Financial #selfcare

There is such an intense focus on our mental & physical #wellness and #selfcare in the world at the moment - I totally support this. Nutrition, relaxation, exercise, sleep and indulgences are all common denominators in the #selfcare and #wellness world.

Tick, tick, tick - love them all and engage in them all myself. I personally like to add retail therapy and wine-tasting to my stress & relaxation techniques!

But let's be honest, taking care of yourself can be expensive. Surplus cash is crucial to business survival, so learning when we've overspent and how to stay within our budget / spendling limits (there I said it!) is absolutely crucial when we are engaging and committing to our #wellness and #selfcare goals .

This is not the place for me to share all my personal trials and tribulations that validate this Blog, but like most of us, my journey so far has had incredibly challenging times that as a child, as a romantic teenager and as a young wife & mother I would never ever have imagined I would face let alone survive!

So let's chat about why taking care of your finances, in my opinion, is also an act of #selfcare and one of the greatest acts of #wellness you can do for yourself.

Below I've listed my top 5 financial acts of #wellness that contribtued to our financial survivial when it was attacked. They are choices all of us can make that will contribute to financial survival. It's exactly the same as the options you have to take care of your physical body; exercise, nutrition, sleep etc. We all know and understand that taking care of our physical body positively contributes to our physical ability to fight disease. Well our #financialselfcare is no different, it helps us survive our financial challenges & attacks..

Here are my top 5 financial acts of #wellness.

Number 1 - Assets. Get some assets as soon as possible! We bought a house as soon as we could.. This was single handedly one of the best choices we made. We owned our first house for 12 years and it grew in value immensely, more than we could ever save - Equity is gold!

Number 2 - Insurance. When we both started our own business's, we asked for advice and we also listened. We took out as much insurance as we could afford! Life, trauma, personal income, private health, house & contents, motor vehicle, public liability, ,professional indemnity etc.. Did it and does it still cost an arm and a leg, hell yes! Did it save our a**, it sure did!

Number 3 - Superannuation. Even when technically and legally speaking, we don't have too contribute to our superannuation in our current trading structures - we did. Think of it like savings. The best type, because you can't actually access it.

Number 4 - Budget. I think apart from the word #tax, #budget would have to be one of the most hated topics in the financial world. As soon as people are asked if they have a budget, their eyes roll! You need to know your spending limits. If you don't know how to determine this, there is an immense amount of us in the financial world that can provide this service to you. Invest in knowing your limits. there is no point spending all this money on your physical and mental health if your bank account can't cope - you'll break the bank baby!

Number 5 - Knowledge. Understand your finances. If you need help to understand your Profit & Loss, your Balance Sheet, your Budget - then ask for it. If you don't know how your finances are tracking, if you don't know if your goals are achievable, get some advice. How many times have we been told there is no point squatting if you are not doing it right! Your money is no different.

I am such a big believer that financial #selfcare is just as important as taking care of yourself physically & mentally.

Until next time.

Suzi G.