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134 | Budgeting: The Basics and How to Master It, even With a Family and as a Mom

134 | Budgeting: The Basics and How to Master It, even With a Family and as a Mom

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


134 | Budgeting: The Basics and How to Master It, even With a Family and as a Mom

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

ratings:
Length:
41 minutes
Released:
Sep 4, 2023
Format:
Podcast episode

Description

In this special episode, we're merging the best of two worlds: practical budgeting tips and a mindset shift to embrace financial freedom. So, whether you're new to budgeting or looking to refresh your approach, listen in for some valuable insights.
Setting the Financial Foundation

Creating a budget can be like mapping out your financial adventure. In this segment, we're discussing how to start without the scary budgeting jargon.
We're here to tell you that budgeting isn't a daunting task. It's like creating a roadmap for your money. They suggest beginning by listing your income and expenses, including a personal spending category. Yes, treating yourself is part of the plan!

Prioritizing and Ground Rules

Now, it's time to dive into prioritizing your spending and setting some ground rules.
We emphasize the importance of balancing expenses. Kids are wonderful, but they shouldn't dominate your finances. Create a kid's budget and stick to it. This way, you can avoid guilt and teach your children responsible money management.

Mindset Shift and Removing Temptations

Our third segment explores the power of shifting your mindset and dealing with financial temptations.
We discuss shifting your mindset from scarcity to abundance. Your finances are a tool to enhance your life, not a burden. And those tempting Amazon accounts? Consider separating them or using separate accounts for bills and spending to regain control.

Tithing and Mastering the Art of Budgeting

Why a budget is your financial anchor.
 The role of tithing and charitable giving in your financial plan.
 The significance of dedicating a portion of your income to tithing and giving back.
 How to incorporate tithing into your budget while ensuring your financial goals remain attainable and enjoyable.

Overcoming Financial Anxiety

Confronting the anxiety often associated with financial management.
 The empowerment of assessing your financial situation.
 Strategies for eliminating those tempting, oneclick shopping options.
 Techniques for making informed, confident spending decisions.

Balancing Family Finances

 Navigating the "mom guilt" conundrum and achieving a harmonious equilibrium.
 The pivotal role of setting a budget to cater to both family needs, personal desires, and charitable commitments.
 Tips for fostering open and honest money conversations with your spouse.
 Teaching your children valuable financial lessons that will serve them throughout life.


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Released:
Sep 4, 2023
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.