We budget to have MORE. More investments, more vacations, more fun, more freedom. If I tried to do everything at 100% I would do nothing. It doesn't have to be perfect B+ work is fine. The key is to find something that works for you because it if feel easy you'll be able to stick to it consistently
LINKS:
Black is the New Red: THE place to have Canadian money conversations! www.facebook.com/groups/blackisthenewred
Lindsay's Budget Templates: https://www.prettymoneyclub.com/budgetsignup
Lindsay's 5 day budget makeover: https://www.prettymoneyclub.com/budgetmakeover
Dollars and Sense BOOK: https://danariely.com/books/dollars-and-sense/
SHOUTOUT:
Do you have a budget? If you have one that you love, tell us about it!
HOMEWORK: If you don't have a budget, go start with a template. Find one that works for you. And then tell us what you chose and why!
HOW TO GET IN TOUCH:
Join in the conversation with 8000+ other Canadians (and finance industry pros) in Black is the New Red: www.facebook.com/groups/blackisthenewred
DM Lindsay @ www.facebook.com/lindsayplumbmoneycoach
DM Meghan @ https://www.facebook.com/porterougeco
00:01:16 Linsday disagrees with another professional in the finance industry who claims that the reason she is so good with money is that she knows how to organize her financial spreadsheets. Lindsay thinks your excel sheets are not the reason for financial success.
00:04:10 According to Lindsay, budgeting is like a road map to help you get from one place to another. While she uses Excel with her clients, it's not to examine every detail, but rather to simplify the process.
00:07:45 She also stresses that budgeting is not about perfection, but about getting things done. Everyone is different and what works for one person may not work for another. The key is to find what works for you and go with it. It's okay to only be 80% done and still make progress, rather than trying to do everything at 100% and never getting started.
00:08:40 Budgeting can feel overwhelming, but it doesn't have to be! The key is to find what works best for you. If you're a spreadsheet person, go for it! There are so many options out there. But if you're like Linsday and hate all the tracking and data entry, you might want to try her bank account budgeting system instead. It's like a digital version of cash envelopes.
00:21:28 We budget to have MORE. More vacations, more investments, more freedom, more fun. We're not budgeting for less, and I think that once you find a system that works for you, and if you can adopt the perspective that you are budgeting to get more of the things that you want and love and value, you will find freedom in that experience. You'll find more control. It will help with decision fatigue.
