Sticking To Your Spending Plan - Budgeting Tips
Description
In this episode of the Mind Money Soul podcast, I’m going to be sharing the emotional, practical, psychological side of sticking to a budget.
Staying on track of your spending is one of the BIGGEST issues in my community; I want you to know you’re not alone. I’ll be real with you - I have been a master budgeter, but since I started my business, went full time, took a pay cut and made the conscious decision to do more in terms of living my life, budgeting has become more difficult. Money management and mindset is an ongoing journey. I’ve saved £40,000, I’m a money coach AND I’ve struggled to stick to my budget at points too. Have I always stuck to my budget? No. Have I got tricks that help me? Absolutely.
For a lot of you, the word ‘budget’ will bring up a lot of feelings about sacrifice and compromise but in actual fact, a budget is the tool that gives you freedom in the long run. This is why it’s so important to work past your emotional and psychological traps so you can use a budget to your advantage in order to build financial confidence, achieve financial freedom and expand your abundance mindset.
In this episode:
- Challenges of adhering to a budget
- The emotional aspects of managing a budget
- 4 practical strategies for staying on budget
- 4 emotional tips for maintaining your budget
- The long-term advantages of budget consistency
🎙️ Your host: Laura Ann Moore
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