Fiscal Therapy Blog
This month I’m sharing two articles on the financial struggles of the middle-class. What I appreciate most about these articles is each author’s honesty about their own money struggles and successes with money. These are healthy conversations we should be having collectively about money. I hope they lead you to thoughtfully consider where and how you’re using and stewarding your money.
This is Part 2 of our series on post-graduation financial wellness. In Part 1 we tackled goal-setting and understanding your debt and cash flow. Now we can move on to budgeting and organization. When you set goals, understand your cash flow, and prioritize your spending so that you take care of your most important goals and responsibilities first, you are in control of your money and not the other way around.
College graduates, allow me an older sister moment to impart some financial wisdom as you step off campus. Your wealth, regardless of how much or how little you have, should create opportunity and help you achieve whatever you’ve been dreaming up for yourself over the last four (or more) years. This takes a plan for how you’re going to spend and save your money. Here’s a simple road map to set you off in the right direction. I’m keeping it brief to accommodate your post-finals attention span.
Just because you can afford to buy something, should you? This is a great question and I’ve found that the answer often changes and it’s closely tied to our values. Goals and priorities shift so determining “how much is enough” is an ongoing conversation with yourself. I’m going to spend more time thinking about how we determine “how much is enough” across all categories of spending. I’d love to hear your thoughts!
Creating healthy reflections and conversations about money.
