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How to Manage Your Money

mange money mantra

Today we’re going to talk about what to do when you have no idea how to manage your money or you find yourself saying things like, “I don’t know anything about money.”


Or you find yourself sticking your head in the sand about money and being confused about it.


Straight up, I was never really taught anything about managing money.


I remember sitting at my piggy bank wanting to buy something and realizing that I was not going to be able to buy it for a very, very, very long time if I saved all of my weekly allowances.


I decided right then and there that saving sucks and I felt really powerless and demotivated around money.


It wasn’t that long ago found  myself saying, “I don’t know anything about money, I was never taught anything about money.” I’m really proud now to say that this is no longer the case.


The fact of the matter is that most of us aren’t taught much. We’re not taught anything about saving, budgeting, investing in school. In many cases our parents were teaching us what they know about money and their parents taught them about money.



It wasn’t that long ago that women typically weren’t working, and didn’t handle anything with finances at home. That was only a couple of generations ago, and it’s a bit the blind leading the blind. We need to take responsibility for our knowledge around managing money and figure out a new way to break the cycle.


You may also feel like you don’t know how to manage your money because in the past you haven’t managed it all that well.


First things first: let go of the need to be perfect with money.


It’s okay if you don’t know everything about money. You don’t need to know everything about money in order to have money, to use it wisely, and use it to create a beautiful hot rich life.


Either way, not knowing about money is holding you back because knowledge is power and if you don’t have any knowledge about money or your money situation, it’s very likely that you feel powerless about it, therefore powerless about money.


That’s not a good place to be in so I’d love to help you have some baby steps towards getting into a powerful place with your money and knowing more about it.


Get to know your money.


Get to know what your money situation is right now. Actually, write out the budget and even if the budget is you going through your bank account or going through your receipts or tracking it for a whole month and writing down how you spend your money.


So much will be revealed to you just in that exercise alone. I know it can be scary but you’ll really be facing what is the reality about your money. Then once you know where you are you can make a plan to get to where you want to go.


Become curious about money.


Read some books about it. This is where I started. I think the first money book I ever read was Smart Women Finish Rich by David Bach. It taught me a lot, yet also left me feeling confused because I didn’t know about anything investing and some of it isn’t relevant to where I live. That being said, I didn’t let the confusion stop me from investing (read more below). Start SOMEWHERE though. Consume info. Investigate. Perhaps it’ll spark something inside of you, and you find a new passion around money.


Or, if you’re not really into the technical side of the money right now read something more money-mindset. A book I love is Money and the Law of Attraction by Abraham Hicks. That might be a bit woo woo for some, but another is The Game of Life and How to Play It by Florence Scovel Shinn. There are so many different money mindset books but just go to the bookstore, and poke around, and see which book speaks to you.


The last thing I would say is talk to a pro.


You don’t need to know everything about money. One thing I learned early on is that I wanted to be someone who invests. I thought “when I have a lot of money I’ll invest”. However, I just could not wrap my head around investing.


So I hired a pro. I found someone to do what I couldn’t figure out for me. They take a portion of my money every month from my account and invest it. I don’t need to do anything and I’m very happy with the way it’s going.  You can find someone to do that for you. Perhaps for you, it’s bookkeeping, or taxes, a budgeting/money coach (yes those exists). Something else. You don’t need to do EVERYTHING on your own, especially if it’s holding you back from getting your shit together.


If you’re having trouble doing it on your own, don’t just throw your hands up about it. “Oh, I just don’t know. I don’t know what to do so I’m not going to do it.” Find someone to help you.


There are so many options. You just have to take the next step.


Celebrate taking baby steps.


You don’t need to go from zero to millionaire tomorrow, or even this year. You can make stepping-stone goals and celebrate as if you went from zero to millionaire.


Watching this video,  doing a small budget, tracking your money or just being OPEN to facing your “money story” is a HUGE step.


Tracking how much money is coming in every day, even if it’s pennies. That’s a huge step towards managing your money, so celebrate the small wins and eventually, you will get there.


I hope you learned something from this video that can help to empower you with your money. My journey with my money has been so great and amplified to a NEW level since starting my own business. Know that this is an option for you too.


I have a mini-ebook on exactly how I did that below.


WIshing you the shift to see yourself as the kind of babe that is GREAT with money.


Yours in love, and light, and bite-sized bitchines…


sofie von marricks