Hey there, financial bestie! 👋 Let’s have a heart-to-heart about something we’ve all been guilty of at some point: avoiding our finances. Yep, I’ve been there too, and let me tell you, it’s not as scary on the other side as you might think!
Remember, financial avoidance might feel normal (especially when everyone’s joking about last-minute tax returns), but it doesn’t have to be your norm. Let’s break down the signs you might be playing hide-and-seek with your finances and how to face them head-on!
1. You’re Always “Too Busy” to Look at Your Numbers
The Sign: You keep pushing off that monthly financial review because you’re “swamped with client work” or “need to post on Instagram.”
How to Stop: Schedule a non-negotiable money date with yourself. Treat it like a client call – would you cancel on a paying client? Didn’t think so! Start small: 15 minutes a week can make a world of difference.
2. You Don’t Know Your Current Bank Balance
The Sign: The thought of opening your banking app gives you more anxiety than a first date.
How to Stop: Exposure therapy, but make it financial! Start by checking your balance daily. No judgement, just awareness. Over time, it’ll become as routine as checking your social media (and way more beneficial for your business!).
3. You’re Considering Outsourcing Your Finances ASAP
The Sign: You’re ready to throw money at an accountant or bookkeeper just so you don’t have to deal with the numbers.
How to Stop: Hold up, bestie! While professional help is great, outsourcing shouldn’t be a band-aid for avoidance. Ask yourself: am I outsourcing because it’s the best use of my time, or because I’m scared of my finances? If it’s the latter, it’s time to face those fears!
4. Your Idea of Financial Planning is Hoping for the Best
The Sign: Your business strategy is crossing your fingers and manifesting abundance (nothing wrong with manifestation, but let’s back it up with some action!).
How to Stop: Start tracking your cash flow as it happens. I’m talking real-time updates, bestie! When you make a purchase for your business or receive a payment, take 30 seconds to log it. Trust me, future you will be so grateful!
5. Tax Season Sends You into a Panic Spiral
The Sign: The mere mention of “Tax Return” has you breaking out in a cold sweat.
How to Stop: Been there, done that, got the scary letter from HMRC! Here’s what worked for me: I set aside a day in April or May to tackle my return. Now, I update my numbers monthly, and guess what? It’s already done when tax season rolls around! No more panic, just peace of mind.
The Truth About Financial Avoidance
Here’s the tea: we often avoid our finances because we’re told it’s hard, complicated, or just not our “zone of genius.” But let me tell you a secret – it doesn’t have to be any of those things!
Financial management is a skill, just like any other aspect of running a business. And like any skill, it gets easier with practice. By facing your finances head-on, you’re not just “adulting” – you’re empowering yourself to make informed decisions for your business.
Remember, your finances are the heartbeat of your business. By getting comfortable with your numbers, you’re not just avoiding scary letters from HMRC (though that’s a nice bonus!) – you’re setting yourself up for long-term success and financial confidence.
So, are you ready to stop avoiding and start embracing your finances? Trust me, your future self (and your business bank account) will thank you!
Want to dive deeper into managing your finances with confidence? Join my group program, Cashflow Confident, where I’ll show you how to pay yourself consistently, even with inconsistent income.
Let’s make financial confidence your new superpower! 💪
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