Money can be a source of joy, excitement, and motivation, but for many, it is the cause of stress, arguments, and worry. Life happens, mistakes are inevitable, and plans fall apart. What may remain is a very overwhelming financial situation.
I have been a Director of Finance in the non-profit sector for seven years after starting my career at a major accounting firm. I hold a Bachelor of Commerce degree with a major in Accounting, and I am halfway through a Masters of Public Administration Management degree.
That all sounds like I know my way around some finances, and in the workplace, that has certainly been the case.
Up until the last couple of years, when it came to my personal finances, everything I knew flew out the window. I was left with a mental block when it came to getting a good handle on my own financial situation. I would ask my husband not to discuss finances at night because then I couldn't sleep. I didn't want to talk about it, I didn't want to get help with it. I was embarrassed, ashamed and I wanted to just shrink away when the topic came up.
Then something changed a little bit. My husband and I made a few small changes and in 16 months we managed to pay down approximately 25% of our previously stagnant debt (during a maternity leave!) This progress was exciting, painless, and inspiring which caused a complete change in mindset and motivation for me.
Now I am on a mission to be debt free by my 33rd birthday (debt free by 33!) which will require triple the rate of progress we have achieved so far. With budget in hand and long term financial plan drafted, not only can I see the light at the end of the tunnel, I can see the abundance of what the future has in store.