Why Tori Dunlap Says Looking at Your Finances Is Self-Care – The Motley Fool | Vette Leader

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Do you choose a self-care activity? Managing your finances matters.

Important points

  • Some self-care activities are fun, like taking a bubble bath or enjoying a glass of wine.
  • But other tasks, like looking at your finances, are necessary self-care practices.
  • Tori Dunlap suggests prioritizing financial self-care by inviting yourself on a money date.

Tori Dunlap is a finance guru and social media influencer who shares personal finance knowledge through her Her First $100,000 brand. She has helped millions of women improve their financial situation with her guidance.

your podcast, financial feminist, is one of the many free educational resources it offers. In episode 11, Tori explains why looking at your finances is a powerful self-care practice. Learn why you should take the time to review your finances and what steps you should take.

What is self care?

The episode begins by discussing self-care. Self-care is a popular expression in today’s world.

When we hear about self-care, we typically think of more glamorous or indulgent self-care practices like planning a spa day or pampering yourself with a cocktail or glass of wine.

While these types of self-care tasks can be nice, Tori notes that these examples tend to be more self-soothing activities aimed at making us feel better about ourselves in the moment.

She goes on to explain that other self-care tasks — especially ones that aren’t glamorous and feel awkward — are just as important. Why? Because they may be necessary to bring about positive changes in our lives.

We should take time for difficult tasks that can improve our future. Some examples of more difficult tasks we could do for self-care include major health changes, difficult conversations with the people we love, and going to therapy.

Make time for difficult self-care tasks, too

Another example is taking the time to regularly assess your money situation. One way to do this is to have money deadlines with yourself and your finances. Tori recommends setting aside time for this at least once a month.

If you are alone, you can do this alone. But if you and your partner share finances, you should have common money dates so you’re both on the same page.

How to go on a money date

Looking at your finances is essential. It will be difficult to make informed decisions and achieve your financial goals if you don’t. If you’re new to the idea of ​​a money date, Tori suggests taking the following steps:

  1. Check your credit card statements and review your purchases. When you look at your credit card statements, look for forgotten subscriptions and mistakes, and ask if every purchase you make is something you value.
  2. View your account balance. Find out how much you owe and how much your savings, investments and checking accounts are so you know where your finances are right now.
  3. set money goals. Set specific, actionable money goals so you can work toward them. You can set short-term and long-term money goals. Don’t be too vague and realistic about the goals you set.
  4. Finding ways to bring about positive change. Find out what you need to do to optimize your finances and be successful. This may mean opening a new financial account, developing better habits, or using new financial tools to your advantage.

If the idea of ​​a money date feels uncomfortable, you’re not alone. Tori recommends getting creative to make the experience more enjoyable. You can make it fun by ordering your favorite takeout or enjoying a treat while you take care of your financial affairs.

Don’t ignore your finances

If you want to change your life, you must not ignore your financial situation.

Being proactive and having regular money appointments can help you be more successful. You can see what you need to do to reach your goals faster.

It’s never too late to make positive changes that will improve your financial situation. Check out our personal finance resources for more tips and guidance.

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