The KonMari Method, a creation of the renowned Marie Kondo, has taken the world by storm, unlocking the power of decluttering and reorganizing our physical spaces. But did you know these principles can also be harnessed for your business finances? Just as a tidy home brings calm and clarity, streamlined finances can lead to financial triumph and serenity. Follow the Six Rules of Financial KonMari to help you achieve these goals.

Rule 1: Commit to Tidying Up Your Finances

The first step towards financial empowerment in your business is making a steadfast commitment to tidying up your finances. Just as Marie Kondo encourages us to commit to transforming our living spaces, commit to your financial well-being. Take this moment to set your intention and make a solemn promise to yourself to enhance your financial situation.

Take action: : Craft a financial mission statement for your business, articulating your financial aspirations and values.

Rule 2: Imagine Your Ideal Financial Situation

In the KonMari Method, visualization is a powerful tool. Picture your ideal living space. Similarly, envision your ideal financial situation for your business. What does success look like for you? Visualizing your ideal financial situation for your business is like planting the seeds of abundance. As you see and believe in the prosperity you seek, you align your actions and energy towards manifesting it. Define your financial vision to empower yourself with a clear target to strive for.

Take Action: Create a visual representation of your financial goals through a vision board or written document.

Rule 3: Discard What No Longer Serves Your Business

Now, it’s time to empower yourself by discarding financial habits and expenses that no longer serve your business. Letting go of what no longer serves your business is akin to shedding old skin to reveal a fresher, more vibrant layer beneath. It paves the way for growth, innovation, and a renewed sense of purpose. Streamline your spending, ensuring every dollar contributes to your financial triumph.

Take Action: Regularly evaluate your business expenses and confidently eliminate any misaligned costs. Check out this Finance Check-ins post on Instagram for guidance!

Rule 4: Tidy by Category 

Similar to Marie Kondo’s approach of categorizing belongings, apply this principle to your financial data. Setting clear financial intentions is like plotting a course for your company’s financial ship. Assign purpose to every dollar that flows into your account. That purpose could be for personal expenses, operations, or future savings — whatever feels right in your heart and mind. 

Having this Intentionality not only brings order but also ensures financial ease and prosperity. With intention, you steer your financial ship toward your idea of success.

Take Action: Leverage the power of accounting software, such as Quickbooks, to effortlessly categorize and organize your financial transactions. You can also take this a step further by setting up different accounts for each category and automating the percentages of incoming revenue to each account. 

Rule 5: Follow the Right Order

To maintain financial empowerment, embrace systems and habits with your financial tasks. Establish regular financial dates with yourself to conquer tasks like record-keeping, budgeting, and invoicing.

Take Action: Try to consolidate your invoices to be due on the same day every month (such as the 15th or the 1st) and schedule money dates into your calendar on these dates to check in on what has been paid, what is overdue, and what needs to be followed up on. 

Rule 6: Ask Yourself if It Sparks Joy

Marie Kondo’s signature question, “Does it spark joy?” applies to your financial choices. As you make decisions for your business, ask yourself if they genuinely spark joy and align with your financial vision and goals.

Take Action: Align your financial decision-making with your goals and desires by assessing whether each choice resonates with your vision for financial success.

Conclusion

Incorporating the Six Rules of Financial KonMari into your routine empowers you to build an organized, efficient, and joyful financial life. By committing to tidy up your finances, visualizing your financial triumph, discarding what no longer serves your business, and embracing the right order of financial tasks, you can achieve financial empowerment, ensuring every financial decision is infused with confidence and joy. Don’t let clutter hinder your success. 

If you want to learn more about keeping your finances organized, check out our freebie, The Ultimate Guide to Financial Wellness.