Everyone tells you it’s all about attracting money in — but what about managing what we already have?
I used to think that I had to get money, all the money, as much as possible. I used to fantasize about winning the lottery, which is a nasty money lesson taught to me by my grandfather. The man was devoted to few things — gambling, beer, lotto tickets, and the weekly National Enquirer. (How I grew up to be a journalist in that family is beyond me).
There’s a cacophony online of people telling you that you need more.
They sell you and idea that you can do it! You can attract more wealth! Get more! Be greedy! No “thing” is too much for you to have! Put it on your vision board! Act “as if!” Idolize money! Make your vision board/stacks of cash your screen background on your phone!
Ok, I actually do have that as my phone lock screen most days — haha. I can laugh at myself. (I just switched it to a scene of Venice, Italy, a city I really want to travel to).
Not all of those coaches would be wrong, either.
I am all about LOA and attracting abundance — but without sounding cringey or disconnected from reality. It cannot be about “getting money” all the time. That’s exhausting.
So let’s give thanks for the abundance we already have. I just uploaded a gratitude PDF worksheet to the FREE STUFF page for you.
Then let’s do something radical — let’s properly manage what we already have.
I saw a statistic recently about how most Americans live paycheck to paycheck and would be broken by a simple household expense of around $400 as they have NO money in savings.
This tells me maybe the “abundance movement” has gone a little too far into one direction — the “get money” direction. Which inevitably puts a lot of people right back into the feeling of lack, which is not the place to create abundance from. Not. At. All.
So a few basic questions today for your consideration:
Do you budget for savings? For emergency expenses?
Do you have a retirement account you put money into — and then don’t touch it?
Do you live on less than you make?
Do you have at least some change in a jar in your house? An envelope of cash under your mattress? Something?
These are the logical and basic tenets of money management you don’t often hear from those who spout LOA right and left.
Also, let me say I am a transformational life coach — NOT — a financial coach, teacher, manager, or advisor. This blog isn’t meant to give advice. What I do want you to do is think critically about the information you’re receiving.
I’ve recently made a game of saving in the past couple weeks.
I’m even keeping a savings diary. I’m heavily into my apps like Ibotta, Stash, and Ebates. I’ve been challenging myself to save as much as I can when I shop for groceries at Whole Foods — because you can now!
Did you know you can actually save money at Whole Foods?
Get an Amazon Prime membership for those Prime Member deals.
Use your Square cash card for 5% off each visit (up to $7.50 each hour)
Ibotta totally has deals at Whole Foods — I never knew until two weeks ago!
I am always looking for savings now.
I think it comes from my recent decluttering obsession in which I came face to face with all the crap I owned. I’m trying to steer myself more and more towards minimalism as time goes on. It’s been a “Kon Mari” party in my home for a while. This weekend, I got rid of even more junk I’d been “saving” because “I may need it.”
Who wants a house full of “just in case” stuff? Not me. I want to live with purpose, like I mean it.
More importantly, I want to enjoy the abundance, security, and stability of a savings account along with a retirement fund. I was a party girl in my 20s and 30s so I lost a lot of years of being able to save money. It’s never too late! Begin where you are and start saving. Nothing can make you feel more abundant daily.
So go shake those couch cushions…
Here are some money managing and saving ideas to start with — before you get into a dead end of LOA I see so many jump into:
Join Ibotta (and if your’e so inclined use my referral code: “acmsron.”) You’ll earn cash back while you shop in the app and then you can cash out or get a gift card.
Are you Doshing?
You link your cards in the Dosh app and then earn cash back when you shop at certain places. The app will tell you where to go and even has a map to help you out. For example, I can earn 4% cash back today at Dunkin Donuts! I just started and haven’t used it yet but did earn $5 just for setting up a debit card with Dosh. (Here’s my code if you’re into it: HEATHEL289).
Don’t shop without Ebates!
Ok, I hate shopping. But when it’s inevitable I go to buy shoes or clothes, I am checking my Ebates app first. For example, there’s an 8% cash back deal right now on Tarte cosmetics, Hotwire, and up to 10% cashback on Travelocity. I actually haven’t used it yet (because I really do hate shopping) but I may give it a whirl this weekend.
The Square cash app is my secret weapon.
I’ve had a Square cash card forever as I’ve been accepting payments through the service for years, ever since I started my Reiki business. Square offers “boosts,” which you have to manually switch before you swipe your card. But in addition to the 5% off at Whole Foods, there’s also $1 off at any coffee shop (which I use way too much), and they just added Door Dash for 15% off each order.
I think they key here is to remember you’re going to save a little bit here and there. There are a good number of “cash back” shopping options above.
I am also getting into my Stash app, which earns me “stock back” for my retirement fund.
It’s not a knockout punch. I earned one cent last week running my card on a $5 purchase. But you can automate your savings on Stash so you don’t have to think. Before I knew it, I had $35 in my savings.
My key move right now is to focus on saving tiny bits here and there to train myself to save more. Like any other lifestyle change, my goal is to make saving a longterm habit that I just get better at.
I’m working to eliminate and and all forms of instant gratification out of my life. What’s the antidote to instant gratification? Creating a long-term savings plan!
I know absolutely nothing about personal finance nor was I taught anything healthy about money growing up. I’m currently rehabbing that — so guess where LOA Monday is going for a little while?
We are going to start working on rehabbing negative money lessons! Part of this is because I listen to T. Harv Eker almost daily. Another part of this is I’m not the only person cleaning a negative money story. Now that I’ve been working so hard on mine, it really jumps out at me when friends say something crazy.
Next week, we are going to unpack some of those crazy things we say that we actually believe about money. They aren’t true, real, or logical. But we believe them anyway!
Want a jump start until then? Then I highly recommend T. Harv Eker’s “Secrets of the Millionaire Mind,” or Jen Sincero’s “You Are a Badass at Making Money.”