256 | Budgeting Tips: Simplify Subscriptions, Manage Credit Cards, and Save More

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

Snag Our Signature Budget Template! Hey Budget Besties! 💸

Welcome back to another episode where we’re diving into real-life budgeting scenarios and sharing some golden nuggets from our coaching sessions. Today’s episode is all about getting organized, cutting down unnecessary expenses, and ensuring that you and your partner are on the same financial page. Let’s get into it!

1. Tackling Subscriptions and Multiple Accounts

Ever found yourself juggling multiple subscriptions across various accounts? One of our clients did just that! With subscriptions coming out of four different credit cards and two checking accounts, she was all over the place. By our second meeting, she discovered over 20 subscriptions she forgot about. Here's the game plan we shared:

1. Gather all your subscriptions: Do a 90-day review to see where your money is going.

2. Consolidate payments: Move all subscriptions to one account, preferably your bills checking account.

3. Set reminders: If you sign up for free trials, set a reminder to cancel before you're charged.

2. The Metal Credit Card Dilemma

Why do they make some credit cards metal? Spoiler alert: It’s not for your benefit! Metal cards are harder to destroy, making you more likely to keep and use them. If you're clinging to a metal card, remember: credit card companies aren't on your side. Our advice? Consider if the benefits truly outweigh the costs and if it's really necessary.

3. Financial Honesty in Marriage

Finances can be a significant stressor in relationships, especially when there’s a lack of transparency. One of our clients faced this exact issue—her husband kept financial secrets to protect her, but it ended up causing more harm. Here's our advice for couples:

1. Be open and honest: Lay everything out on the table and discuss your finances as a team.

2. Work together: Create a shared budget and financial goals to work towards together.

3. Communicate regularly: Avoid crisis mode by having regular financial check-ins.

4. The Power of Savings Buckets

Imagine having a week where you need an oil change, buy tickets to Costa Rica, purchase maternity clothes, and get a birthday gift for your kid—all without financial stress. One of our clients did just that by using savings buckets. She had specific funds set aside for each expense, making her feel confident and prepared. Here's how you can do it:

1. Create a budget: Start with a clear, personalized budget template.

2. Set up savings buckets: Allocate funds for specific purposes like travel, car maintenance, and clothing.

3. Stay the course: Consistently contribute to your buckets and enjoy the peace of mind they bring.

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

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