There is no right or wrong way when doing your budget but it is important to figure out what works for you.
Your budget shouldn’t feel restrictive and suffocating, so giving yourself enough flexibility can make it a little more fun to stick with, especially when you're paying off debt.
Listen in and gain tips on how to give yourself flexibility by learning more about sinking funds, how to budget for the things that always "pop up", and how to use visuals to help keep track of your debt and finances.
I'm Ashley Patrick, ex detective turned debt-free CEO of my very own business and stay at home mom of three. Not too long ago, my dreams of staying at home with my kids seemed impossible. I thought I'd have to stay miserable in a high stress demanding job, just so I could retire someday.
After gaining the confidence in my own ability to manage my family's finances and a simple step-by-step plan to make it happen, I was able to pay off $45,000 in just 17 months, which then allowed me to finally quit my job, stay at home with my kids, and build a debt-free business.
Now, my mission is to help moms like you conquer debt and free themselves from the mental load of handling their family's finances.
“You don't have to do it one way. Like you can start one way do it another, like it really is personal, like figuring out what works for you.”
01:58 - Meet Marie
05:37 - Figuring out what works for you
06:23 - Marie's financial struggles
08:57 - Strategies to help with Marie's financial struggles
11:06 - Adding a sinking fund for fun and miscellaneous spending
16:05 - Marie's 24 hour goal
18:23 - Putting money aside for the extra things that always "pop up" in your budget
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 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
Resources and Links Mentioned:
- Book your Budget Strategy Session here-> www.budgetsmadeeasy.com/strategy
Connect with Ashley:
- Instagram: www.instagram.com/budgetsmadeeasy