CREATING A FINANCIAL PLAN

Good morning.

Happy Tuesday.

Today’s post is an interesting one. As you all know, I’ve made goals for myself for the month of October. If you haven’t read it yet, you can check out the post by clicking here. Well, one of my goals is a goal that I’ve been struggling with the past few years, and that is being in charge of my finances. During my mid-twenties, Mom helped me with my financial plan and I was able to get my first apartment, as well as nice furniture. At this point, I did not indulge in the world of online shopping.

Then the year of 2018 changed my life…

It started with Vera Bradley, which then transferred to Amazon, and then it spilled into my current apartment. I was treating myself every so often, but it got to the point where I wouldn’t realize where most of my money was going. Thank you statements, you revealed to me the ugly truth. Also, I’ll be thirty this year, and I told myself at the beginning of 2020 that I wasn’t going to bring my financial burdens into my thirties. So today’s post is all about creating a financial plan.

WRITE DOWN YOUR PROBLEMS
The first thing you’ll want to do is create a brain dump or mind map of the things that you buy. Anything that comes to your mind at that moment, write it down on paper. If you know the price, write it down. I’ll use myself as an example. For majority of September, and most of this year, I’ve spent money on Amazon and UberEats. I can only imagine what my yearly statement is going to be like, but we’re not going to worry about that right now. Once I did that, I was able to work on the next step which is to create a budget.

CREATE A BUDGET
Next, you’ll want to write out a budget for yourself. To start, I wrote down what I would use my money towards (WISE SPENDING), and what I would stop spending. For instance, for food over the past few months, I’ve been cooking my meals now that I’m being more disciplined with my health. If I’m out with Mom, and we do go out to eat, I’ll use cash instead of my card. Now, I buy enough groceries to last me for majority of the month. I’m more of the healthy eater than Dad at the moment, so if I’m hungry, I’ll get up and cook myself something to eat. I won’t go too much into detail with this part because I think most of us know how to create a budget. If you’re unsure, do your research to figure out how you want to approach it.

READ A FINANCE BOOK
I read articles saying that it is important to familiarize yourself with the area of finances. Growing up, I really didn’t learn much about managing money until I got into early adulthood. Honestly, I’m still learning, but I want to be more disciplined in this area of my life so that I don’t mess things up for myself in the future. So, I got myself a few financial books to learn how to take care of my finances. Also, I’ll read the Word to see what the scriptures say about finances to help guide me in the right direction.

Ok you all. I hope these steps helped you. Again, I’m learning more about myself and trying to become a better version of myself and break away from old habits. I’ll check in with you all later with another post!

Until next time…

❤️

MONTHLY REFLECTIONS: AUG. 2020

Good evening

Hope everyone is enjoying this Sunday. Just wanted to share today’s Verse of the Day as well as what my goals are for the new month.

So what will August have in store for me?

PHYSICAL HEALTH 💪🏾- Dad and I are starting our week off right, and taking time during the week to workout together. Mom said she’ll still come over so we can all workout together. Still researching to see what’s the ideal weight for me after I reach 200 pounds. Project Road to 200 starts now.

MENTAL HEALTH 🧘🏾‍♀️- I’m improving on taking time to listen to my body. But August, I want to work on checking my emotions. Through journaling and writing, I think I’ll be able to have a better understanding of why certain triggers occur or why do I find myself stuck in a never-ending cycle. It’s time for me to really start the healing process.

BLOGGING 💻- I’m proud of myself for sticking with my blogging. Currently planning and creating content, all while taking in special notes from my current class. I’m acing this class at the end of this week. “The Gabby Diaries” is still going strong, let’s keep it up!

FINANCIAL 💰- NO SPENDING CHALLENGE has started. Only buy what I need, not what I want. Ultimate goal is to create an emergency fund for a rainy day, or a tropical storm. Plus, it’s better to learn how to live on less and save more right?

CREATIVE PROJECTS 🎨- Blogging was the start of it, but 2020 is still a year of learning and improving on my crafts. I love art and I love learning new things. So August, I’ve got some projects I want to share with you. More to come on “The Gabby Diaries.”

Well, that’s what August looks like for me. So let me take some time to take care of myself and prepare for all the wonderful things I have in store.

Until next time …

❤️