Grab the Budget Power Hour here.

Hey there, fabulous listeners! ? In this episode, we're diving deep into the world of spending and how to get a grip on it. ? We've got some eye-opening stories to share, actionable steps, and a whole lot of budgeting wisdom coming your way. Let's get started! ?
We had a client who didn't realize she was spending $2,675 a month without accounting for bills, savings, or debt payments! Sound familiar? ?‍♀️ Overspending or random spending is more common than you think.

1. Creating a Personal Spending Budget: ? Step one in taking control of your spending is figuring out what you're already spending. Track your expenses for 90 days and use highlighters to categorize them. It's an eye-opener!

2. Spending with Purpose: ? Step two is creating a personal spending budget. This is your pocket money category, a guilt-free zone for spending on things you love. It's all about being in control and spending with intention.

3. Planning for the Expected:* ?️ We challenge the idea of "unexpected expenses." With proper planning, most of these so-called unexpected costs can be anticipated and budgeted for. From car maintenance to birthdays, we've got you covered.

4. Savings Buckets: ? Start planning ahead for regular expenses like Christmas or back-to-school shopping. These are like little savings buckets to dip into when needed.

5. A Balanced Approach: ⚖️ We believe both partners should have their own personal spending budget, and it should be a mutually agreed-upon amount. It's all about teamwork.

6. The Freedom to Spend: ? When you have a clear budget and personal spending categories, you'll feel more in control and less stressed about spending. It even reduces emotional spending!

Remember, taking control of your spending is empowering, not restrictive. It's about creating a plan that gives you the freedom to spend on what truly matters to you. ?

Thanks for tuning in, and don't forget to check out our Budget Power Hour at myidealbalance.com/workshop

---

Send in a voice message: https://podcasters.spotify.com/pod/show/idealbalance/message