Hola, querida Latina professional! ¿Estás lista para tomar el control de tu futuro financiero? In the hustle and bustle of our 9-5 lives, managing money often takes a backseat. But once I heard a quote that completely revobultionize the way I care for my money. “Only manage the money you want to keep and grow.” , As a fellow Latina professional, I understand the challenges we face, from juggling work commitments to navigating cultural attitudes toward money. In this blog post, we’ll explore how to overcome these obstacles and make time for money dates that empower you to achieve your financial goals.
What Are Money Dates?
Money dates are scheduled sessions dedicated to managing your finances, typically involving reviewing your financial situation, setting goals, and making plans to achieve them. It’s a proactive approach to personal finance where individuals or couples set aside dedicated time to discuss and evaluate their financial health, make decisions about budgeting, saving, investing, and addressing any financial concerns or goals they may have. Think of it as a regular check-in with your money to ensure it’s aligned with your life goals and values.
Understanding the Cultural Baggage:
Cultural attitudes toward money can significantly impact how we manage our finances. As Latinas, we may carry cultural baggage that influences our beliefs and behaviors around money. Whether it’s fear of scarcity instilled by our abuelos or societal pressures to prioritize family obligations over financial independence, acknowledging and addressing these cultural influences is essential for financial empowerment.
I want you to show up to care for your money the same way you show up to manage the inbox in your 9-5, mujer!
Making Time for Money Dates:
1. Prioritize Self-Care: As Latina professionals, we often prioritize the needs of others over our own. But remember, self-care includes taking care of your financial well-being. Schedule regular money dates as a form of self-care and empowerment. I personally don’t call this practice budgeting; I call it financial empowerment because my dinero has a purpose, and that is to help me reach financial freedom.
2. Start Small: If the thought of dedicating hours to financial planning feels overwhelming, start small. Set aside just 30 minutes a week for a mini-money date. As you become more comfortable, gradually increase the time and frequency.
Don’t try to figure out how much you are spending per month, how big your student loan debt and how much you overspend; that does’t serve you. Take micro-steps!
3. Combine Activities: Incorporate money dates into activities you already enjoy. Grab a cafecito and review your spending, or take a relaxing walk while discussing your financial goals with a trusted friend or partner.
When I started looking at my money consistently, I would play my favorite latinx songs to help me set the mood.
4. Use Technology to Your Advantage:
Embrace technology to streamline your financial management. Use budgeting apps to track expenses, set up automatic bill payments, and schedule reminders for money dates in your calendar. Inside my private coaching, I offer access to a wonderful financial planning tool to help you budget, track your net worth, and see how the entire wealth-building journey works.
Do not keep writing your expenses down on a notebook, I repeat, do not keep track of your expenses on paper!
5. Seek Support:
Don’t be afraid to ask for help! Ya sabes, ask for help cooking, cleaning, etc, so you can become the leader of your dinero. If you need guidance, reach out! I am here to help. I also have a group coaching program for Latinas, The Say Hola Wealth Academy, where we meet weekly to discuss money mindset, spending, investing, and my favorite ways to help you elevate your income. Surrounding yourself with a supportive network can help you stay accountable and motivated.
Overcoming Cultural Barriers:
1. Challenge Limiting Beliefs: Reflect on any limiting beliefs or attitudes toward money that may be holding you back. Replace negative beliefs with empowering affirmations that affirm your worthiness of financial success.
2. Embrace Financial Education: Educate yourself about personal finance to build confidence and autonomy. Don’t fall for the belief that you need a lot of money to build wealth! Learn to manage the money you have, and the rest will come with ease; financial literacy is what builds wealth. T
3. Cultivate a Decolonized Mindset: Adopt a growth mindset when it comes to your finances. View setbacks as learning opportunities and celebrate your progress, no matter how small.
Mujeres, you are capable of achieving financial success on your own terms. By prioritizing self-care, starting small, leveraging technology, seeking support, and challenging cultural barriers, you can make time for money dates that empower you to take control of your financial future. Remember, you deserve financial abundance and security, and it all starts with a commitment to yourself and your financial well-being. ¡Let’s Build Wealth Juntas!