As we are filling up our carts with an abundance of gifts for your loved ones along with some presents for yourself, it is very easy for your December spending to go above and beyond your daily spending. Remember that it is only once a year and it is also good to remind yourself to still find ways to enjoy this festive season of generosity and to not feel stressed over the extra money that is spent. The money you spend will ALWAYS find a way to come back if you develop a good relationship with your money and you continue to develop an abundance mindset. These are habits that you can focus on year round and goals that you should make a conscious effort each and every day.

In the month of December, we are closing out another year and this is a good time to actually REFLECT on your money for the past year. Did you increase your net worth? Are there areas of your life that you overspent? How well did you manage your money in the past year? The ultimate way you can answer these questions is if you go through your credit card statements or if you take it a step further and keep a journal with all your expenses, this would be a good place for you to look at where exactly you spent your money and how much. While this for some might sound tedious and increase your stress levels, try to look at this as a way to set yourself up for a brighter future ahead. With the new year coming, it is good to look back and assess your current money habits so that you can create even better ones for the following year. If you don’t currently have a money reflection at the end of the year, it is never too late to start and let this December kick off this new financial habit before we ring in the new year!