Hello, Healers! As we finish our tax returns here, this has been a powerful time for me to reflect on the many past money mistakes I've made in my healing practice. For too many years to admit, I mismanaged and misunderstood my income and expenses. I had no money management systems for figuring out what was working and what wasn't, or even for dealing with money. Today, I give you three stress-busting tips to heal your money systems.
Money is a flow of energy and information, and like all other energy, money loves to be loved. Take a look: how do YOU love money in your practice? Here are a few practical tips I've implemented over the years that really helped me:
(1) Welcome money with an attractive, organized way to collect receipts. If you hand a shoebox of receipts off to an accountant, decorate that shoebox! If you have a tray or bowl for new, unprocessed receipts, make it beautiful. Some traditions suggest red and gold to build money, others like green. What is the color of abundance and wealth to you?
I now keep my receipts in a golden 3-ring binder covered with glittery holographic stars, separated by 12 monthly tabs you can buy anywhere. Bank statements have bank recepts paperclipped on. Small cash receipts for the month get taped by date to yellow sheets of 3-hole-punched paper. Receipts for trips get taped to and notated on blue sheets of paper. When I collect all the receipts on a statement, I staple them and remove the paperclip.
(2) Welcome money with an Income Received sheet. When my practice was small and growing, I struggled to remember what went into my deposits. Then one year a chiropractor showed me her Income Received sheet. Every check or credit card charge she received was jotted on the sheet, and the month tallied. I bracket the items I deposit together and date it. My form had these column titles:
Date - Amount - Check/Cash/CC - Services Rendered - Notes (Client Name) - Deposited
Don't forget to print your sheets on a pleasant color and use your favorite font. Make it fun. Enjoy writing down the income you receive! Fill it out after each client appointment if you can, or else the end of the day. What a great system to give incoming money the attention and gratitude it deserves. You can even jot a prayer or heartfelt thank you at the bottom of the sheet.
(3) Welcome money with an organized way of processing your bookkeeping and receipt-organizing. Put bookkeeping time in your schedule every week — and I mean SCHEDULE IT and treat it like a client appointment, healer! Keeping this appointment is a key to your accounting freedom. Sit with your receipts each week and organize them, catalog your car mileage, and/or enter everything in Quickbooks or your spreadsheet. After two insane years of leaving 100% of my bookkeeping to do at the end of the year, I now do these tasks weekly. It's amazing how little time is needed to keep on top of everything!
Want a really good reason to systematize like this? It will save you money and time. You will write down income and expenses you would have forgotten if you'd put it off. You will save on your accountant's hourly charges if you are more organized. And you will have SO much more peace of financial mind.
Systems like this make your practice run smoothly. Try it out and let me know what you think.
Do you have any other money systems that have really worked for you? Please share with us in the comments! And let me know if you have any more questions about healing your money mind.