End August On A Financial High!


Happy Thursday,

It’s Keina, the founder of Wealth Over Now (WON) Financial Coaching and Education.

  • Are you ready to invest in reaching your financial goals?
  • Do you desire to live your best life now?
  • Have you reached your pain point with personal finance?
  • Do you want to take the stress out of budgeting?
  • Are you willing to change your habits to make your income work for you to create ” THE (Insert Name) DREAM?”

I’ve been thinking A LOT lately about the thing that got me into budgeting and wanting to live a life of financial security.  The list is exhaustive but the things that continue to resonate with me are generational wealth and the freedom to live life now!

I started budgeting on a piece of paper in college with $300.  I wrote down categories that reflected my obligations, wants, and goals and then allocated dollars to each of these categories. I know $300 doesn’t seem like much but it was really about creating the habit of telling my money where to go – I took control! If you haven’t already, set aside some time, in the next week to build the habit – this will help you end August on a financial high!

“If you want something you’ve never had. You must be willing to do something you’ve never done.” – Thomas Jefferson

You don’t need anything fancy to create your first budget just follow these three steps:

  1. Determine your after-tax income Get out a sheet of paper and write down your monthly after-tax income.  This is the amount of money that Uncle Sam deposits in your account after he gets his cut!
  2. Identify what you NEED to spend your money on Start with your obligations. What financial obligations do you have?  This includes savings (always pay yourself first!), mortgage, rent, car payment, credit card debt, cell phone bill, etc.  Try and stick to the true expenses first, then move on to your goals, and wants.  You NEED lights but you DON’T NEED the latest iPhone or designer handbag – you just WANT it!
  3. Define your spending habits You have your expenses, now give each expense a dollar amount. Be sure to make sure every dollar is allocated, you want a zero budget.  The sum of your spending habits should not exceed your after-tax income. See the examples below:

As a financial coach, this is what I do!  I help my clients define their idea of financial freedom and then help them build the habits to reach their goals. If you want a partner in reaching financial freedom schedule your free 15-minute discovery call today!

Schedule Here!

#myfirstbudget #budgettherapy

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