Makers Make It

Do you despise a budget? This episode is for you!


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In this episode, Camille explores the essential financial foundations for creatives, focusing on how to establish a system that allows you to manage money effectively (and easily!!!) when it comes in. She discusses the importance of conscious spending, inspired by Ramit Sethi's framework, which emphasizes allocating income according to four key buckets: fixed costs, investments, savings, and guilt-free spending. Camille encourages listeners to adapt this framework to their unique circumstances, especially in managing fluctuating incomes, and provides practical action steps to help align spending with personal priorities and goals.

Learn more about Ramit Sethi’s Conscious Spending Plan and more here.

Follow me over on Instagram at @makersmakeit.podcast

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If you are a Creative/Maker and would like to come on the show and discuss your relationship to money in your business, please reach out over on Instagram.

Offers:

Grab 50% off an annual subscription to Monarch Money, the budgeting app I use to keep an eye on my finances and make sure my money works for me

Some key takeaways:

  • Knowing your financial priorities is important for creating a system that aligns with your unique goals.

  • Creating financial security allows for more freedom in decision-making.

  • Ramit Sethi's conscious spending plan makes money management so much easier.

  • A flexible framework is better than rigid budgeting.

  • Allocating income into four buckets helps manage finances effectively and easily.

  • Guilt-free spending is essential for joy and inspiration.

  • Adjust your financial framework as your life circumstances change.

  • Understanding your spending habits can lead to better financial decisions.

  • Money should be viewed as a tool, not an enemy.

  • Consistency in applying financial principles is key to success.

Chapters:

00:00 Introduction to Financial Foundations for Creatives

02:35 Understanding Money Allocation

04:47 Ramit Sethi's Conscious Spending Plan

09:41 The Four Buckets of Spending

14:46 Adapting the Framework to Your Life

20:08 Managing Fluctuating Income

23:25 Practical Homework for Financial Alignment

Where to find me!

  • @makersmakeit.podcast

  • @and_so_she_makes

  • Substack (for a look behind the scenes at exactly HOW I’m building this podcast)

Keywords: financial foundations, creative practice, conscious spending, money management, budgeting, Ramit Sethi, income allocation, financial security, creative business, personal finance


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Makers Make ItBy Camille