4 Mindset Changes to Overcome Setbacks and Transform Your Finances

Money & Mimosas at the White Sands, New Mexico

When you are going through a tough time, thinking about your finances is the last thing that you want to do. If you've been involved in a life-changing situation - an accident, illness or a break-up, your finances may be impacted as a side effect of this challenging transition.

it is really tough to think about finances during this time. Be kind to yourself as you build your financial courage. Tending to your finances is an act of self-love, and the more you practice it the better you’ll feel about yourself and the more empowered you will be.

Be Honest

If you avoid checking how much money is in your account, now is the time to stand up to your fear. At least if you know how much money you do have (or don't have), you can start making changes to improve your situation significantly. And the sooner you’ll be back on the road to financial independence.


Once you have seen how much cash you have in your account, start to examine your statements to see where your money is going. If your money is being spent each month on subscriptions and memberships that you don't use, go ahead and cancel them. See, you've gained some extra cash already! How's that for an instant win!

Take What's Yours

Some women have an apologetic attitude to money, don't let that be you! If you are owed money, make sure that you take what's yours. If you are going through a hard time because of an accident, then you could appoint a lawyer to make a claim, Hupy & Abraham can help you get the compensation you deserve which could help you to get back on track and aid your recovery.


Empower Yourself

When you are having a hard time, your confidence can sometimes get knocked. See this time as a fresh start, and empower yourself to make the very best of it. If you're at the bottom the only way is up, right!

Think of how you would like to make your money, will you go for a promotion? Will you start investing? Will you start your very own side hustle? Start making plans to get yourself excited about the future and what you will achieve. Think about what you want to spend that money on, once you have earned it. Visualizing your success, and what it will feel like can help you to make it become a reality.

Think Like a Boss

If you want to be the boss, it's time to think like a boss. When you are going through a difficult time and have had set-backs, you may feel like it will be this way forever. But remember, bad times are only here for a season. Once you start taking steps to gain back control of your life, you will begin to see a change. Promise! Now is the time to break through the limitations you have imposed on yourself, and to find out what you are capable of achieving.



 About Money & Mimosas: Money & Mimosas was started as a passion project by Danetha, a former NFL cheerleader and CFO. After a brunch conversation with girlfriends, Danetha was inspired to launch a resource to learn how they could all enjoy life while being smart with their money. Because who doesn’t want to have their money and mimosas, too?

Want more money tips?

Join the free Money & Mimosas Insider List.