The Erin Davis Show

23. How To Create A Budget & Stick To It

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Creating a budget and sticking to it can feel daunting, but if you want to take control of your money, getting a handle on your budget is important. But a budget doesn't have to be scary - it's just about tracking your income and expenses so you can make informed decisions. Though money isn't just about creating a budget. Money is complicated because of the emotions, feelings and beliefs we attach to it. 

Creating a budget doesn't need to be complicated. It needs to be flexible and realistic and it needs to allow you to adjust and amend as needed. But the most important thing with a budget is that you need to be honest with yourself because when you are, this is where you can create real money confidence.

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Here are 8 reasons why you should listen 

  1. Empower Yourself: This episode is all about taking charge of your finances. Erin Davis provides the tools and insights to help you feel empowered and confident in managing your money, which can lead to greater independence in all areas of your life. 
  2.  Emotional Connection: Erin understands that money isn't just numbers; it's tied to emotions and beliefs. By exploring these feelings, you can begin to break free from past experiences that may have held you back, allowing for a healthier relationship with money. 
  3.  Simplified Budgeting: Erin demystifies budgeting, making it approachable and less intimidating. She shares practical steps that make creating a budget feel manageable rather than overwhelming, which can alleviate stress and anxiety around finances. 
  4.  Flexibility is Key: The episode emphasises that a budget should be flexible and adaptable to life's surprises. This understanding can help you feel more secure and less fearful of unexpected expenses, making budgeting a more positive experience. 
  5.  Celebrate Your Progress: Erin encourages listeners to celebrate small victories in their financial journey. Recognizing and appreciating these wins can boost your confidence and motivation, making the budgeting process feel rewarding rather than punitive. 
  6.  Fun Tools for Tracking: The episode introduces engaging ways to track your spending and savings, turning what can be a tedious task into something enjoyable. This approach helps you stay committed to your financial goals without feeling bogged down. 
  7.  Honesty with Yourself: Erin stresses the importance of being honest about your spending habits. This honesty is crucial for creating a realistic budget that reflects your true financial situation, fostering self-awareness and accountability. 
  8.  Building a Supportive Mindset: Ultimately, this episode aims to help women cultivate a positive mindset around money. By addressing emotional barriers and focusing on growth, you can develop the confidence needed to make informed financial decisions that align with your goals.

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    Here are some useful links
    Join The Confident Money Lounge Facebook Group   https://www.facebook.com/share/g/BF4Jd4q8SByT9aPh/ 
    Financial Wellness Kick Starter Kit https://www.erindavis.com.au/kickstart
    Planning Day https://www.erindavis.com.au/planning
    Instagram https://www.instagram.com/erindavis_transform/
    Website https://www.erindavis.com.au/
    LinkedIn https://www.linkedin.com/in/erin-davis-b2163582/

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    The Erin Davis ShowBy Erin Davis