with finances can cause arguments, divorce and sometimes even suicide.
Why is it so hard for people to get control of their finances? Overspending is usually an indication that something else is wrong. Just like there is emotional eating there is emotional shopping! I used to be one of them. The only saving grace for me was that I had sufficient income to do it and I purchased inexpensive items. I would spend because I was happy, spend because I was sad, spend because I had a good day, and spend because my day was bad. I started realizing I didn’t NEED anything. Once I decided to only spend on my needs and not my wants, regardless of my feelings, my financial situation changed!
If you want to experience change with your finances in 2016 try following these steps