I paid off $100,000 of debt in less than 2 years! Say, what?!?!?

Everyone, on every income level low or high, NEEDS to have a budget. I know, a budget can be a scary word. But a budget is needed no matter how much money you make. 

 If you have a low income, you definitely need to have a budget, to simply tell your money where to go. 

There were many times before I started to do a monthly budget, that I didn’t know where my hard-earned money went. I would get my paycheck and I swear, a week later, my money was gone. My money was like my socks that disappear from my dryer. I swear, those things sprout legs and just up and walk away. You DO NOT want your money to find legs and run away. 

 So, how do you budget on a low income? 

 Budgeting is a simple task, however, it is not always easy, especially in the beginning. 

 Here are a few steps to starting to budget:

1.    Write down ALL of your income (Job, side hustles )

2.    Write down ALL of your expenses (bills, food, debt payments)

3.    Look over the last 3 months of your spending 

4.    Prioritize your spending (start with your 4 walls: Shelter, Food, Transportation, and Utilities)

5.    Make sure you have a small Emergency Fund (savings account for emergencies)

6.    Cut costs- Find places that you can cut out of your spending (lots of times this is going out to eat, pre-packaged foods, snacks, etc)

7.    Use Cash- you are likely to spend LESS money when you pay with cash

If you loved this podcast and you are feeling encouraged and ready to tackle your life + finances, would you do me a favor and share it with 3-5 of your friends? Thank you and be sure to make today a great day!

For ALL my info: (Quiz, Podcast, Courses, Free Budgeting 101 online course, Services, Private Facebook Community)

https://linktr.ee/jesswaynecoaching

If you would do me a favor and share on social media that you are enjoying this podcast I would be so appreciative. You can tag me in the post and you will be entered into a monthly Starbucks or Caribou gift card drawing!!