Coins & Credit

Since We’re On Pause Economically, We (“Minus”) Well G-Check Our Money Mood

Great evening yall. How are you all holding up? Financially I mean. And before all the grammatical tyrants come for me, the “Minus” in my title was intentional, we’re about to do some subtracting.

Hopefully you’ve gotten your stimulus, or you’re still working and securing a bag. Maybe you’re reading this and you started a home based business, or you’re looking for something to replace lost income, but we’ll get into that in another #Allemoment blog.

Anyway, this #Allemoment is all about what we can do financially while we’re on pause. I know finances is one of the last things we all want to think about, but hey we’re already dealing with some uncomfortable things, so why not just go ahead and figure out our money mood.

Let’s take a minute and define Money Mood. It’s your spending habits or spending behavior. Shout-out to Urban Dictionary for helping me better define “Mood”, but it’s used to express that something is relatable. It implies that your whole being is one and the same with whatever you’re refering to.

For example: 2020 Mood: Financial Life Lessons, We weren’t ready, Can We Hit Restart?

When we’re talking about your money mood, it’s how you spend money, what you spend money on, how often you spend money, when and why you participate in retail therapy and consumerism. When you’re feeling good, what do you spend on? When you’re feeling bad, what do you indulge in? How do you feel without money? How are you when you’re rolling in bucks?

See, before #Covid19 we were all too busy to really take our finances seriously. Don’t get me wrong, there were plenty out there who budgeted, were conscious about their spending habits, and even their credit scores and debt, now, everyone is checking what’s in their wallet.

So, since we’re on pause, let’s talk about some things we can do:

Here Comes that “Minus” Part:

It’s time to create, re-evaluate, and amend!

👇🏾 Trust me your future bank account, the next financial emergency, and the best version of yourself will thank you! 🤗

📌 If you don’t have a BUDGET, create one. If you do, rebuild and modify it. Categorize all of those expenses and purchases. Separate the luxuries from the necessities, come on Financial freedom is empowering, do it y’all! After all the important stuff is prioritized, look for spending that you can improve on.

Seriously look at all those things you have been purchasing during Quarantine and see what you could have gone without. Have you been hitting the drive-thru too much? What about standing in line at the “Adult Beverage Counter” (You know what those are), How’s your online shopping been doing? I’ve fought and gotten over Amazon, especially when they stopped shipping and next day deliveries were extended. I had to question myself like, “Um why am I paying yall?” I did take advantage of the membership pause, as well as YMCA, but we’ll get to gyms……

📌 CUT BACK ON SPENDING. I know you’re bored out of your mind, your favorite stores are closed, so why not order online 🤷🏾‍♀️ NO! Dining and entertainment, gym membership, even your bills have been reduced drastically right now, so why not become more diligent with finding some deals THAT ARE USEFUL, drop some coins in savings or start building an emergency fund?

So the gym thing, I recently purchased a bike, a waist trainer, and eliminated a lot of the things out of my diet that I didn’t need, and I’ve been walking the neighborhoood, doing exercises daily from a mentor, and making my fitbit emoji very proud. This has made me realize, hey, maybe I can do without Planet Fitness afterall, and yes maam, I cancelled. What about you? Could you save that money every month, is that membership really a necessaity after all? This is where you start to use that “Minus” well mentality. I’ve lost weight without the membership, so I “Minus” well subtract that from my budget, and add the money I saved to my savings or emergency fund.

Now, print out your last six months of bank statements, throw on some chillhop and get busy. You’re most likely going to notice some HUGE CHANGES. Please don’t sleep on this because of WARNING 👇

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You need to free up as much money as possible, recession and hyperinflation is on the way, in case you haven’t seen the grocery store “silent income killing” yet. Eggs have went up a dollar or so here, and more is coming, pay attention, it’s happening.

📌 EVALUATE YOUR BILLS! Those stimulus checks dropped, your bills are on pause, but before you spend a dime… Did you put some up for bills? Don’t fall behind right now, use this time to figure out what’s due, what you can afford especially when job hours have been cut or list, and come up with a #financialgameplan to make sure you’ll be okay when our world hits play again!

I won’t even go into a rant over this, but I will say this, the whole mission of what I do is to help you become more financially educated and financially stable when it comes to YOUR MONEY. I can’t tell you what to do, I can only pass on to you what mentors have passed on to me, and educate you on how my husband and I operate in our household. I always used to wonder why www.jerrygoins.com was so financially savvy, well he has a Bachelors’s in Business and well, he knows what he’s doing. Our life together hasn’t had much financial strain to God be the Glory, but we’re improving it every day. That’s what we all need to be doing right now because the world is about to get crazier financially.

Eventhough realtors, landlord, the electric and other utility companies are giving us a pass, please still pay your bills if you can, and if you need help, use your stimulus, file for unemployment, create a hustle or get with me and let’s get you a home based business started so you can win this financial battle.

I always say, you’ve got to choose your hard in life, and right now life is hard, so we “minus” well get wealthy. It’s totally possible right now!

Until next time Kings & Queens…..