290 | Stress-Free Budgeting, Marriage & Money Tips, and Teaching Kids Financial Literacy

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

Snag Our Signature Budget Template!

Listen in on our conversation with our friend Marina Tolentino from The Work Like A Mother Podcast.

Highlights:

• Shana and Vanessa share their podcasting journey, from starting on a whim to getting serious about consistent content creation.
• Insight into their strategy of recording and publishing three episodes a week, which led to their podcast’s success.
• The importance of dreaming together and having regular financial meetings.
• Tips for balancing different spending habits within a relationship.
• Using “we” and “our” language to foster teamwork in financial planning.
• The benefits of separating accounts for bills, groceries, and personal spending.
• Practical steps for setting up an automated budgeting system.
• Overcoming the overwhelm of financial planning with a one-page budget template.
• Strategies for managing finances with inconsistent income, such as for realtors or entrepreneurs.
• The importance of having reserves and creating a holding account.
• How to balance enjoying life and saving money.
• The concept of savings buckets and prioritizing spending based on personal values.
• Starting with small investment percentages and gradually increasing them.
• The importance of visualizing retirement and setting realistic financial goals.
• Starting financial education early and incorporating money talks into everyday life.
• Using allowances and spending categories to teach responsibility.
• Practical advice for mindful spending and managing the ease of online shopping.
• The benefits of having a separate account for personal spending money.

Key Takeaways:

• Automate Finances: Set up automatic transfers to separate accounts for bills, groceries, and personal spending to simplify money management.

• Regular Financial Meetings: Schedule monthly meetings to review finances, set goals, and stay aligned as a couple.
• Savings Buckets: Plan for annual expenses by setting up savings buckets for things like vacations, holidays, and big purchases.
• Teach Financial Literacy: Start teaching kids about money as early as possible, using allowances and real-life examples.
• Personal Spending Accounts: Use separate accounts for personal spending to avoid overspending and ensure clarity.
  

4 Ways To Connect With Us:

1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall

2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook

3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget

4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching

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