[New to the Live Richer Challenge: Saving Edition? Find out how to register for free HERE.]
Today we have another video! Woop woop!
This is the most important day of the Challenge. I repeat: TODAY is the most important day of the Live Richer Challenge: Savings Edition.
How much money you save rests upon your ability to properly budget. It’s so critical that I’m going to walk you through creating a basic budget step-by-step here and in a video. You can watch my video below.
But first, get excited!
Creating your budget may feel overwhelming at first, but I’m here to guide you through the process.
Before you watch the video, please read the three steps in Day 1 of my bestselling book The One Week Budget (it won’t take you very long). Click HERE for your free copy.
If you don’t have much time, here’s a condensed version of the steps for you in case you want to get started now:
Step 1 Create a List of your Spending Habits: a Money List.
Create a Money List by writing down all of your expenses.
Step 2 Show me the money.
Write the monthly cost of each expense on your Money List. Put your Monthly Take Home Pay on the top of your Money List.
Step 3 Money in the Bank: Savings
Calculate your Savings by adding up your Monthly Spending and subtracting it from your Monthly Take Home Pay. Fill in the amounts for Monthly Spending, Savings and Total.
I explain how to do this in today’s video here:
For today, fill out the full Money List sheet provided EXCEPT the Reduced Monthly Amount column. Leave that blank. We’ll tackle that later on in the Challenge.
Get your Money List templates here:
Click HERE for the PDF version of The My Money List.
Click HERE for the Excel version of The My Money List and The My Debt List.
Remember to share the budgeting skills you’ve learned with me in the comments.
Today is really critical so make sure you connect with your accountability partner(s) today. Did they create their budget? Are they having trouble? Do they need help? If so, you both can get assistance from the Dream Catchers in the Savings Challenge Private Community.
Before you go, share what you’re doing today on Twitter.
Today I’m reading the One Week Budget by the Budgetnista #LRCSavings. Click To TweetRemember, you can always find me here too:
Twitter: @thebudgetnista
Instagram: @thebudgetnista
Facebook: The Budgetnista
Forum: Savings Challenge Private Community (if you’re not already a member.)
Live richer,
Tiffany “The Budgetnista”
A Freebie: Have you saved and printed the Live Richer Starter Kit yet? It’s full of awesome freebies. Click the picture to get your kit.
Link not working? Copy and paste this: http://lrc.thebudgetnista.com/wp-content/uploads/2023/01/LRC-Savings-Edition-Starter-Kit-2.pdf
Want to work through the Live Richer Challenge: Savings Edition in a workbook? It’s already an Amazon Bestseller!
Click the link below and get your copy.
NEW YORK TIMES, WALL STREET JOURNAL, AND USA TODAY BESTSELLERA ten-step plan for finding peace, safety, and harmony with your money—no matter how big or small your goals and no matter how rocky the market might be—by the inspiring and savvy “Budgetnista.”
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