Money Musings 💭cue the Friends theme song 🎧
A couple months back, many of you shared feedback on our Money Musing via a survey which led to our new and improved version. Thank you! I’m personally obsessed with it and we couldn’t have done it without you. 🙏
Something that was mentioned in over 70% of your responses was accountability. You want more accountability around your money. And it makes complete sense. We can have the best of intentions, know what we should do, and still see the days come and go without taking any action (or as much action as we’d like!).
I’ve seen the power of accountability with my clients who often do their homework right before our calls because they know they have to face me (😂 but it’s true!). I saw it in my original 30-Day Money Cleanse community who took the program together, and we saw their results skyrocket (shoutout [megaphone emoji] to my Money Cleanse OG’s!).
I personally use accountability every time I want to build a new habit. This year I wanted to start meditating so I got a meditation buddy. We text each other every time we meditate. Some days, when I don’t feel like meditating, I only do, so I can text him. 😂 It really works!
All that being said, I know how important accountability is and I want to offer it to you. I’m launching a Fiscal Femme Accountability Community and would love to have you join as founding members (oh hey 👋… discount 🎉).
We’re going to start simple - accountability around a ‘Money Move of the Week’ (because consistent action leads to big results) as well as monthly Money Mastermind calls with yours truly. 🤗 But I’m building this for you, so it will evolve and grow based on your feedback.
Money Move of the Week
Add the numbers to our expense list. Last week, we listed out each of our expense categories. If you completed this money move, good work! If not, you can tackle that this week! Our next step in this four part major money move is to put numbers to our list. Think about your next 12 months and determine how much you plan to spend in each of these categories. Sometimes it makes the most sense to go week by week (i.e. groceries + dining out) and for other expenses, month by month (i.e. rent/mortgage + bills). Other expenses are one-time things (i.e. travel + holiday spending). To make it easier, I made this tool for you! It also includes video tutorials to walk you through step-by-step.
You Gotta See This
Melinda Gates announced she is committing $1 billion to gender equality over the next ten years. You can read her full statement here. Why? "In 2018, there were more men named James running Fortune 500 companies than there were women. This year, only one CEO on that list of 500 is a woman of color." Melinda "want[s] to see more women in the position to make decisions, control resources, and shape policies and perspectives." YES! She finishes by saying "We are right to be outraged. But we’re also right to be optimistic. Americans are no longer willing to accept the glacial pace of change—and I feel lucky to be alive at a time when we no longer have to." Let’s do this, Melinda!