You’re probably thinking there’s no way just being confident is going to reduce my bills…and you would be correct. 

You’ll have to take action steps with this confident attitude, which I’m going to share with you today.

So, let’s start here.

What is confidence?

confidence – a feeling of self-assurance arising from one’s appreciation of one’s own abilities or qualities

Why do you need confidence when trying to lower your expenses?

Well, number 1, we have to actually ask. If you won’t ask, guess what? It’ll never happen. So, just ask.

Number 2, if you don’t believe your bill should be lower, neither will the person you’re talking to.

So, how can you lower your bills with confidence?

Here are a few options.

Ask for a lower interest rate on your credit card

Look, creditors want their money back. If you’ve been a good customer, paid on time, and not missed your payment, the likelihood that they’ll say yes is high. 

Just call your credit card company up, ask them if you qualify for a lower rate. If they won’t give you a lower rate, shop for a zero interest balance transfer card. You can transfer your balance to one with no interest charge for up to 18 months. This will save you tons of money.

Ask for lower payments on your (student) loans

Call your student loan originator and ask to lower your payments based on need. They usually will do income-based payments so that they get paid. They would rather get paid something than nothing. It will take you longer to pay off if you lower payments, FYI.

Ask if you can pay it off in full for a big discount

This is most useful for medical bills. Let’s say you had to be hospitalized or had a baby and have a chunk of money to pay back. If you were to have the cash readily available, you can call and ask for a 30-50% discount to pay in full today. They won’t always do it or may come back at you with a smaller discount. It will save you money in the long run!

Ask for a downgrade on monthly utilities

Cable is the first one that comes to mind here. Cut that cable bill down. I usually call when I notice mine has crept up and ask what kind of promos they have to offer me for a lower rate. Sometimes it’s cheaper to get a package than it is to just get one thing, like internet.

Another area you can downgrade is your cell phone bill. With all the competition these days, it’s easy to find the best deal. If your current carrier won’t lower your payment, then go to another carrier with a better deal.

I don’t want to leave this last one out, but you will have to check what’s available in your area. Here in Tennessee, the electric company offers a payment plan so that in hot summers and cold winters you don’t get hit with an outlandish bill you weren’t prepared for. So, you will pay a little more in the spring and fall that you use but it keeps you from having to pay double or triple in the extreme temps.

 

If you want more information on how to pay less each month and make more money, check out my latest podcast episode here: https://anchor.fm/s/4f47758/podcast/rss

 

Go out there and change your money story!

 

*Disclaimer: This information should not be used in the place of speaking directly with a professional. These are my opinions and are not to be taken as advice without consulting a professional about your specific situation.

You’re probably asking, what do self-care and money have to do with each other?

 

First let’s start with defining self-care, which according to Miriam-Webster is care for one’s self. 

 

I would argue that it’s much more than that…

It’s identifying your own needs (mentally, physically, emotionally) and meeting them with a daily practice.

It’s taking time to nurture yourself – body, mind, and spirit.

It’s addressing anything that is affecting your health.

 

So, what does that look like?

It could be a daily walk, an evening bubble bath, eating more nourishing foods, talking with a good friend, napping, or practicing yoga…sometimes it’s as simple as brushing your hair when you don’t even feel like getting out of bed.

 

How Money Can Affect Your Health

You may not realize how stressed money makes you feel. You may be in complete denial and think if you don’t look at it, it can’t and won’t hurt you. You probably avoid checking your accounts and just make payments to satisfy the bills. 

Worry over debt or expenses doesn’t have to be. We can experience amazing amounts of anxiety over our money. We worry we will never pay off all of our debt. We don’t see the end in sight.

We worry we won’t have enough money next month if we don’t get any new clients. We don’t know how to bridge the gap between having too little and having too much. And when we get too much we automatically go out and spend it, uncomfortable with excess.

 Inversely, we feel happy when we can pay our bills on time with more left over at the end of each month. When you can start looking at your money and debt without judgment then you can start to ease that anxiety and overwhelm. 

 

Money Self-Care Practices You Can Start Doing Today

  • Track your income, spending, and savings (monthly)
  • Save for emergencies, consciously evaluate spending (rather than mindlessly shopping)
  • Show yourself some grace – stop the negative self-talk (“I’m not good with money.”) Instead reframe it as “I’m excited to feel more in tune with my money!”
  • Dance it out when you get an unexpected deposit or check in the mail  – Get Excited!
  • Light some candles and play some calming music when checking your finances or paying bills online (whatever makes you feel relaxed and can ease the overwhelm)
  • Celebrate small victories, like paying off that credit card balance or saving on groceries this week

 

Why You Need To Practice Self-Care around Money

  • You’ll have more control over your life and line up with your values (It won’t seem so unmanageable/overwhelming.)
  • It’ll help you raise your self-esteem and confidence, give you a sense of security, and strengthen your intimate relationships.
  • Maybe most important when you take care of yourself to attract more money and abundance into your life.

If you want a more in-depth look at this, check out this podcast episode -> https://itunes.apple.com/us/podcast/009-how-to-make-money-part-of-your-self-care-routine/id1358026396?i=1000410197798&mt=2 

 

How do you check on your money?

 

Has this ever happened to you? 

You have the best of intentions. A big goal all planned out. You start the day off with these plans and try to keep them in the back of your mind all day…but then when it comes to actually doing them, you put it off until after lunch. Then, until after work. Aaannnd, you put it off until after dinner. Until you realize it’s bedtime and you haven’t done anything on your to-do list. Ugh, now you cant’ sleep because you’re anxious about all the things you didn’t do.

Don’t worry. You’re not the only one! I promise. A lot of people have been there. Me, for one. 

Here’s the good news: It doesn’t have to be this way. Here are some things that have worked for me.

1. Make a to-do list. Don’t just try to keep it in your head. You will forget something. You can use an app or good ol’ pen and paper. I like the Anote app and Asana (but that’s more for businesses).  

2. Start with the thing you want to do the least. I knooowww, sucks, right? Well, I read/listened to a book called

Eat That Frog!

The gist of the book is if you eat a live frog the first thing in the morning everything else is gonna be a piece of cake. It comes from the Mark Twain quote at the bottom of this email. Do the hard things first. It will be so. much. easier. to do the rest.


3. Check things off as you go. As you cross those tasks off, your brain gets a little hit of dopamine (the “feel-good chemical.”) It makes you feel accomplished and motivates you to do more!

4. If you are working towards a larger goal, make it a habit. Set a certain time of day you do what you need to do. Non-morning people *raises hand* don’t want to hear this, but getting up 30 minutes to an hour earlier can make a huge difference in your daily productivity, especially if you are up before everyone else in your house!

These are just a few of the ways I’ve discovered to be more productive in my day. Are any of these new to you? I’d love to hear your favorite tip! Leave me a comment to let me know.


P.S. Have you joined the Set Your Soul Free FB community yet? If not, what are you waiting for? Get on in there!