Stop Trying to Be a Baller
This is for both the guys and the ladies! If you’ve read my articles over the past seven months, you probably see a pattern which is to spend less, know where the deals are and save/invest more of your money. Let’s just use Valentines as a great example; it comes every year, so just like Christmas, start shopping early for the gifts you buy your loved one. Rather than going out for a really expensive dinner, could cook a fun, sexy dinner together. Yes! I said it! Save some money and restaurant stress and spend “more intimate time together”. But think about it, if you are trying to save for a big vacation or any other event, being a “Valentine’s Day Baller” could set you back from that bigger financial lifestyle goal. And remember, home is where the heart is anyway, especially on Saint Valentine Day!
Give More of Your Time and Money
As part of your 2020 aspirations this could include things like increasing your volunteer work or starting something new. This can also include spending more quality time helping friends and family members who may need more attention that are dealing with health issues. Donations to charity also fit in this category. (But please make sure you and your partner communicate and are on a similar path with any financial contributions, the amount, how frequently and to which organizations or individuals.) Obviously, it is good for others if we do more for them, but how does this area contribute to our own personal happiness and well-being? It turns out, our self-esteem and sense of purpose in life are both elevated when we help others. We also get that good feeling…kind of a “warm glow” when we do more for others. As an added bonus, if you are feeling guilty from not doing more for others, working on this area of your life can help to alleviate some of your own stress.
Finally, whenever I talk with clients and families helping them with their life insurance, wills and trusts, it’s worth noting that one of the most common regrets people voice at the end of their lives is that they did not spend more quality time with loved ones. While time with loved ones can be a mix of giving and fun, I have found that it is critical not only for your happiness but also for your health, lifestyle and your relationship with your partner!
I want to issue you a fun challenge. Over the next 30 write down 3 Positive Things you do with your time and/money for someone else or a group that is part of your life. Keep it and read it often to remind yourself of the good you do!
For more information about managing your finances with your partner contact Richard Chew at [email protected], www.1stcig.com. (312)-243-3907