Purpose Your Government Stimulus Monies
Don't spend it all in one place. Have you ever heard that? I say we change our mindset to spend on purpose.
Millions of Americans are receiving at least $1,400 because the US Congress passed the American Rescue Plan last week and US President Joe Biden signed the bill into law. In addition to the direct payments
Driving around my small town, I noticed long lines at the grocery stores, liquor stores, and restaurants. It seems to be a lot of traffic in every direction as it is compared to the previous 12 months.
Last week when the US Senate passed the bill and sent it back to the US House of Representatives. I sat quietly, opened my notebook and documented a list of financial items that needed my attention.
Listen to the Better U Leadership Podcast episode #11
Six Steps to Take Before You Spend Your Government Stimulus Money
1. List items that need to be paid or addressed; housing, transportation, food, work related incidentals, and debts.
2. Label them as either "needs" or "wants"
3. Associate a payment timeline with each listed item. For example, If you are behind on a payment, then you may need to pay a specific amount to remain in good standing.
4. Document total amount you owe as well as if you're allowed to pay a portion of the note to remain in good standing.
5. Calculate the total amount of money you currently have available
6. Sometimes paying debts bring a sense of peace. Make you decisions according to practical application and what will bring you peace.
Now that your money has a purpose. Follow Through and Pay Your Debts. Do something for yourself.
WHY IS THIS IMPORTANT TO DO?
Sometimes, we remain in a work environment because we have enormous debts. Sometimes, we remain in romantic relationships because of the financial security. Sometime, we recognize that we are in co-dependent relationships with parents or other relatives because of financial transactions.
Experiencing Overwhelm? It's Your Time to Lead
Do You Want 10 Productivity Tips for Busy Women? Go to angelaodom.com/productivity HERE to get the free download, "10 Essential Tips For Busy Women To Be More Productive & Peaceful".
I'm rooting for you!
Angela M. Odom, Your Leadership Coach
ABOUT THE AUTHOR
Angela M. Odom is a life and leadership coach, founder of The Better U Project brand, podcast host, proud Army veteran and the author of BRONCO STRONG: A Memoir of the Last Deployed Personnel Services Battalion and a contributing author to the book, "Camouflaged Sisters: Leadership Through The Eyes of Senior Military Women Leaders".
ONLINE: Website I Instagram I Facebook I LinkedIn I Twitter I You Tube
Disclaimer: If you click on some of the links and make a purchase, Angela may receive compensation. So click away.
Have you joined the Online Better U Community for Women Leaders?
We're building a safe community for women who are driven to invest in themselves and in other women. Our vision is they span industries and experience levels, some possessing advanced degrees, others sit on boards, are published authors and thought leaders. Dive into The Better U Community by clicking the bar below.
Angela
Your Leadership Coach
Women in managerial and supervisory positions hire me to teach them how to lead, themselves others, organizations, and processes. so they can earn more respect and revenue.