Nip-Tuck: I’m Changing My FINANCIAL Appearance
I’m going under the knife. That’s right! I want to look and feel like money (pun intended). It’s time to make some changes to one of the most treasured areas in my life that’s directly connected to my self-esteem and livelihood: my finances. When it comes to managing my money some reconstructive surgery is needed. In order to get the look I’m seeking, I have to snip my credit/debit cards. Okay, that’s a bit drastic, so I’ll just change the appearance inside my wallet from plastic to cash. Let me explain.
I’m guilty of overspending. It’s too easy to swipe any credit/debit card to pay for gas, groceries or dinner with the girls to e-bills, a boutique must-have—you name it. However, with each swipe, I quickly lose control of my budget. My finances begin to sag, looking sloppy and completely unattractive. For as long as I can remember, I could picture myself living in total financial bliss. I would be free from money love-handles and renewed with perky cash lifts. Fortunately, once I snapped out of my fantasy, I realized that I had the power to create my own affordable cosmetic makeover. Can your credit/debit card use some liposuction? Or does your overall wealth need a tuck, snip here and there? Let’s start prepping!
Step 1: Financial Freedom Implants. Define what perfect financial freedom looks like to you. See the beauty in your finances after recovering from abusive swiping. Decide where you want to be six to 12 months from now. Create a sketch of how this will make you look and most importantly feel. Next, make a list of all credit/debit cards along with their balances. Highlight the expenses that can be paid using cash only (e.g. gas, groceries, entertainment, etc.) and create a monthly budget (e.g. gas $350.00, groceries $200, etc.)
Step 2: Card Reduction: Want to feel really empowered? You don’t have to cut your credit/debit cards (unless you want to), but do develop the habit of removing them from your wallet and leaving them at home. Take your monthly budget that was created in Step 1. Divide each expense in a pre-labeled envelope (e.g. “gas”, “groceries,” “entertainment,” etc.) At first, this adjustment might be painful and awkward, but remember that you’re on your way to recovery. It’s part of the process to reaching your ideal financial look.
Step 3: Cash Augmentation. No card to swipe, now what? Cash is your new contoured look for your expenses. Instead of paying with plastic, you will use the designated cash in your wallet. When you fill up your gas tank, you’ll use the money allocated in your “gas” envelope. Almost immediately, you’ll notice the transformation in your money. You will be less likely to overspend, thus enhancing the overall appearance of your financial image.