Music Mondays - Let It Go - Demi Lovato

We all make financial mistakesThis song is from the movie Frozen, and although I have not seen the movie, I have found inspiration in this song. Since I have not seen the movie, I cannot comment on what this particular woman is letting go; however, I can say that the concept of “letting go” is a great one when it comes to personal finance. As I discussed last week, many of my clients and friends got a little out of control with their spending over the holidays. This happens with a number of people and if you are one of them, you are not alone. Past spending, though, is exactly that, it is in the past. Just like past eating is in the past. Yes, I wish I did not eat that extra brownie on Christmas Eve, but I can’t take it back. Despite our strongest desires and wishes, we cannot turn back time.The past is the past Your best solution is to let it go. I see too many people live in the past and say, “But I used to make this” or “I can’t believe I spent that” and where it is good to learn from past mistakes, we also have to move forward. The best way that we can move forward is letting go of the past and embracing a better future. Yes, I wish I didn’t eat that brownie, but now I am moving forward and watching my eating to help make up for the brownie-eating incident. If you had a tough time keeping to a budget or controlling spending last month, or the last five months or the last few years, you do not have to keep doing this. Use the beginning of a new year as the opportunity to let go of bad behaviors and activities of the past and look forward to the future. Learn from your mistakes or regrets and when you do, you take a negative experience and turn it into a positive.A  better you is right around the cornerAnd the first step to a better, more fiscally responsible you, is letting go of the past and leaving it in the past. I plan to spend the next few weeks on specific strategies and tactics for dealing with the past spending, so don't worry about the future. Just let go of the past!http://www.youtube.com/watch?v=kHue-HaXXzg