Make Your Finances Work for You: Part 3
Boundaries, balance, and building confidence
As we conclude this series, we’re shifting focus to the principles that will help you sustain and grow the financial habits introduced in the previous articles on Clarity and Purpose and Building Financial Resilience.
Setting boundaries, finding balance, and building confidence are the tools you need to make thoughtful choices that align with your values. These principles give you the clarity and freedom to enjoy life while securing your future.
Set boundaries without feeling restricted
Boundaries aren’t just for kids demanding chocolate before dinner or Shabbos guests lingering when you’re desperate for a schluff. They are also a key part of managing money effectively.
Far from being restrictive, boundaries provide structure and clarity. They allow you to focus on what truly matters while reducing unnecessary stress.
Setting financial boundaries means giving your money a purpose. Think of it as telling each pound where to go rather than wondering where it went.
For example, if Yom Tov expenses are too much, a boundary might involve deciding how much you’d like to allocate and sticking to that number. Instead of multiple shopping trips that can lead to overspending, make one comprehensive list and focus on the essentials. This approach controls your spending and reduces the time and energy spent on decision-making.
Boundaries shift your mindset from “Will I have enough?” to “Here’s what I’ve planned for.” They remove the guesswork and create calm around your finances.
Balancing enjoyment and responsibility
Finding financial balance means making room for the things that bring you joy while keeping an eye on the bigger picture.
Take the example of planning for the summer holidays. One family working with Mesila created a budget of £250 each week so the family could decide whether to use it for outings, eating out or treats. The kids took the lead, giving them the responsibility to decide how to spend their money in the way they enjoyed it best.
The same principle applies to daily spending. Taking a moment to reflect on what you truly value can make planning easier. It might be prioritising a family meal out, a meaningful day trip, or simply building a small savings cushion for peace of mind. Spending on what matters most and carefully cutting back on what doesn’t makes it possible to enjoy life today while staying aligned with long-term goals.
Balance also creates room for spontaneity. When your finances are organised, it’s easier to say yes to a last-minute outing with friends, a treat for the kids, or a small indulgence that brightens your day.
Balance gives you confidence in your spending choices, allowing you to enjoy meaningful experiences without compromising your financial stability.
Building confidence and celebrating the journey
Financial confidence doesn’t arrive overnight. It’s built step by step as you develop habits that strengthen your ability to manage finances and deal with setbacks. Recognising your progress is a vital part of sustaining it.
Take a moment to reflect on how far you’ve come. Maybe you’ve started tracking your expenses, opened a savings account, or created a budget that reflects your family’s priorities. Each of these actions is a milestone worth celebrating, even if there’s still work to do.
One Mesila client shared how she used to end up in overdraft every month. With consistent effort and the support of a coach, she learned to treat her budget as a partner. Today, she has significant savings and feels a sense of control she never thought possible. Her story is a reminder that change is possible, no matter where you start.
Consistency is key to building confidence. When you stick to your financial plan, avoid an unnecessary expense, or take a step toward a goal, you reinforce the habits that lead to long-term success.
Moving forward with intention
As this series concludes, think about the next step in your financial journey. What boundary can you set now to feel more in control?
It might be opening a savings account for a specific purpose or deciding on a limit for “fun” spending. What can you do to balance enjoyment and responsibility in your budget? Maybe it’s setting aside funds for a family outing or beginning to save for an upcoming simcha.
Financial stability is a journey, not a destination. Boundaries protect what matters most. Balance allows you to live fully. Confidence gives you the resilience to keep going.
At the end of the day, managing your finances is about creating a life where your money works for you, not the other way around.
