#86 BSS Giving Yourself Flexibility In Your Budget Even When You Are Paying Off Debt

09/19/22 • 19 min

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.

Hosting Today:
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.”
-Ashley Patrick

Timestamps
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

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.

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.”
-Ashley Patrick

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

Previous Episode

#85 BSS How Time Blocking can Keep Your Finances On Track!

If you're thinking about doing your budget and making a spending plan to manage your money but keep putting off, you're not alone!

More often than not, we tend to procrastinate and make excuses when it comes to managing our finances especially in doing our budget.

Listen to today's episode as I discuss how being mentally ready to handle your finances help to get your finances back on track. I also discussed how getting organized in your daily tasks and breaking it down into smaller action steps help you to achieve your goals faster.

Now, my mission is to help moms like you conquer debt and free themselves from the mental load of handling their family's finances.

“We feel overwhelmed because we feel like we have all this stuff to do but if you break it down into smaller steps, you feel like you're actually getting something done.”
-Ashley Patrick

Timestamps
00:00 - Introduction for today's episode
02:22 - Meet Cindy
06:46 - About being mentally ready to handle your finances
13:08 - Cindy's biggest financial struggle
15:51 - Creating a list for your daily task to help you get organized
18:57 - Setting a day for your tasks
19:30 - How to break down tasks
22:15 - About time blocking
24:41 - Cindy's 24 hour goal
30:47 - Breaking down big goals to get it easily done

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

Next Episode

#87 BSS - Ways to Make $5000 Fast

Have you ever tried looking for ways to make extra money to pay off your debts? How about considering getting an extra job or starting a side hustle to make extra money fast?

Listen in as I share ideas on how to save and generate more income like cutting back on your spending, looking for side hustles, and making money online to make extra money fast so you can finally pay off your debt!

Now, my mission is to help moms like you conquer debt and free themselves from the mental load of handling their family's finances.

“If you're able to block off some time and say, I need this time to do it, but you might wanna look into it and just kind of figure out which route works best for you to kind of get some of this stuff paid off temporarily so that you're not stressing, you know, at the end of the year. So if you have the mindset that it's just temporary for that angle, so you can be less stressed whenever you're not getting some as much money coming in each month, then that might help you get through it.”
-Ashley Patrick

Timestamps
00:00 - Introduction for today's episode
02:40 - Meet Kim
07:05 - Kim's biggest financial struggles
08:37 - Tips on how to cut back on spending over the coming holidays
11:38 - Ideas to help Kim make extra money
16:17 - How to make money online
22:33 - Kim's 24 hour goal

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: