Want to Reset Your Finances? Try This Effective "Money Cleanse"
Just as the holiday overindulgences from feasting to drinking left us feeling far from our best selves, the season also did a number on our bank accounts. But in the same way you're determined to get back on track to wellness by committing to healthy lifestyle choices and detoxing your diet, you can recover from holiday overspending with a "money cleanse," as proposed by holistic wealth expert Leanne Jacobs, author of Beautiful Money and certified nutritionist and yoga instructor with an MBA.
While we're all aware of the connection between cleaning up your life and living healthier—à la Marie Kondo and The Life-Changing Magic of Tidying Up—we don't always consider how greatly the state of our finances affect our wellbeing from sleeping more soundly to having a clearer sense of purpose to feeling more empowered. The strategies proposed by Jacobs rely less on budgeting and applying strict rules to spending and more on taking care of your personal wellness from every angle and seeing it translate into a healthier relationship with money. So as you head into the New Year with a renewed motivation to clean up your diet, home, and life, consider also tidying up your finances with a much needed "money cleanse."
Keep scrolling to read Leanne Jacobs' tips for successfully committing to a money cleanse and detoxing your finances once and for all.
Declutter Your Space
Marie Kondo's method for tidying up your living space once and for all can directly impact your financial health. "An easy place to start with the Beautiful Money cleanse is your physical environment," suggests Jacobs. "[De-cluttering] helps us feel more grounded, and when we're grounded we're less likely to emotionally hemorrhage money." Jacobs advises starting with an area that's especially making you anxious and then focusing on cleaning up that one spot that can serve as your sanctuary for whatever activities bring your relaxation—creative work, meditation, journaling. Then the next time you feel the urge to make an impulse by or go on a shopping spree, you can take a time out in your zen zone and practice self care instead.
Clean Up Your Schedule
The next step in Jacobs' Beautiful Money cleanse is cleaning up your calendar. She says to prioritise the things that bring you either joy or cash (or both)—your wellness practices and revenue-generating activities. "If you look at a month of your schedule and you're not pumped about any of it—and a big chunk of it doesn't make you money—what's the point of it?" she asks. It's in the moments of downtime and taking time for one's self that the "a-ha" moments happen, so allow yourself the room and mental space for clarity and you might happen upon your next money-making idea.
Let Go of Control
Just as not giving enough time and thought to your finances can be detrimental to your bank account, so can overthinking and micromanaging. If you find yourself obsessing over your budget or constantly stressing out about your financial state, your relationship with money becomes unhealthy and based off of fear. Jacobs says this attitude can cause you to pass by great opportunities. "When you're too controlling, you could be missing out on a lot of the rewards the universe is trying to give you," she explains. To combat this she suggests shifting your energy through practices like exercise and meditation.