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259 | Automate Your Budget: Let Your Bank Be Your Personal Assistant

259 | Automate Your Budget: Let Your Bank Be Your Personal Assistant

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans


259 | Automate Your Budget: Let Your Bank Be Your Personal Assistant

FromFinancial Coaching for Women: How To Budget, Manage Money, Pay Off Debt, Save Money, Paycheck Plans

ratings:
Length:
21 minutes
Released:
Jun 5, 2024
Format:
Podcast episode

Description


Snag Our Signature Budget Template!

Hey Budget Besties! ?
In today's episode, We are sharing the details of the magic of automating your finances. Imagine a world where your bank account acts like your personal assistant—taking care of all the budgeting and bill paying while you sit back and relax. No more worrying about missing payments or overspending. Sounds dreamy, right? Let’s make it a reality!
Key Takeaways:

The Power of Automation:

Set up your bank accounts to handle everything for you.

Automate bill payments and transfers so you can focus on what truly matters.

A Fun Throwback:

We share hilarious stories about our early curling iron disasters and how the right tools make all the difference. Spoiler: The same goes for your finances!

Step-by-Step Guide to Automation:

Create a Budget: Understand your income, debts, recurring bills, spending, and savings.

Set Up Bill Accounts: Make sure all your income flows into an account dedicated to bills and debt payments.

Digital Envelopes: Open separate accounts for different spending categories and savings goals.

Paycheck Plan: Automate transfers based on your pay schedule to ensure every category is funded without you lifting a finger.

Hands-Off Supervision:

Once set up, simply monitor your accounts to ensure everything runs smoothly. Your finances will almost manage themselves!

Real-Life Impact:

We share client stories and personal experiences, illustrating how automation can simplify your financial life and keep you on track.


Practical Tips:

Renaming Accounts: Label your accounts with specific goals (e.g., "Vacation Fund," "Grocery Money") to add an emotional barrier against unnecessary spending.

Set Up Recurring Transfers: Use your bank's features to automate transfers on a schedule that aligns with your paydays.

Monitor and Adjust: Regularly check your accounts to ensure everything is running as planned and make adjustments as needed.


Action Steps:

Create Your Budget: Break it down into income, debts, bills, spending, and savings.

Organize Your Accounts: Set up dedicated accounts for each category.

Automate Transfers: Schedule recurring transfers to keep everything funded and on track.

Review and Refine: Keep an eye on your accounts and make adjustments to improve the system.


Inspirational Quote:
"A budget is telling your money where to go instead of wondering where it went." - John Maxwell




4 Ways To Connect With Us:
1️⃣ FREE CALL: Book your FREE 20-Minute Financial Coaching Call now! Get personalized advice and start your financial journey ➡︎ https://www.budgetbesties.com/freecall 
2️⃣ FACEBOOK: Become part of our Supportive Facebook Group. Connect, share, and learn with others mastering their budget skills ➡︎ https://www.budgetbesties.com/facebook 
3️⃣ BUDGET: Grab our Signature Budget Template! It's your key to organizing and optimizing your finances effectively ➡︎ https://budgetbesties.com/budget 
4️⃣ COACHING: Ready to dive deep into your finances? Sign up for 1-on-1 or Group Financial Coaching. It’s the accountability and guidance you need to make real progress ➡︎ https://budgetbesties.com/coaching 
"I love Shana & Vanessa and this podcast is amazing!" < If that sounds like you, please consider rating and reviewing our show! It helps us to reach more people – just like you – to help them change their financial future. Don’t forget to follow the show so you don’t miss any episodes! And, if you’re feeling really generous, we’d be SO honored if you would share this podcast with someone. 
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This description may contain affiliate links, meaning we may get a commission at no cost to you if you click & purchase!  


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Released:
Jun 5, 2024
Format:
Podcast episode

Titles in the series (100)

Even high-achieving, Jesus-following moms need help organizing their finances. We want to help you learn how to budget, how to get out of debt & how to save money. We do this through 1-on-1 coaching where we teach you how to stop stressing about money & install systems that automate your finances. Once you have these money systems, you’ll be able to live debt-free, build wealth & achieve financial freedom. Join us to ditch the bad money habits & take control of your financial future. Shana & Vanessa are best friends, business partners and Ramsey Solutions Master Financial Coaches.