The Art of Feminine Financial Finesse

Kimberly Wilson, author of the new book Tranqulista: Mastering The Art of Enlightened Work and Mindful Play, talks with us about how you can take control of your finances and use your money to support a greater good. 

Here are her 3 tips for Livin' La Vida Tranquilista for women wishing to establish a mindful money management:

1. Dig deep into your financial Feelings. A great use of our feminine is participating in girl chats so why not invite your friends over who can bond with you over this financial freedom questionnaire...  Ask yourself some questions to uncover some of the emotions behind your relationship to money.

  • How did you feel growing up about money?
  • Did you earn an allowance? If so, what did you do with your money?
  • Are you a saver, spender, or somewhere in between?
  • Was money discussed openly in your family growing up?
  • Did you feel in sync with your friends?

Tranquil Tip: Ponder how getting clear on your finances would make your life more tranquil.

2. Curb Retail Therapy Debt and Impulse Buying.

I know its tough for the modern girl to maintain financial balance with so many temptations, but this is where your tapas and brahmacharya (one of the 8 limbs of yoga that means self control) will come in handy. Maybe you will find yourself blowing your annual clothing budget during the post holiday sales in January, or you're a bibliophile who cant say no to the latest Oprah book-club selection. Sure, buying a home or investing in your education will set you back numerous years, but they're more important than leopard print stole with pink satin ribbons. Keep in mind the concept of short term delayed gratification for long term benefit.

Tranquil Tip: Stretch your dollars by shopping at discount stores, buying bulk classes at the yoga studio, and joining girlfriends for drinks and dessert instead of dinner.

3. Create Financial Fantasies. Every good financial fantasy has 3 key parts... ENVISION, DEFINE, & GET SUPPORT.

  • ENVISION: What's your ideal big picture in financial fulfillment?? Do you what to be able to care for a loved one without fear of going bankrupt? Do you want the ability to work from home while your children play nearby? Or do you want to be both a city and country mouse diving your time between two very different places that entice you? Get clear on what constitutes financial freedom for you.
  • DEFINE: Get clear about what it is that will bring you more in touch with your values while also helping others. Remember that ultimately abundance for you means more for others because you can do a lot more with abundance. Write out your ideal as if it were the present. For example, "I am finishing my novel in a cabin I own in Vail, and living part time in a rented loft in Denver teaching writing classes."
  • GET SUPPORT: Once you have gotten clear on what financial freedom looks like, share your findings with a trusted companion who will support your dreams. And support yourself and your belief in your dream by carving out weekly reflection time to review your income and expenses, while keeping an eye on the ultimate goal.

Tranquil Tip: Donate anonymously to a charity or person in deed without looking for any tax benefit or even gratitude. Think secret Valentine meets good cause. Do it because it feels good. Let this be part of your spiritual practice of giving back.

YouNews

This content requires the latest Adobe Flash Player and a browser with JavaScript enabled. Click here for a free download of the latest Adobe Flash Player.