- Three types of people this class is for
- Those who mostly have enough to get by, but want to end the anxiety about money (the most common)
- Those who are barely living paycheck-to-paycheck, and need to manifest more income
- Those who are pretty comfortable, but want to take it to the next level
- The danger of acting as if you have more money than you do
- Budgeting can help you to feel more secure, which draws more security, in the form of money, to you
- You must start from where you are, and not from fantasy
- Be realistic about what you have, and take control of your current situation
- Learning to prioritize your goals
- Declare your intention through a nominative action
- The 4 rules of budgeting:
- Give every dollar a job
- Embrace your true expenses
- Roll with the punches
- Age your money
- To start, go through your previous month's statement and pick out your regular expenses
- Then, determine your long-term periodic expenses and what you'll need to save
- Finally, save anything left over to savings goals, like vacation or buying a house
- Stop using credit cards as free money, but make them count towards the budget
- Paying off your debts
- The 3 steps of budgeting:
- Enter your income
- Budget your income to zero
- Follow the budget, and adjust as necessary
- Demonstration of the software, You Need a Budget (YNAB)
Note: The application used in the demonstration is called You Need a Budget (YNAB). I highly recommend signing up for the 34-day trial of this application. It can do many more things than was demonstrated in this class.
Please note that I am not affiliated, nor do I receive anything for referring YNAB. I simply have never found a better budgeting software.
If you have questions about how to use YNAB, either during the class, or even at any point in the future, simply ask in the comments below, and I am happy to help.
If you have questions about this class, or would like to discuss the material, feel free to leave a comment below.