Humans are great short term thinkers, and pretty poor long-term thinkers. We want things and we want them now. This makes things like paying down old debts, saving for the future, and cutting carbs oh-so-tough. Not paying debt and eating pasta is just...better than the alternative. At least, until a few years later when we’re cursing our younger selves and trying to repair the damage that was done.
A big part of this reason is that in essence, we’re actually of two “brains” here - an emotional (short term) brain, and a logical (long-term) brain. As one author of a study on economic behavior said, “Our emotional brain wants to max out the credit card, order dessert and smoke a cigarette. Our logical brain knows we should save for retirement, go for a jog and quit smoking.” Even the most logical among us has felt this tug, and it’s telling to know that we’re really hardwired to respond to short-term stimuli. Flashing lights, great sales, oncoming tigers.
As you start to work on your finances, you’ll probably find that it’s a lot more work than you thought. There’s a lot more nuance, there are a lot of decisions. There’s a lot to learn. (That’s where I come in).
On top of that, whenever you start to work on your money, a lot of feelings come up. Confusion. Overwhelm. Anger. Fear. Shame.
What’s the point of having big, overarching financial goals? They’re so hard to achieve! And so tough to stay motivated to reach. How do you stay motivated to do the day-to-day work on something when the result is years away?
Get out your shovels, because we’re digging in deep here.
If you want to know how to get started using YNAB, you’re in the right place! I’ve been using YNAB for over a decade and teaching other people how to use it for several years. YNAB is my jam. I love walking people through it, step by step, so that they not only learn how and why to use this magical, life changing money management tool, but also how to make it fit their actual life.
I’ve had a lot of folks asking recently how, exactly, to do their own bookkeeping. It seems so overwhelming! There are a lot of systems out there, there’s a lot of fear of screwing it up, and, well...you’re not a bookkeeper! How are you supposed to know what to do?
For whatever reason, you’ve decided that it’s not time to hire a bookkeeper (yet). Maybe your business is too new, too small, money’s too tight, or you want to make sure you understand how things work so you can oversee a contractor. All good reasons!
You’ve probably heard that most New Year’s resolutions fail. I’m betting you don’t need a scientist to tell you that, if you’ve ever set one yourself. So how do you improve the odds? Here are some research backed tips to making this year one in which you move ever closer to your ideal self.
If you’ve been working hard on your business, planning next year’s goals, brainstorming your content, and figuring out how much time you can take off for the holidays and then BAM realized you need to deal with getting your business’s books ready for your tax accountant - you’re not alone!
It can be very overwhelming to think about what, exactly, you need to do to get your tax documents ready, so I’ve written this guide for you.
We’ve all got areas of our spending that just seem like black holes. You know the ones - the parts of our budget that you can never seem to get under control, that start to suck in all the money around them, until whoops, you’re out of money again (or - whoops, the credit card bill this month has its own gravitational pull). What even happened there, anyway?
Let’s talk about the most common ones I see with my clients, and what, exactly, to do with them so they stop ruining the rest of your finances.
One of the first things I ask people to do when they begin working with me is to document all of their expenses - what they spend money on, how much, how often, that sort of thing. What day is the car payment deducted, how much do you really spend on groceries, how much do you spend on the holidays?
Oof. That last one is a doozy, isn’t it? At least with the groceries, you can look back over the last few months and come up with a number, but then there’s things like the holidays that are a little more...vague.