Sabbaticals provide the time and space for a reset or a shake-up that can give us a tremendous amount of energy to launch something new, adjust our priorities, or re-discover things we’ve loved before. First, we must rest and support our mental health and self care that’s been neglected before we can begin with a growth cycle again.
Inflation has got everyone thinking about expenses lately, but what about your income? Did you know that how much you get paid is under your control more than you think? The reason? Taxes. Your stated salary is only one factor that determines your take home pay. You can increase and decrease your take home pay simply by making some of these adjustments.
A common experience my clients ask me about is how to handle finances once the health status of an aging parent changes. Perhaps there’s been a new diagnosis, or health event that means they need more care or it’s just time to consider assisted living facilities. These kinds of transitions can be hard, but it may be time for you to get more involved with their finances.
I get questions related to how frequently should you check in on various aspects of your finances. It’s normal to want to “over check” things to have a sense of control — but when does it become just a bother? On the flip side, some people may forget (or avoid) checking in on certain items out of fear. Here are some simple guidelines for you to use to help streamline your own process for checking in with your finances.
The purpose of a sabbatical is rest, renewal and exploration. However, because of career, corporate, familial, or societal norms around money and self-worth there are bound to be anxieties and uncertainties that come up. In this article I share more about my experience while my spouse has been on sabbatical the last 6 months. Be prepared to have ongoing discussions together on common fears and uncertainties.
Feeling uncomfortable with finances is very common. It can show up in a variety of ways: avoidance, fear, frustration, overwhelm, uncertainty, or general stress. Here are some ways to move past these feelings and get more comfortable tackling your finances.