The Money Mindset Podcast
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#133 What category should I put this in?

March 30th, 2023

Are you someone who struggles with categorizing your expenses and sticking to a budget? Do you find yourself getting overwhelmed and overthinking every little purchase you make?

If so, you're not alone. Many people struggle with categorizing their expenses and keeping track of their spending.

In this episode of the Money Mindset Podcast, Ashley will help you shed yourself of overthinking and fear so that you can start taking action towards your financial goals. She'll address common questions like what budget category to use for toiletries, paper products, and groceries, and how much to budget for these items. She will also walk you through some simple steps to help you categorize your expenses effectively, and stick to a budget that works for you.

Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.

I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.

Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.

“Don't make it overly complicated cuz you need to be able to follow through with the plan and actually track the stuff. And if you make it too complicated to track, you're not gonna follow through with it.”
- Ashley Patrick

Timestamps:
00:00 - Introduction to the episode
02:15 - Categorizing groceries
04:27 - Suggested budget for groceries
06:35 - Other budget categories
07:52 - Cash envelopes
08:29 - Using cash
10:17 - Budget Starter Kit
11:10 - Make your categories specific enough for you
12:03 - Last words of wisdom

If you would like to sit down with me and discuss what you are struggling with and some steps that you can take to make progress and get over that big struggle, I invite you to sign up for your own Budget Strategy Session episode at www.budgetsmadeeasy.com/strategy and have a mini coaching session with me.

And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes

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