When you think of self-care, what comes to mind? Bubble baths, meditation, maybe a good book? While these are all great ways to take care of yourself, there’s another one that you might be overlooking: financial self-care. Taking care of your finances is just as important as taking care of your mind and body. It can reduce stress, make you feel more in control, and help you build a secure and happy future. Here are some ways to get started.
First, a money check-up
Just like you’d go to the doctor for a physical, or take your car in for service, your finances need regular check-ups too. Take a little time to sit down and review your financial health. How are your savings looking? Are you keeping up with your bills? Do you have any debts that you need to focus on resolving? This is your chance to check out where you’re at and what areas might need a little extra attention.
Set financial goals that excite you
Financial goals can seem boring or overwhelming, but they don’t have to be that way. Think about what’s fun and exciting to you—maybe it’s saving for a dream vacation, buying your first home, or starting a small business. Set goals that motivate you and give you something to look forward to. Break them down into smaller, manageable steps so they feel more manageable.
Create a budget that works for you
Budgeting doesn’t have to be a chore. Think of it as a way to ensure you’re spending money on things that truly matter to you. Start by listing your income and expenses, then figure out where you can make adjustments. Don’t forget to include a little room for fun—self-care is about balance, after all. The key is to find a budget that feels right for your lifestyle, not one that feels restrictive.
Treat yourself (responsibly)
Financial self-care isn’t about depriving yourself of joy. In fact, it’s quite the opposite. Treat yourself occasionally, but do it responsibly. Maybe that means setting aside a “fun fund” where you save a little each month for something special, like a new gadget or a night out. By planning your treats, you can enjoy them guilt-free, knowing you’re still on track with your financial goals.
Automate your savings
One of the easiest ways to practice financial self-care is by automating your savings. Set up automatic transfers to your savings account so you don’t have to think about it. This way, you’re consistently putting money away without any extra effort.
Learn something new about money
Knowledge is power, especially when it comes to your finances. Make it a habit to learn something new about money management, investing, or saving. You don’t have to become a financial expert overnight, but even small bits of knowledge can make a big difference. Listen to a podcast, read a book, or follow a financial blog that resonates with you.
Celebrate your financial wins
Don’t forget to celebrate reaching your financial milestones, no matter how small they seem. Paid off a credit card? Celebrate! Reached a savings goal? Treat yourself (within your budget—think nice dinner, not Lamborghini). Recognizing your achievements can boost your confidence and make the journey to financial wellness more enjoyable.
Practice mindful spending
Mindful spending is all about being intentional with your money. Before making a purchase, ask yourself if it aligns with your values and goals. Does it bring you joy? Is it something you truly need or want? Practicing mindful spending can help you avoid impulse buys and keep your finances in check, all while ensuring that your spending reflects what’s important to you.
Build a financial self-care routine
Just like your regular self-care, your financial self-care routine should be something you look forward to. Schedule regular money check-ins, set aside time to review your budget, and plan for future goals. Making financial self-care a part of your regular routine will help you feel more in control and less stressed about your money.
