096 - The 3 S’s Of Successful Money Management
In this episode of the Mind Money Soul podcast, I’m going to be sharing the 3 s’s of financial success; survival, spending and success.
In order to be successful with your finances, you have to start with the foundations and learn how to be good at money management. If you don’t know how to manage your money, you don’t have the ability to stick to a spending plan or you don’t know where your money is going, it will be so hard to be successful and achieve your big happy goals because you have no data and no way of making a plan.
People struggle with balancing the 3 s’s. There’s no right or wrong way to answer what the right balance is. At certain points in your life you’ll be putting money towards your survival, spending or success more. The important thing is we want to be doing it consciously. Remember, your money is yours and you get to choose what you do with it. The aim is to find a healthy balance where you’re supporting what it costs to be you with freedom and ease, you’re enjoying your money in the now, all whilst working towards your financial future.
In this episode:
How to break your expenses down into 3 main categories
The different between fixed expenses and variable expenses
#1 Survival: what does it cost to be you at a basic level?
#2 Spending: what do you spend your money on to enjoy life?
#3 Success: what do you want for your financial future?
How people struggle with balancing survival, spending and success
What you should do to successfully manage your money
Resources
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Get a copy of my FREE Monthly Spending Planner Template
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