279 | How to Budget and Spend Money with Confidence 💸: A Step-by-Step Guide for Stress-Free Spending

Financial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

Snag Our Signature Budget Template!

Hey Budget Besties! 🎉

Welcome back to another episode of our podcast, where we are here to help you take control of your spending money with confidence. Today, we're diving deep into understanding what counts as spending, setting up the right budget, and creating systems that make managing your money easy peasy, lemon squeezy! 🍋

Episode Highlights:

1. Understanding Spending:

2. Spending isn’t your bills, debts, or savings. It’s everything else!

3. Categories to consider: gas, groceries, pocket money, kids’ money, restaurants, family fun, entertainment, haircuts, babysitter money.

4. Simplifying Your Budget:

5. Stick to five categories: income, bills, debt, spending, and savings.

6. Keep it straightforward and manageable to avoid confusion.

7. Setting Up for Success:

8. Decide on a monthly budget for each category.

9. Choose between cash envelopes or digital accounts.

10. Name your accounts for fun and clarity (e.g., “Family Fun,” “Gas Money”).

11. Creating a Paycheck Plan:

12. Split your monthly budget into paycheck-specific amounts.

13. Automate transfers to your spending accounts.

14. Enjoy the freedom of knowing exactly how much you can spend each month.

15. Making Spending Easy:

16. Check your account balance before making a purchase.

17. Bring your kids into the conversation to teach them financial literacy.

18. Adjust and personalize your categories as needed to fit your lifestyle.

Key Takeaways:

1. Know Your Spending: Recognize what’s truly spending vs. bills, debts, or savings.

2. Keep It Simple: Use clear, easy-to-understand categories.

3. Plan Ahead: Set up your budget and accounts so you can spend with confidence.

4. Stay Flexible: Adjust your spending categories to suit your unique needs and habits.

Fun Tips:

1. Name Your Accounts: Add a personal touch to your accounts with fun names like “Date Night Fund” or “Kids’ Adventure Money.”

2. Teach Your Kids: Empower your kids by letting them help manage their own spending money.

3. Use Cash: Sometimes cash can help you stay more accountable and even get some discounts!

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.

Click here to view our privacy policy.

This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!