Podcast Summary
Detach worries and limiting beliefs from financial reality: By creating a budget and gaining clarity on income and expenses, we can transform money from a source of stress to a tool for financial stability.
Money causes anxiety for many people due to various reasons such as rising prices and stagnant income. However, it's essential to remember that our relationship with money plays a significant role in how we perceive and manage it. Kate Cocker, from the Volley network, suggests that we should first detach our worries and limiting beliefs from the reality of our financial situation. This can be achieved by creating a budget and gaining a clear understanding of our income and expenses. By doing so, we can regain control and alleviate the anxiety associated with money management. Money is a complex issue, but with mindful budgeting and a shift in perspective, we can transform it from a source of stress to a tool for financial stability.
Understanding Your Income and Expenses: Take control of your finances by identifying your income and expenses to make informed decisions and manage your money effectively.
It's important to face your financial situation head-on instead of ignoring it. The first step towards managing your money better is to have a clear understanding of your income and expenses. So, sit down with your bank account and statement, and work out where your money is going and where it's coming from. In the upcoming episodes of Everyday Positivity, we will be bringing in finance and money mindset experts to help us all manage our money in a way that feels good and okay. Remember, you're not alone in this journey. As Lady Gaga once said, "I got you." Stay tuned for more episodes on Positivity Island on Backchannel. All you have to do is ask your Amazon Echo to open Backchannel at 9 AM EST. And most importantly, believe in yourself and know that you have 100% got this.
