Master Your Money: A Guide on Freeing Your Wallet...

When was the last time you checked your bank account, and your heart was beating normally?Growing up, everything I knew about money was from what I saw. My mom got every credit card for every department or grocery store. She definitely said, “Do you have McDonald’s money?”, and I surely repeated her patterns in my young adulthood.The conversations around money have gotten better over the past few years, but I feel there could be more vulnerability in this space. We’ve all made mistakes, we’ve all wished a 5-figure lump sum would magically appear as a check in the mail or be sitting in our bank accounts to rid us of the mistakes we made repeatedly for months or years, but it just doesn’t work that way.Do you know how much money is coming in and how much is going out?No one is telling you to stop buying the lattes you love or whatever keeps you going through the week, but it is important that you know what that number is. That way, you can be more informed before making purchases outside of your regular ones.Then, set aside 50% for needs, 30% for wants, and 20% for savings. Obviously, this may vary by the amount you make and if you’re saving more for a big purchase or aggressively paying off debt, but here is a great place to start.Did y’all get to the part of the video where I accrued $27,000 of credit card debt, paid it off, and then did it again?Well, some things are better said with words than written, but it’s true. It was in my 20s, and that’s what they’re for. I am grateful that I had people in my corner who offered to help me, despite my discomfort, and that is my goal here with you today. If you liked this episode and want more content like this, be sure to let us know in the comments and subscribe!Are you in the San Antonio and looking to attend some upcoming Lamisa Wellness Collective events?Check out Cowgirls Blings & Things on Saturday, May 9th. We hope to see you there!Did you see last week’s post?This Substack is reader-supported. To receive new posts and support my work, consider becoming a free or paid subscriber. Get full access to Lamisa Wellness Collective at lamisawellnesscollective.substack.com/subscribe