Ep 195: The Secret To Being Responsible With Money

<p><span style="font-weight: 400;">There’s a good chance that you’re not investing in your mental health, your personal development, your physical health or what’s most convenient because you believe it’s irresponsible to do so. Or maybe you do invest money in these things but you feel guilty the whole time you’re doing it! If this sounds familiar, this episode of the podcast will help you to ease some for that guilt and become better with money too!</span></p> <p><span style="font-weight: 400;">In this episode I also share a journaling exercise that’ll help you to apply what you learn in this episode and redefine what being responsible and irresponsible with money means to you. I recommend listening to the episode before you do this exercise but am also sharing it here so it’s easy for you to complete:</span></p> <ol> <li><span style="font-weight: 400;">Get a piece of paper and draw a line in the middle to create two columns. Write ‘responsible’ at the top of the left hand column and ‘irresponsible’ at the top of the right hand column.</span></li> <li><span style="font-weight: 400;">Look at your bank statement for the last month and without overthinking, categorise each expense as ‘responsible’ or ‘irresponsible’. Go with your gut instinct on this. Not sure what category to put an expense in? If you feel guilty when you spend money on it, categorise it as ‘irresponsible’. If you don’t feel guilty, categorise it as ‘responsible’.</span></li> <li><span style="font-weight: 400;">Review your lists and highlight all of the expenses that benefit your life in some way.</span></li> <li><span style="font-weight: 400;">On a new piece of paper, draw the same two columns as before. Now it’s time to take those same expenses and intentionally categorise them as ‘responsible’ or ‘irresponsible’. Note: Make sure that everything you highlight in Step 3 is included in your ‘responsible’ list as well as anything that you will be spending money on in the future. There should be very few things on your ‘irresponsible’ list and these