Show notes
Snag Our Signature Budget Template!
Hey Budget Besties! 🚀 In this episode, we are taking on the challenge of building a complete budget in just 20 minutes. With an average income of $9,500 a month, they’ll walk you through their super easy-to-use budget system, showing you exactly where to allocate every dollar.
You'll learn how to break down your paychecks, focus on actual numbers, and give every dollar a job. They dive into the importance of tracking income separately, handling debts, and prioritizing bills—all while making sure there's room for some fun money, too! Plus, they’ll show you how to plan for savings, prepare for those sneaky "pop-up" expenses, and even put extra cash towards paying down debt.
The best part? our system takes the guesswork out of budgeting, so you always know where your money is going. It’s quick, straightforward, and perfect for anyone who’s ever said, "I just don't have time to budget." By the end of this episode, you’ll see just how doable it is to have a budget you can actually stick to!
Key Takeaways:
Separate Paychecks: Break down your income by each paycheck instead of one lump sum to update your budget accurately.
Prioritize Debt: Start with minimum payments on all debts, then see what you can do with the extra cash each month. Dream about what life could be like without those payments hanging over you!
Categorize Expenses: Keep bills and fun expenses in separate categories to get a clear picture of where your money is going.
Use Multiple Accounts: Have a separate account just for bills and debts, making it easier to track and manage your spending.
Plan for Savings: Allocate funds each month for non-negotiable future expenses—goodbye, surprise bills!
Stay Flexible: Adjust your budget as needed, especially when dealing with inflation or unexpected costs.
Get to Zero: Aim to assign every dollar a job, so you end up with a zero-based budget—on purpose, not by accident!
Track and Adjust: Keep an eye on your budget throughout the month, checking off expenses and making adjustments as needed.
4 Ways To Connect With Us:
1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall
2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook
3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget
4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching
"I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone.
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