4 simple steps to take control of your money | Mel Robbins #Shorts

Step one is to write everything down. Just the words of what do I spend money on? Don't think about the month. Just in general. So it's like oh the kids. Oh, credit card. Oh, grooming. Going out. Like just I want you to just write the words. Don't think about the money. Just words. Okay. — So that's first part. Yes. Then step two is now you say these words on my money list. How much am I spending approximately monthly? Some stuff you'll know like your mortgage or your rent. Some stuff you might not be sure. Go pull out your bank statement and see on average the last few months how much you're spending on uh groceries or eating out or grooming — or electricity or water or any of those things that you don't even really think, "Oh my god, I got that bill. " — Exactly. So then that's within a month frame on average. Right. So that's step two. Okay. — Then step three is to write down how much you make on average every month from all of your areas. So maybe you get alimony, maybe you get child support, maybe you have a job, whatever that is. How much are you making monthly? Then you add up, step four, you add up how much you're spending monthly and subtract it from how much you're making monthly. I call that the tears and tissue step because usually people get there and they're like, "Can I have a tissue? " — So I when I used to do one-on ones, we would do all of that and people would be like, "Okay. " And then I would literally just grab a box of tissues and just put it here cuz I'm like, "It's about the water. " Cuz you know, they add it up. I remember it was a nurse. Oh, I'll never forget. Um I'll call her be. and I came to her house and it was beautiful condo and so we did that step and she started crying and then I started crying cuz baby I'm a baby. Um, and she was just like, I didn't realize how much over I was spending. And she said, as a matter of fact, I can't even afford the air conditioning that's on. Can I turn it off? And I was like, yay. Yes. So, we sat with the fan on because she just turned on the air condition cuz I was coming over. So, I was like, turn off the AC. A fan is fine. That tears and tissue step allows you to see what do you need to do now?