#140: How To Make Saving Money a Priority in Your Life
01/18/24 • 21 min
Feel the weight of financial stress lifting off your shoulders as I, Allison, guide you through my personal financial renaissance. It's a journey from sleepless nights peppered with anxiety to a serene state of mind, all thanks to the art of saving. I unravel the rich tapestry of strategies that have seamlessly integrated savings into my life, even as I navigated the murky waters of debt.
Discover the magic of sinking funds, my ace in the hole for dealing with those unexpected, yet inevitable, expenses. We'll share stories and tips on how you can begin to weave this powerful financial tool into your own life, transforming potential disasters into mere inconveniences with the help of a well-planned budget.
Our conversation goes beyond the basics, delving into the trinity of savings. Once you've got your emergency fund buttoned up, it's time to play offense with your finances.
We'll discuss how to strike a balance between stashing cash for predictable costs with sinking funds, saving for the sunny days with aspirational funds for those life-enhancing experiences, and setting aside a few pennies for the proverbial rainy day. Learn how to enjoy guilt-free spending on the things that matter most to you and make saving second nature with the strategic deployment of automated transfers.
Wrapping up, we underscore the importance of prioritizing savings by making it a habitual action. Whether it's earmarking funds for that festive holiday season, covering annual dues, or planning for a well-deserved getaway, I break down how automating your savings can safeguard your budget from the temptation of impulse buying. We also touch on the allure of high-yield savings accounts and how they can elevate your savings game.
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Feel the weight of financial stress lifting off your shoulders as I, Allison, guide you through my personal financial renaissance. It's a journey from sleepless nights peppered with anxiety to a serene state of mind, all thanks to the art of saving. I unravel the rich tapestry of strategies that have seamlessly integrated savings into my life, even as I navigated the murky waters of debt.
Discover the magic of sinking funds, my ace in the hole for dealing with those unexpected, yet inevitable, expenses. We'll share stories and tips on how you can begin to weave this powerful financial tool into your own life, transforming potential disasters into mere inconveniences with the help of a well-planned budget.
Our conversation goes beyond the basics, delving into the trinity of savings. Once you've got your emergency fund buttoned up, it's time to play offense with your finances.
We'll discuss how to strike a balance between stashing cash for predictable costs with sinking funds, saving for the sunny days with aspirational funds for those life-enhancing experiences, and setting aside a few pennies for the proverbial rainy day. Learn how to enjoy guilt-free spending on the things that matter most to you and make saving second nature with the strategic deployment of automated transfers.
Wrapping up, we underscore the importance of prioritizing savings by making it a habitual action. Whether it's earmarking funds for that festive holiday season, covering annual dues, or planning for a well-deserved getaway, I break down how automating your savings can safeguard your budget from the temptation of impulse buying. We also touch on the allure of high-yield savings accounts and how they can elevate your savings game.
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Previous Episode
#139: Teachers' Guide to a Successful Career Pivot with Daphne Gomez
Embarking on a new career path can be a daunting venture, especially for those stepping out of the realm of teaching. In our latest conversation with Daphne Gomez of Teacher Career Coach, we unearth the gains and challenges of shifting careers, and how educators can thrive in uncharted territories.
Daphne doesn't just share her story; she equips teachers with the compass for navigating through the stigma and practicalities of career reinvention. If you've ever felt the pull to explore life beyond the classroom, this episode promises to light your path with actionable advice on resume building and the art of transferring your teaching prowess to the corporate world.
As we break down the process of career change, we address the Tarzan tactic—why it's vital to secure a new professional branch before letting go of the old. Diverse insights pave the way for a journey marked by strategic timing, financial foresight, and the willingness to start anew, possibly even at a lower rung to climb faster later.
Daphne delves into the importance of self-awareness in this transition, driving home the message that understanding your strengths is the foundation for success, whether you're aiming for a role in instructional design, sales, or any other field. Through this episode's rich dialogue, teachers will find the encouragement and tools needed to turn the page and begin a fulfilling chapter in the story of their careers.
Check out Daphne's website here: Teacher Career Coach
Hear her podcast here: Teacher Career Coach Podcast
Follow her on Instagram: @teachercareercoach
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Next Episode
#141: How to Start Travel Hacking with the Travel Hacking Moms
Unlock the world of nearly free travel and learn how disciplined budgeting can actually boost your credit score! The fantastic trio from Travel Hacking Mom, including Alex, Pam, and Jess, join us to reveal how they've turned credit card points and miles into a passport for global adventure.
Their stories are as inspiring as they are practical, from Alex's serendipitous discovery to Pam's evolution from coupon queen to travel hacking royalty, and Jess's quest for affordable family vacations. They not only share their escapades but also the strengthened bonds and cherished memories made along the way.
We dissect the fundamentals of starting your own travel hacking voyage with sage advice on the significance of a solid credit score and the benefits of focusing on one points currency to start. We wrap up with strategic tips on maximizing credit card rewards and a sneak peek into the infectious excitement of planning the next thrifty yet luxurious getaway.
Whether you're new to the game or looking to refine your travel hacking skills, this episode guarantees a treasure trove of insights to fuel your wanderlust without draining your wallet.
Explore the Travel Hacking Mom Blog
Listen to the Travel Hacking Mom Podcast
Follow Travel Hacking Mom on Instagram
You Might Like:
- Get the BRAND NEW FREE Goodbye Debt Tracker!
- Grab my FREE Budgeting Cheat Sheet.
- Get the Budget My Paycheck Spreadsheet.
- Follow Allison on Instagram! @inspiredbudget
- Check out Inspired Budget's blog.
- Take my FREE class on How to Budget to Build Wealth!
Inspired Budget - #140: How To Make Saving Money a Priority in Your Life
Transcript
we know Christmas will be coming , so every single month we set aside money and we save money for that holiday , and what it allows us to do is to have that peace of mind . It's convenient , it allows us to have that peace of mind and it's great because it forces us to still live on less every single month and not inflate our lifestyle . Hey , this is Allison , and welcome to
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