3 Steps to Start Financially Adulting

This article is written by Emily Dorman, part of Career Money Life’s Supplier Community. You can view the original article on Emily’s website.

Do you ever find yourself saying:

“I should be financially adulting by now”

“I’m almost 30, when am I going to grow up?”

“I need to get this money stuff sorted already”

When you buy a new dress with money you were supposed to save. Or when you accidentally missed paying last month’s phone bill by its due date. How about when you are down to your last $10 and there are still 3 days until payday – hello credit card!

You feel overwhelmed and have no idea where to start.

You’re embarrassed to ask for help (because asking for help is a weakness).

It all feels SO HARD! (so do nothing instead).

There is never a right time to financially adult, but once you take that first step to sorting out your finances you will quickly feel all grow’d up.

3 Steps to Start Financially Adulting

1. Define what financially adulting means to you, and why it is important to you?

For me financially adulting means having control over my finances – that is, they are structured and automated, so I don’t have to worry about manually paying my bills or overspending my fun money because I have a special account just for that.

Why it is important to me is because I want to make sure that current Emily and future Emily are provided for. Plus, I don’t want to spend heaps of my personal time managing my money, there are so many more fun things to do with my time (like cuddles with my fur-baby Oscar.)

2. To achieve your definition of financially adulting, what are 3 steps you can take to start to financially adult?

For me it was to:

  • Set-up my bank accounts to have set accounts for bills, fun money and savings
  • Determine how much I needed to put into each account from my pay
  • Set-up direct debits to move my cash each pay so its all automated each pay

3. Determine when you are going to take those steps & do them

When are you going to take those 3 steps? Write out your action plan and pour yourself a glass of wine as you invest time in YOU – a you who has your money stuff sorted and has control of her finances. (Hint hint, this weekend looks good!)

Empower your employees to manage their finances with confidence. Career Money Life offers a wide range of services under our Financial Education Program including financial education and coaching, budget management, credit reporting, financial planning advice, debt consolidation, tax and accounting support, and much more. Book a demo now or contact us to find out more. 

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