10 Topic Money : "The Budget is REAL"

No More Excuses. Wake Up!

If there is one thing to know about me, I am serious when it comes to money and budgeting. Which is why I not only wrote about this topic in my book Whippin Debt’s Ass, but I also talk about the importance of sitting down each time you are paid and work on that budget to plan your monthly expenses. In this episode, "The Budget Is Real", I am breaking down how to utilize my personal budget spreadsheet. I separated each category that has a separate total, which you will be able to see what you are GOING to spend before you begin to pay your bills.

The bottom line is after all the bills are paid and you put money in the envelope category such as groceries, vacations, take out and date night, the left-over balance goes to pay your DEBT. This is called the burner syndrome. I will go into detail to break down the burner syndrome in another episode because the burner syndrome method will tell you what category to focus on in your envelopes. So, you are saving and living at the same time instead of having unnecessary envelopes and strategically planning.

I want you to focus on getting used to using a budget. If you do not have a budget you are not seeing your money perform. Which is why you do not know what you are spending and saving. Budgeting will be that guide to help you perform a better financial lifestyle.

If you need help with budgeting I have a 1-1 coaching for personal or business click here to see more

From this episode you will learn

• Budget is an outline for what you are going to spend before you spend.
• Commit to the budget which you will be committing to yourself.
• Execute the budget, by holding yourself accountable for making an agreement with yourself to improve your financial conditions.
• Plugging in, paying yourself and putting money away in the envelope category for groceries, take out, vacations etc.
• Spreadsheet categories, Income, Monthly household expenses, Monthly Debt payments, Envelopes.
• Special Circumstance is a place to put a surplus of money such as Child Support, Social Security or Survival Benefits to separate from your job income

Words of Affirmation

You can accomplish anything! Just Do You!

On each episode of No More Excuses. Wake Up! We will be talking about Money, Entrepreneurship & Life Skills that were not taught.

You can download my free budgeting spreadsheet at www.stenellthemoneytherapist.com. while you are there watch my video as I portray Muhammad Ali showing you how I kick down close doors

Book a 3-month 1-1 personal or business coaching call with me: https://stenellthemoneytherapist.as.me/consultation

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MONEY ENTREPRENEURSHIP AND LIFE- SKILLS THAT WAS NOT TAUGHT!