I ran across this meme on Instagram and it's so fucking true. I spend all my money on food and clothes but I'm hungry and I have nothing to wear how?! Over the past few months, it was hard to get a grip and come to terms with the reality of my spending. I spend the majority of my income on bills but spending way too much of my passive income on alcohol. The money that's left over (usually less than $50), I run to treat myself once because I know I'm going to be broke. I have noticed that this is a bad habit. While it's good that I do things sparingly, it's not good that I rush to do because I know the well will be dry. For the past 3 weeks, I have held on to money longer than I have in the last two years. Spending only what was absolutely necessary. I think I was suffering from FOMM (Fear of missing money) because I was constantly scrambling to come up with schemes to make more money without focusing on what I really want from life. I'm torn between being adamant of being my own boss and pacifying my spouse who feels like I need to work. I know I can be successful in something but my energy is focused on keeping my head above water. Here's how to deal with money anxiety.
1. Be truthful with yourself
If you're a damn alcoholic and spend a lot of your money getting drunk, then admit that. Work it in to your budget instead of sweeping it under the rug and wondering where all your coins have gone.
2. Create a damn budget
This is annoying, I know. I'm still working on mine. Think about every blood clot thing you spend money on. Write that shit down or type it out whatever and label it. If you like thot juices, then put $20 thot juices. If you like beef patties from the Jamaican spot in the morning, document that $40 a month in Jamaican beef patties.
3. Come up with ways to decrease your spending
You know yourself. If you're lazy, don't put that you're going to cook 6 days a week, that's impossible. Baby steps my youth! However if you notice your bar tab creeps upwards of $200 a month, invite friends to your house instead of going out. Have them bring bottles too. That will significantly drop your drinking costs.
4. Come up with a solid plan
Don't scramble! If you know your expenses exceed your income, don't scramble to look for just any situation to make more money. If you're popular on twitter, sell your tweets for passive income but don't sell yourself short like I have done so many times.
Do you suffer for FOMM or money anxiety? Tweet me @rayesocial or comment below!