The first step in dealing with finances and which I know I struggle with is overcoming the negative thinking…
“I can’t do this, it’s too overwhelming”, “I don’t make enough”, “I’m not smart enough”, “Financial security is out of my reach”…
These are just some of the things I know I’ve struggled with and although sometimes these are true statements, don’t let them stop you. What I’ve come to realize is that finances is hard for everyone, but especially important for us with Chronic Illnesses. Which is why I’m going to share what I try to do… and by no means am I successful at this 100% of the time. In fact I probably fail and get set backs most of the time but I still work on it.
Most of handling your finances is educating yourself on the financial system, basic skills like budgeting and remembering to “pay yourself first”… which Is where I struggle the most. You are smart enough and you will eventually get to a spot where you feel like you are in control. If you’re like me there’s so much that you don’t have control over that finances can be a place where you can assert a bit of control over. Now that doesn’t mean you aren’t going to need help, because I still do and a lot of us are adult dependants.
It starts with positive thinking
1. You can do this!
2. Spend less than you earn (this is hard sometimes for us because of our medical bills or lack of income)
3. Pay yourself First (saving saving saving! If you start out like this it will help make the parts where your income is low or non existent easier to navigate)
Banish these negative statements:
1. I don’t have time
Make it a priority it will save you some stress later on trust me! and it’s not that time consuming.
2. I’m not smart enough
Yes you are! Get curious read about it, the basics aren’t that hard. I suggest reading the Wealthy Barber by David Chilton. It’s an easy read and I always brush it off when I’m feeling overwhelmed. He has a style of writing that will help you trust me.
3. My spouse, or parents will take care of me
Although that might be true in the short term, they may not always be in a position to help you. Having the basic skills will ease the financial stress. Work with them and use them as a support team, but try as much as possible to educate yourself and prepare for the day when they may not be around to help.
I hope this helps? Anyways I’ll try to get some more posts with some financial tips and tricks. Surround yourself with your support system and have discussions with them, have a plan, and educate yourself.