Choose a personal care activity? Managing your finances matters.
- Some self-care activities are fun, like taking a bubble bath or treating yourself to a glass of wine.
- But other tasks, like reviewing your finances, are necessary self-care practices.
- Tori Dunlap suggests prioritizing personal financial care by going out on a date with money.
Tori Dunlap is a finance guru and social media influencer who shares her personal finance knowledge through her brand, Her First $100K. She has helped millions of women improve their financial situation with her advice.
his podcast, financial feminist, is one of the many free educational resources it offers. In Episode 11, Tori explains why reviewing your finances is a powerful self-care practice. Find out why you should take the time to review your finances and what steps you should take.
What is Self-Care?
The episode begins with a discussion about self-care. Self-care is a popular phrase in today’s world.
Typically, when we hear about self-care, we think of more glamorous or indulgent self-care practices, like planning a day at the spa or treating ourselves to a cocktail or glass of wine.
While these types of self-care tasks can be enjoyable to do, Tori notes that these examples are more calming activities designed to make us feel better in the moment.
She goes on to explain that other self-care tasks, especially those that aren’t glamorous and can be uncomfortable, are just as important. Why? Because they may be necessary to bring about positive changes in our lives.
We need to devote time to difficult tasks that can improve our future. Examples of more difficult tasks we might do to take care of ourselves include making significant changes to our health, having difficult conversations with the people we love, and going to therapy.
Also make time for difficult self-care tasks
Another example is taking the time to regularly assess your financial situation. One way to do this is to have money dates with yourself and your finances. Tori recommends making the time to do this at least once a month.
If you are solo, you can do it alone. But if you and your partner share finances, you should be on money dates together, so you’re both on the same page.
How to take you on a date with money
Taking stock of your finances is essential. It will be difficult to make informed decisions and achieve your financial goals if you don’t. If you’re new to the idea of dating money, Tori suggests taking the following steps:
- Review your credit card statements and review your purchases. When looking at your credit card statements, check for forgotten subscriptions, errors, and ask if each purchase you’ve made is something you enjoy.
- Look at your account balances. Determine the amount of your debts and the balances of your savings, investments and checking accounts so that you know where your finances are at the moment.
- Set financial goals. Set specific and achievable financial goals so you can achieve them. You can set short and long term financial goals. Don’t be too vague and be realistic about the goals you set for yourself.
- Find ways to make positive changes. Figure out what you need to do to optimize your finances and be successful. This may mean opening a new financial account, developing better habits, or using new financial tools to your advantage.
If the thought of a financial date makes you uncomfortable, you’re not alone. Tori recommends getting creative to make the experience more enjoyable. You can have fun ordering your favorite takeout meals or feasting while you take care of your financial affairs.
Don’t ignore your finances
If you want to make changes in your life, you shouldn’t ignore your financial situation.
Being proactive and having regular money dates can help you be more successful. You will be able to see what you need to do to reach your goals faster.
It’s never too late to make positive changes that improve your financial situation. For additional tips and advice, check out our personal finance resources.
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