Want to pay off debt but don't know where to start? Stop making random extra payments and hoping for the best. Let's build a debt payoff strategy that actually works. Join us Thursday, May 28th for our debt payoff workshop so you'll know what you owe so you can pick your debt payoff method and you can start getting out of debt. We'll help you organize your debt, understand your balances, interest rates and minimum payments and help you choose what to pay first. Discover all three payoff methods including the snowball, avalanche and minimum payments and we'll also tell you what to know before applying for debt consolidation. No shame, no finance bro nonsense, just your next right step. Grab your spot at budgetbesties.com forward slash debt workshop. Vanessa, how much do you think people just spent on Christmas? Probably a lot. Probably a lot, just a little bit a lot. How many people do you think over spent? All. Okay, it's like 50%, 25%, all of the episode, all of you over spent probably. But you know what, actually, maybe you didn't but it's okay. That's okay, whatever. Maybe you're really good. I haven't met that unicorn but they probably are ex-less, Vanessa. And I even wonder, okay, I have so many questions that I need stats for, right? How many people made a budget this year for Christmas? And we are trying to help people do that and we're so excited to talk to you today about that. But it's the norm of being able to pay cash and be prepared for Christmas. Yeah. Do you make good money but have nothing to show for it? Are you tired of living paycheck to paycheck? Do you have big dreams for your financial future? Do you want to get debt free but you don't want to live on beans and rice? Or you don't want to give up those pumpkin spice lattes? Hey, it's okay if you don't already know how to budget or if you're using credit cards to get through the month. Hey, it's okay if you want to seem like you have your finances all together or you're not on the same page with your spouse when it comes to finances. We know what you're doing probably isn't working. But guess what? You're in the right place. We're Shayna. And Vanessa. We're best friends, business partners and master financial coaches trained by Dave Ramsey. We've been in business since 2019 helping hundreds of amazing people like you create budgets, get out of debt, stop living paycheck to paycheck and know exactly what to do with their money. In this podcast, we'll share with you everything we know plus everything we're working on with our clients so that you have the best chance at reaching your financial goals. We want to help you take the guesswork out of your budget, improve your marriages and even bring your kids in on the conversation. We can help you no matter where you're at whether you're the single mom who's never had $500 in her savings account or the millionaire who's paid off for real estate mortgages. And we're not going to shy away from the tough love. We'll tell you what you need to hear and encourage you at the same time. This is the Financial Coaching for Women podcast. Yeah, I think the norm is overspending, but Vanessa, the other thing is like it's not the way that people think, you know, people come to us, they're so stressed out, they're so full of shame and I'm so bad with money and I don't know how to do math or whatever they say. And we actually believe you guys, we actually believe that you don't really have a spending problem. What you actually have is an organization problem. Yeah, absolutely. And I think that that aha moment of needing to be organized to help you not overspend really helps people figure out it's not me. You know what I mean? Like, this isn't like an emotional thing or it's not me. It can be fixed and I can move past this and I can get better. Yeah, and it's not like I have to do this by having a no spend month. Hello. No, thank you. No, we don't love that. We don't love that for you. We had a podcast on a no spend month. You should go. Don't do no spend month. That was our podcast. You're welcome. Sposal or blur TLDR. But but actually what we know is if your money is organized, it changes how the guesswork, the stress, all of this stuff about spending to where you naturally will spend less. So today we're telling you that you don't really have an overspending problem. You have a disorganization problem. The solution is to have a separate spending account. Yeah, and I think that that may be one of the first times people hear that like, listen, we're saying that you're disorganized with your money. That's why you're overspending. But imagine being organized with your money and what does that mean? That means having separate or more than one account to be able to. Yeah, and knowing so part of the confusion is you don't actually know how if you have money to spend, how much you have to spend. So you kind of spend, maybe you don't. And so that's part of the problem. But the other problem I think that people really have is they get this rebellious spirit, Vanessa, because they feel like they never really have money. And so then they're just like, well, I'm going to drain everything in this bank account and future you, you can figure that out, right? Or they put it on a credit card or whatever. And it's still a future you problem because they're just so they're so over like feeling like they never know or or having to make all these like math problem decisions in the moment to see if I can even actually go to Target. Like what we want for you is for you to know exactly how much money you have to go to Target and to know that you do have money to go to Target and it can be anywhere. It doesn't have to be Target, whatever, whatever, Hobby Lobby, anybody, any takers, any takers? I'm definitely I'll be there. But here's the other part too. Shayna is while you were talking, I was saying about me personally and in one of our clients, Michelle, knowing that you have money. And it's there and you're and because listen, I'm a rebel, like I'm going to tell you right now, you tell me now, I'm going to show you how it's going to be. Yes, you tell me that. Well, it's probably. Mission accepted. Yes. I am very much a rebel. So I'm for this. But for me, I think having my separate spending money for whatever that is, and knowing that it's always getting replenished and it's not just now or never, right? And spend it now because you're never going to see it again. There's something about that that's so freeing and it doesn't. I don't know. I just I don't become as rebellious. Yeah, I think you're absolutely right. We've seen it over and over and over with our clients. It's taking your you, you no longer can have that rebellious spirit because there's nothing to fight. You're getting money every day, check friend. Like it's all you're good. Like and like you said, it's not I have money now and never again. It's not I don't know how much money it's like, Hey, every I just got off a call with with a client. They put 50 bucks in their spending account each week, every each, both of them, right? Or maybe you do more, maybe you do less. It's really depending on your budget, what you want. But you have money every single time and it's coming. It's refunded. It's going coming every time you can save it. You can spend it, whatever you need to do, whatever you feel like it. I think that is really freeing to your point. But what I think also that is really cool is we put your spending in categories, right? So right now we're really talking about personal spending because that's that tends to be where you maybe overspend. But what we do is, is instead of having to like have this big or awful budget where I'm trying to figure out, did I pay the rent? Okay, I can't go to Target. Did I do we have groceries? Okay, now I can go to Hobby Lobby or whatever you're doing. You have one account that has your spending budget and that's all that's the only math you have to do. If you want to go to those stores or you want to go get your hair done or you want to go get go get a coffee or whatever you have your one little spending account. It's like a mini budget. Vanessa, it's like many, many decisions. And it allows you to just spend. Guelph free, right? So you know that you have money to take a girlfriend out for lunch to get a pedicure to take your daughter to a date night or whatever. However you want to spend your personal money that gives you the freedom to do that having a separate account or using cash, however you want to do it, it just allows to have that freedom. And you know, one of our, one of our clients, Michelle, she came on the podcast and did a testimonial and she said, knowing that it was getting replenished every Thursday, she said, did something to my brain. I literally, I knew that it was coming. So naturally I spent less. Naturally I was not out there just blowing money here and there and it just gave her a sense of control over her spending. Yeah. And I feel like that sense of control is so important. The lack of having to make a million decisions also. So these two things already are going to contribute to you spending less without you doing anything else. But then also you don't have to track anything. Hello, hello, sign me up. Because it's all by itself. So some other budgets have you track or turn in receipts like that, like that one husband had told us or wife had told us about her husband. You don't have to do that here because it's in one account. And what are you going to track? You can just go look in your bank account and say, oh, I spent all my money at Target done. Or, oh, I remember, oh, now I remember when I spent my money on it. We went to launch that one day and the next day I went and got new shoes and it was a wonderful day and I had a great, great. And then you have to track. It's all there in the one account. And it's only like 10 transactions. There's not a lot. So you don't need to keep a record of it. It's right there. All right, Budget Best Sees, it's time for surreal talk. You don't need another budget. You need a budget system. Our simplified budget system is what you've been looking for. It's going to allow you to be bougie on a budget. You'll be able to easily set up a system that runs automatically and shows you exactly where your money is going. And it's going to give you permission to spend. Everybody loves that. Yeah. It's straightforward, pretty, and packed with walkthrough videos that break down the exact methods we use with our clients to get out of debt, set up a bills account, separate spending, build savings buckets, and end the paycheck to paycheck feel. If you're new to budgeting, this is the perfect way to jump in. And if you're already a budget nerd like us, you're about to meet your new obsession. This is the upgrade to your finances that you need right now. Yeah. So head on over to budgetbestsees.com forward slash budget and grab yours. Now back to today's show. One of the first things when I tell my clients, like, hey, when we put money in the spending columns, Jane, of the budget, especially for new clients, I'm like, hey, you got $3,000 this month for all your spending categories. Have a good time. And they're like, but, but what don't I need to tell you how much I spent on groceries and how much I spent here and how much I spent there? I'm like, no, I don't care. If it's out of the bills account and in your spending categories, I don't care. And either should you like, why does it matter? Why do you need to know that this month you spent $159 in groceries or this week versus 161 last week? Like, why do you need to know that? That is not important. Recently, we were talking about the magic of multiple bank accounts, Vanessa. And I'm just like, I want you to imagine right now, if you pull up your bank app, right? And you're looking at your bank accounts and it says gas and groceries, $500, restaurants, $200. Jane is fun spending money, $200, $100. How much money are you going to give me? I don't know. And then it also has one for my kids because that's important. Y'all, that's important because there, there will still every single dollar that you ever had if you don't have a separate line item for them. It says kids, 75, right? And so I have, I have my bank accounts. I can see how much everything I have and I just, I can get through that. I can make micro decisions. I know I have money for all the things that are important and like Vanessa, I could just go live my life and spend the money and then it'll get replenished in a week or two or whenever I do my transfers. And I'm good. That's all I have to do. Yeah. And I think that that is hard for people to grasp because for so long, Shayna, there's this, this tracking culture, right? You have budget apps and you have this and that that require you to go track everything. Trackting culture. Wait, wait, wait. Mic drop. It beats it, yeah. But mic drop. Tracking culture. Like that's a, that's a mic drop right there. We are in that tracking culture. Oh, sorry. They want you to be busy. They want you to do stuff that doesn't matter. None of that matters if you're doing it our way. And you don't have to waste your, your brain calories on that. But anyway, keep going. Yeah. But just that, and then remember the bank app, that girl that she said her bank app was like beeping at her and it was like flashing red and like danger signs or whatever. Like nobody needs that. I'm not, I'm not a crime scene. Don't cross. Right. I'm going to, right. I am an adult and I don't need my app yelling at me if I went $1 over, over this thing, but also you're not going to and you use it like the way that our system works. Right. So it's just your budget needs to match your real life. Your spending needs to match your real life. And when you do that, you naturally spend less. You're naturally more free and have the permission to spend. What's also cool about this whole system in as it is it gives you guardrail. So when we're talking about freedom to spend permission to spend, we are for you. We are, we are for the trip with your girlfriend. We're for the daughter date. We're for whatever. However, you do have other adult goals going on in life. Right. You do have things that you want your money to do. And this allows you to see you, not us, Vanessa, we're not telling you what to do. No one's telling you what to do. So you again, you can't rebel because nobody's telling you what to do. You're telling you what to do. Right. Nobody's telling you, but you get to set amounts. Right. And so you just have these, these guardrails and they're in place to help you instead of spending $1,000 this month. I'm going to spend 400, right? Whatever it is you decide, and it's, it's helping you reach your other goals at the same time that you're being able to have that freedom and permission to spend. Well, when we did that podcast with that one lady, I don't remember her name, but you know, she said it beautifully. She said, we as adults want guardrails. We, we want them. You like them. If you ask any wealthy person, we do like them. When you ask any wealthy person out there how they, how they became wealthy, it's the answer is not going to be, oh, just happened. It was on an accident. I'm not really sure. I know they set some type of comfortable guardrails in place for themselves so that way they can spend freely within a certain amount, but also know that everything else was happening in their budget. And that is the concept that we want for you to build. Right. And what she said, Vanessa, is when you're driving along the highway, you don't see a guardrail there and you're like, oh, that's stupid guardrail. I hate you. And you're like, I am so happy they're just, that's the case, you know, just in case. And that's what these spending categories and these little mini budgets in your account is for. It's there just in case. We're not saying you're going to get in an accident at Hobby Lobby where you hit everything on the way out and it just gets in your cart. Right. We're not saying that's going to happen, but just in case. I mean, that could happen to me though. It's that could happen to me. But what we are, what we do know is that when you get to the register of Vanessa, it's going to say, uh, no, sorry, honey, you only had $200 and we're not doing this $500 thing that you just said, right. And it just gives you guardrails. And even just knowing Vanessa, just knowing that what that I know, I don't have that much in my account. It helps me to make better choices before I get to the checkout. Right. And so yeah, that's when you were talking about the being on the road and not having a guardrail there like on a turn and it's like Jesus take the wheel. Yeah. Right. So when we're talking about that with our, with our finances, we're not closing our eyes, swiping the card and say, Jesus take the wheel here. No, we need to have some type of responsibility and, but also set a certain amount of money that you are comfortable with because I think Shayna, we see that a lot of people will put numbers in their budget that they don't, that they realistically can't hit. They're realistically not going to achieve either. They're too much or too little. And so then you feel like a failure. You feel like budgets aren't for you. You can't do this. And that's not what we want for you. We want you to set a good budget, something that you're excited about. So that way it keeps you within a certain amount. Yeah. And to your point, Vanessa, this is the way that some people heal from having some of this money baggage that we've talked about before. Maybe you're not used to having money. Maybe you don't feel like you deserve it because you racked up some credit card debt or maybe, but either way you have to get used to having money and you have to get used to spending money, spending money within guardrails like we're talking about, but also just being okay, spending money, being okay, having money in your account. Like this is the new version of you who doesn't overspend. You don't binge spend because you're stressed out. You're like, I'm actually not stressed. My money, my budget is like working like clockwork. I feel like a million bucks. I'm not stressed. I don't need to binge spend. All that's going to be you. Yes. If you're tired of feeling like your finances are all over the place and you're ready for a simple, set it and forget it, weight a budget. We have something special for you. Watch our Automate Your Budget Masterclass at budgetvestis.com forward slash automate. We'll show you step by step how to finally organize your money, how to set up your accounts and put your budget on autopilot. So your bills, saving and spending run like clockwork. Imagine less stress, more savings and the freedom to spend money without having to track every dollar or babysit your bank account. Go to budgetvestis.com forward slash automate to start today.
