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You Know What Time It Is

Well, we crossed that invisible line this week. That line that divides The Holidays from The Rest of the Year. November begins the season of spending. We have Thanksgiving which means, perhaps, travel for us and our family or inbound travelers staying with us. What it means regardless is more money spent on these seasonal things like trips and extra food and more wine. That is quickly followed by the gift-giving season. It all amounts to budget-busters unless you stop, take a breath, and make a plan.

Here is your quick and easy template to stay on top of your spending so that you enter 2017 large and in-charge of your checkbook!

 

Why Am I Spending? Comments Last Year I Spent This Year I Plan to Spend
Holiday Travel      
Extra Meals      
Thanksgiving Dinner      
Holiday Cards (and postage)      
Gifts: (list each person)      
       
       
       
   Total      

 

Fill this out (excel would be best so that it can do the math for you) and consider what you did last year, how much that cost, and what you are planning for this year.

Consider the enjoyment that you get from this. If you love it and consider it priceless, then you are doing the right thing to allocate funds toward it. If you are anything less than ecstatic, think about what you could do instead. If you hate traveling to a relative’s house, could you have them come to you instead? Could you put in a plan to alternate going forward?

Gifts are important so I encourage you to be mindful about who, what, and how much. Can you give something that is very thoughtful, very personal, and inexpensive? What talents do you have that others would love to experience? Yes, this takes time to think and plan and create AND that’s why you are going through this exercise now….

You are in charge of your wallet, your plans, your gift-giving, and your holiday experience. Start now and make sure that you can afford the plan, that the plan lines up with what is truly important for you to experience this holiday season, and that you come out the other side without a big, fat credit card bill!

To your financial (and holiday) success,

Tana

What’s Your Dragon?

As you have probably guessed if you have read many of my blog posts, I love quotes. Love, love, love quotes. The right quote can hit you right between the eyes, pierce your heart, or stoke your internal fires. Here’s one that I love from The Best of Success:

Overcoming the negative is the price of achievement – the price of greatness.

In a world where “the negative” sells, this is a very applicable quote! All around us (and within us), we see and hear the negative. Right about now is when the credit card bills from the holidays may be rolling in. The tax return documents are showing up in the mail box. The luster of our New Year’s resolutions is getting a bit faded and our jeans may still be a little too tight from those holiday indulgences. Bluck!

Ah, but now the gauntlet has been thrown down – overcoming those negatives is the price of greatness! Wow. Greatness! I can achieve anything; aspire to greatness if I just hack my way through the grit and grime of all that negative.

Where is your financial negative? Is it the credit card bills or the thought of slogging through the tax return? Is it getting your financial life organized or devising a plan to fund that IRA by April? Is it figuring out how (finally) to get your 401k invested? Whatever it is, see that as the dragon that you and you alone can slay. We all love the hero’s journey so paint yourself the hero of your own financial journey. See that negative as the dragon standing between you and your financial greatness.

You get to write the story of how you overcame that dragon, stood tall in the face of fear, uncertainty, and negativity, and came out victorious on the other side. Yes, it’s just a tax return, but that isn’t what’s important about the story; what’s important is that it was your personal dragon and you fought through and found achievement and greatness in this moment.

For this week, when you see negative, picture the dragon and then see yourself, sword in hand, fighting through it, overcoming it, and standing in your greatness.

To your financial GREATNESS!

Want to know about Tana?

visit  www. graduatesguidetomoney.com

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