258 | Budgeting Basics: How to Create a Simple and Effective Budget

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

Snag Our Signature Budget Template!

Hey Budget Besties! 🎙️

Have you ever tried to do a budget and felt like running away screaming? Today, we’re breaking down why budgeting doesn't have to be complicated. We’ll show you how to lay it out simply, understand it fully, and actually stick to it. No more confusion, no more overwhelm!

Episode Highlights:

1. Budgeting Misconceptions: Ever felt like you needed a PhD to understand a budget template? Us too. We’ve been there, and we’re here to simplify the process.

2. Health and Budget Comparison: We draw parallels between complicated diets and budgeting—both often involve unnecessary steps that lead to stress and inaction. Let’s keep it simple!

3. Why Most Budgets Fail: Traditional budgets often miss the mark. For example, placing debt payments at the bottom doesn’t prioritize what’s most important for many of us—clearing that debt!

4. Our Budgeting Journey: From Dave Ramsey’s plan to our personalized approach, we share our evolution in creating a straightforward, effective budget.

5. The Five Simple Columns:

6. Income: All money coming in.

7. Debt: Minimum payments listed upfront to highlight priorities.

8. Bills: Recurring monthly expenses (yes, mortgage goes here!).

9. Spending: Discretionary expenses like groceries, gas, and entertainment.

10. Savings: Set aside for goals like vacations, home maintenance, and more.

11. Tailored to You: Our budget template is designed to be flexible and customizable to fit your unique lifestyle and goals.

12. Automate for Success: Learn how to automate your budget to make managing your money effortless.

Key Takeaway:

Budgeting doesn’t have to be scary or complicated. With our one-page budget template, you can see your financial picture clearly and take control with confidence.

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

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