Monday Money Tip

#86: Pay Cash for Next Christmas (or a Vacation!)


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About the Episode: 

  • Today, we’re answering: “We need your help. We are pretty good at budgeting, but it seems like right when we have started to make progress, an unexpected expense blows up our budget - things like a car repair or an insurance bill that is due every six months. Can you help us figure out how to prevent these issues from messing with our financial progress?”  
  • In our Current Money Events segment, we’re sharing tips that Joe has learned from budgeting for 200 consecutive months. 
  • Our success story comes from Cody, who was able to eliminate a car payment. 

Resources:
I Was Broke. Now I’m Not. Participant Kit + FREE Access to Online Study
I Was Broke. Now I’m Not. Group Study DVD
I Was Broke. Now I’m Not. Tools
TOOLS: Budgeting 
TOOLS: Known, Upcoming, Non-Monthly Expense Calculator 
Next Steps: Banking  
IWBNIN Ladder
20/20 MONEY: Gaining Clarity For Your Financial Future 

Verse: “The plans of the diligent lead to profit, as surely as haste leads to poverty.” - Proverbs 21:5

Related Monday Money Tip Podcast Episodes:
Episode 32: How to Have a Debt-Free Vacation
Episode 33: How to Never Have a Car Payment
Episode 61: The I Was Broke. Now I’m Not. Ladder - Explained
Episode 83: Money Saving Tips

Email [email protected] to ask questions or share success stories.

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Monday Money TipBy Joe Sangl

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