The title of this post is totally misleading, but I think it’s important to hype my kids up and give them credit where credit is due. Unfortunately for our older children we didn’t get our financial shit together in time to be of much service when it came to smart money management. When we finally decided to stop being broke and figure out our money issues once and for all, we also set the intention to help our younger two be better with money than we had been. Here is the super simple game plan for what we did to help our children learn money management, generosity and delayed gratification.
I used to be that mom that went to three different grocery stores to try and snag the best deals and healthiest options for our family. At the time I thought it was so convenient that Costco, Trader Joe’s and Whole Foods were all in a mile’s radius of each other — and only a 20 minute drive from my house. Barf. I did this every week, you guys! What a crazy person. Thankfully, now I have learned to value my time and seek out convenience in everything I do. This doesn’t mean I started sacrificing our budget or our family’s health. Instead, I have found ways to benefit from the convinces available to me. I do this by shopping and cooking smarter. Here’s the breakdown of how I stick to a budget, make healthy meals for my family and grocery shop way less!
I remember the feeling of feeling so helpless and confused when we would yet again overdraft in our account or reach that dreaded $0 in the bank. It felt so defeating. Every single month I would try so hard to do better, but it was like I didn’t know-how. Sometimes I felt confident that I was keeping my family on track with our budget and then I would check our account balance to find that we had no money left. I had kind of learned how to budget and did my best to always pay our bills but it seemed like after that the money just fell into a bottomless void of despair. The worst part of is all is that when we feel stuck in cycles like this, we want out but we don’t even know where to begin to get out. So, if you can relate to this at all, I’m here to give you all my best tidbits to help you break the paycheck to paycheck cycle so you stop running out of money every month!
Not to brag or anything, but if you Google cheapskate savings tips I am going to be one of your top found sites. Used to be number one and honestly, I’m ok with losing that title. My post 87 Extreme Cheapskate Hacks held that title for a while and now I’m ready to let it go. Here’s why.
It has been a hot minute since I have talked about budgeting methods and a big reason is, we’ve shifted the way we budget in a big way. Since I was such a proud member of Dave Ramsey’s Financial Peace community, I almost felt a shame after switching my budgeting practice to be a little different than dear, old, Dave’s. However, after walking a friend through how to set up a budget, it occurred to me that I need to share this with more people! Here is a breakdown of the 5 bank accounts we have (trust me, it’s not that complicated) and how we use them to budget less and boost our credit.
I have always been a right brained thinker. Fitting into the mold of public school was never something I did well. After studying for tests, working hard and still barely squeezing by as average, I brushed myself off as a failure. The same held true when its came to managing money. However, I don’t believe having a unique way of thinking should prevent people from the benefits of budgeting. That’s why I’ve compiled this post to dive into the struggles right brained thinkers might face when it comes to budgeting and how to overcome them.