Your Money Makeover in 4 Easy Steps

Need to rejuvenate your financial life? Maybe it’s time for a money makeover.

Last week, I wrote about the ritual that every woman (including you) should be doing. Now, I’ll tell you that it’s not necessary to do this daily but you should at least have a periodic ritual around your money which ensures you’re meeting your goals and making impactful progress with your finances.

And if rejuvenation is what you’re looking for, a money makeover is a great way to get started.

Let’s face it {pun intended}. When you get ready to do a makeover of any kind, you must know what you want to improve (i.e makeup, hair, clothes) for the makeover to be a success, right?

Of course, you could choose to hire a professional who is paid to figure that out for you. But let’s assume you’re going the DIY (do-it-yourself) route.

You decide you’ll do a makeover on your entire physical appearance because you don’t feel as pretty as you used to. You’re not quite sure what needs to be changed but you know something’s off.

What do you do next?

Your next logical step would be to step over to your pink mirror and take a good look at yourself. You’d inspect your hair style, your clothing, your shoes, and your makeup. You’d try to understand what might make you look prettier. Right?

Once you’ve figured that out, you’ll take action and finally book your appointment with a fashion specialist, a hairstylist, or makeup consultant. And voila! After you’re done, there’s a new beautiful you on the other side of the mirror!

Well, the process is similar with your money.

Here’s how to renew your money goals with a makeover in just 4 simple steps. Let’s dive in, shall we?

1) Take a Look in the Money Mirror

You’ll do some introspection. Ask yourself: What do I want changed with my money? What’s no longer appealing about my financial life? What’s the current problem with my finances? Define the problem.
Examples:

I spend too much money buying clothes.
I pay too much in credit card fees.
I keep using my credit card when I shouldn’t

Now, I want you to document your observations in a journal or in your phone. Also write down why you want to change this. What will you lose by not changing this? What will you gain by changing it? You might need to come back to this once your makeover is done. I’ll tell you why in just a minute.

2) Book the Appointment

Or in other words, take action. If you are using your credit card when you have committed to not doing so, cut it up! Makeovers can be subtle or extreme. It’s for you to decide which route is best for you. But ultimately, if what you want to change is a bad habit, it might be best taken care of with quick, brisk, and decisive actions. Snip, snip!

3) Take It All In, Even the Strangeness

Presto! Your makeover is done. Don’t be alarmed if you feel strange. You may find yourself thinking this new makeover, “isn’t you” or that it’s not “fitting you right”.

But you know what? That’s the thing with change. Once we’ve been doing something the same way for so long, change feels weird.

That’s okay.

Allow yourself to feel this way. It’s normal. But honestly, you know deep down that change is good. And if you need conviction, go back to step 1 and remind yourself why you made the change to start with.

4) Don’t Look for Affirmation in Others

Have you ever gotten a new haircut or style that you loved but no one else liked? But yet you felt so comfortable with it. It was totally you.

With your money makeover, it’s possible that no one will give you praise for your new financial habits and goals except for you. And that’s enough. Just because others don’t see your success, it doesn’t mean that you’re on the wrong path.

Finally, you should celebrate. Making a change is always courageous. Relish in the new you. This is a makeover, ya know? Enjoy it.

I am more than sure that money success looks good on you.

Miranda Reiter,CFP® is a certified financial planner and founder of She & Money Financial Planning. 

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