If money matters are getting you down, then don’t despair, there is light at the end of the tunnel. According to psychologist and money-management expert, Christine Thompson-Wells, seeing the way forward while in this recession could lead to a richer, satisfying future.
Christine’s new book, Making Cash Flow – A Tool For Financial Empowerment (available on www.planet-press.biz & www.amazon.co.uk, £19.99), is based on her own experiences of managing a business during the last recession and will help anyone find doable solutions FAST, so debt could be the start of a new beginning – once you have the right mental tools to think differently about debt. Christine believes anyone can start again after debt and become financially empowered.
Christine has been saying for years that money is psychology; it’s the game of money and how to play the game of money that makes money work. Using her unique Financial Existence Panel, you can discover where you fit into the six categories of money existence. Christine explains: ‘Knowing our type of existence allows us to take control of our financial position. Taking control eliminates negative stress. Taking control and becoming empowered will allow a person to re-evaluate the situation and then they start to search for solutions to their debt.’
Based on her own experience, here are Christine’s tips for Christmas spending:
• Don’t buy anything on a credit card unless you can pay it off completely at the end of the month.
• Write out a Christmas list before any Christmas shopping or spending; create a budget, do not spend over your budget, and stay with your list, stay in mental control!
• Don’t add to your debt, work with your debt to become debt free in 2009. Stay focused all of the time while shopping or spending.
• Don’t let the WANTS become powerful. At this time, only buy your NEEDS. Learn to separate WANTS and NEEDS.
• Explain to friends, family or work mates if you need to rein in spending – people understand more than ever the effects of the credit crunch, so look for alternative and cheaper ways to celebrate Christmas.
• For 2009, create a doable and workable plan and keep focused on what it will be like to live debt-free. Living within your limits over the Christmas period will add to a more exciting and fulfilling life in 2009!
CHRISTINE’S TOP 10 TIPS FOR MONEY MANAGEMENT:
1. Stay empowered with the situation.
2. Develop your talents and skills and the human spirit within you.
3. See the debt as a challenge and not a curse.
4. Create a Plan A; once the Plan A is in place, develop Plan B.
5. Always have a Master Plan.
6. Don’t allow reactivity to hold you back; think proactive to become proactive with your debt and your life.
7. Turn the tables round, use the ‘niches of time’ to develop a sustainable future.
8. Don’t allow the Pendulum mind to take over your thinking.
9. Debt is a prison and will eventually kill you – deal with it NOW.
10. Work to become ‘financially fit’ in the future.
Separate NEEDS from WANTS.
ISBNs 978 0 9551498 8 7, price £19.99