This past month, I have been reflecting on many things in our life. Maybe it was the start of 2017? Maybe it was all the milestones we have experienced since college? Either way, I spent time reflecting on these life-changing milestones.
How to Manage The Balancing Act Between Life and Money
Over the past ten years, we have hit many major milestones in our household. Engagement. Marriage. Buying a house. Death of a sibling. Being laid off. Having a baby. The other person laid off. Job changes. Adding another baby. Medical emergencies. Preschool. Paying off debt. Getting a dog. Public school. Starting a business. The list goes on.
The details in between all of these major milestones are the moments in life that pass us by way too quickly. These milestones have shaped our life, our personalities, and how we look at the future.
Through all my reflection, I have reinforced my belief that there is so much more to life than just money. Life is about our family, our friends, our passions. Life is everything that we do to fill the 86,400 seconds in our day. And each day, we start over with another 86,400 seconds! When you look at the number of seconds in a day, it seems like there are plenty to do everything we want to do (and then times that list by 10).
In my reflection, I have learned that the balancing act between life and money is the key important factor. But before you dig into some reflection questions, let’s take a closer look at the definition of balance…
bal·ance – noun
an even distribution of weight enabling someone or something to remain upright and steady.
bal·ance – verb
offset or compare the value of (one thing) with another.
So, if you are coming upon a big milestone, here are some reflection questions (remembering to focus on the keyword of balance):
- How will this impact our day-to-day life?
- How will this impact our financial situation?
- How will the impact the vision for our family?
The decision to transition to stay-at-home mom, start your own business or go back to work shouldn’t be taken lightly. Life is a balancing act between life and money — and each day you have only 86,400 seconds to live your life to the fullest.
More than likely, money come up more than once during the reflection questions. Our lives cannot function without the daily use of money. Whether we like it or not, money plays a role in our lives, and typically, it is the number one cause of stress. That is why the balancing act between life and money is so important.
Life loves to throw curve balls from time to time. It is pretty much guaranteed to happen — only a matter of when. It happened to us. Some of our major milestones were complete surprises. Some we thought may happen, but were still taken by surprise. Some were planned. Either way, the best way to handle these milestones (not accounting for the emotional toil) is to be financially prepared. It is a balancing act between life and money.
As a money coach, I teach my clients to reach that place “where cents parallel vision.” It is possible to enjoy life with money. It takes conversation with your spouse, your kids, maybe even your close friends to understand and achieve your visions. Without dialogue with those special people in your life, those 86,400 seconds will slip past faster than a speeding bullet. Don’t let them – grab those 86,400 seconds and choose how you will spend them.
Are you interested in learning more about finding balance in your life and with money, sign up for Money Bliss Jumpstart — the free email course.