According to the SoulMed Holistic Health survey, stress is the number one concern of Black women around the country.
One common cause of stress if money.
No matter your income, it’s important that you know how to manage what you have.
You can start to get your finances in order by implementing the 50/30/20 rule. The basic rule is to divide up after-tax income and allocate it to spend ::
50 percent needs
30 percent enjoyment
20 percent savings
Get to the bag, sis!
Sometimes what you have just isn’t enough to move you forward. When that’s the case, you have to know how to get to that bag!
According to Nadia C. Vanderhall of Brands + Bands, getting to that bag is as simple as taking an inventory of your skills and using them to build a business or shift your career. To get started ask yourself the following questions ::
What do I do well?
What are business opportunities and/or careers that align with my gifts? If you don’t know or need ideas, try Google and God. Search Google for ideas and ask God for direction. Then wait on His response.
How can I prepare for my come up? Strengthen your knowledge by taking classes that align with your gifts. There are several free skills-based certification classes available now. Again, Google can be your best friend when finding those opportunities.
Vanderhall also shared tips for getting to the bag through investing and managing your money. One of my favorite tips from this part of the conversation was - consume what you consume. If you want to know what it means, you will have to read her blog post Bill or Buy :: Consume What You Consume.
Get more tips by watching the replay of SoulMed presents Soul Sessions :: The Financial Edition below.