Have you ever felt like, despite your best efforts, your finances seem to be running in circles? I’ve been there, and I know how frustrating it can be. Today, I will share some of my financial journey with you and how my life improved when I learned about money blocks.
Discovering Money Blocks
I remember the first time I stumbled upon the concept of money blocks. At that point, I was confused and overwhelmed by my personal finances. Ironically, I own a bookkeeping business and spend my days helping women get their business finances in order. Yet, when it came to managing my own money, I couldn’t stay consistent! Discovering money blocks opened my eyes to the deeper, subconscious factors influencing my relationship with money.
Initial Skepticism
When I first learned about money blocks, I was skeptical. The idea that my financial struggles were rooted in something so intangible seemed far-fetched and overly simplistic. I prided myself on being practical and rational, so the notion that my mindset and beliefs could be holding me back felt uncomfortable and even a bit threatening. It was easier to blame external factors like my husband’s spending or unforeseen expenses than the possibility that I was standing in my own way.
Recognizing the Truth
As I delved deeper into the concept and reflected on my own patterns and behaviors, I began to recognize the truth in it.
I lived in a constant loop of running up my credit cards and then paying them off, only to start the cycle again. It was all driven by emotional spending, looking for thrills, excitement, and feeling we deserved luxury. My husband and I liked to treat ourselves.
Could we afford this? Who knows? We certainly didn’t. Whether we could or not wasn’t even part of the consideration! If we didn’t have money in the bank to pay for something we wanted, the solution was simple: charge it!
Unexpected expenses further escalated our debt. We resorted to charging it to our credit card without weighing the consequences or considering alternative payment methods. This approach played a major role in increasing our financial liabilities.
The Spend-Save Cycle
I had developed a habit I call the Spend-Save Cycle. It goes like this: I would pay off my credit cards. Then I would face an expensive situation, like a car repair. Since I didn’t have a backup plan, I would whip out the credit card to pay for it. Once I used the card, another charge would appear, and then another. This is the Spend part of the whole Spend-Save rollercoaster cycle.
Budget Breakdown
With credit card payments piling up, my budget was completely derailed. I never knew what I could afford. I wasn’t sure what bills were about to be deducted from my bank account. I was hesitant to use my debit card So, I kept relying on my credit cards.
Feeling confused and overwhelmed, I often ignored the situation and let the balances build up. Despite having a good household income, the Spend-Save Cycle kept me trapped in debt, preventing me from achieving true financial freedom.
Hitting the Limit
It’s as if I have an internal alarm that triggers around the $20,000 mark. That’s when things get dire enough for me to take action. Thus, the Save Cycle begins: I pay off the credit cards, vow to myself this was not going to happen again, and start saving money. Yet, we’ve found ourselves in this loop repeatedly. Why did this pattern persist?
Breaking the Cycle
Discovering money blocks and working on dismantling them let me change my financial story. I now face my money blocks in an open and honest way. Even when it’s hard. Even when it’s scary. My journey from financial chaos to clarity was not easy, but it was worth it. It’s a journey of self-discovery, and I invite you to start yours.
By confronting my money blocks and finding solutions to overcome them, I gained a newfound sense of empowerment and freedom.
Your Journey to Financial Freedom
What’s your money story? By recognizing and addressing your money blocks, you too can unlock the door to a brighter financial future. Understanding your financial narrative is a key place to start. How can you begin rewriting your financial story today? What steps can you take now to move closer to financial freedom?
Subscribe
Stay connected and empowered on your financial journey. Subscribe now to receive updates and resources directly to your inbox. Together let’s unlock the doors to financial success and fulfillment.
