Savings accounts and investing and being able to buy nice things is, well, nice, but are you actually keeping track of how much you spend? How much you save?
Amanda has haphazardly attempted budgets for quite some time, but it never seemed to matter, because when she made money she spent it.
Mary Pino, former corporate accountant turned small business owner, has a bomb to drop: budgets are necessary for success and financial empowerment. Mary talks about the importance of creating a budget that works for you as an individual; everyone is different, but everyone needs to be able to understand where their money is going. Mary stresses the necessity of setting yourself up correctly so that you can create and reach whatever financial goals you may have in the long and short term.
During the show, Amanda makes a stunning realization: that she’s always been frugal, but not necessarily managed her money well. A money-therapy lightbulb!
Mary shares some basics for getting started, and other things that you should consider when creating your budget with the understanding that you should always be making adjustments depending on need and situation.
Check out Mary’s budgeting template.
This week’s episode is sponsored by Masks By Bree, handmade masks from the Hudson Valley. New designs added every Tuesday. Use code QUESTION25 for 25% off your order.
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