I’m pretty sure you’ve heard about cleansing and detox. You know… that process in which a person makes lifestyle and diet changes to get rid of toxins in the body. But cleansing and detox aren’t just meant for bettering your health. It can apply to your finances as well.
If you feel like you are in a financial slump, maybe it’s time for a money do-over. A financial cleanse can help you realign your goals with your finances, get out of debt and save for the future.
Don’t know where and how to begin? Here’s how:
Change your thinking.
First things first, it all begins with a positive head-start. You need to have that desire to get rid of the “toxins” and make necessary changes. You need to see it in a positive perspective and not something that you are forcing yourself to get into. If you do, the chances of failure are high.
Write down your spending regrets.
You won’t be here reading about a financial cleanse if your financial situation is perfect. You are in some sort of a financial dilemma and through this cleanse, you are hoping to find a solution and make your situation better. Now that you’ve admitted that, it’s time to get a pen and paper and write down all your spending regrets and financial mistakes. This way, you’ll have an insight on what brought you to your current financial situation and learn from those mistakes.
Cleanse your possessions.
It’s time to do some “Spring Cleaning.” Nope, you don’t have to wait till Spring time to do it. You can start now. You need to take inventory of what you already own and remove the stuff that you are not using. This way, you get to see the items that you already own, have the most and should resist from buying.
Go on a digital cleanse.
The internet is filled with temptations – flash sales, deals and discounts. To help yourself avoid impulse shopping, unsubscribe from you favorite stores’ email newsletters and also unfollow them on social media.
Go on a fiscal fast.
End the cleanse with a fiscal fast. Don’t spend money for one week (except for emergencies or when you really have nothing to eat). This will force you to make do with items that you already have and stop making unnecessary purchases.
Hopefully, by the end of your cleanse, you’ll understand the flow of your income and expenses, realize your mistakes and become better when it comes to handling your finances.