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.

Link not working? Copy and paste this link: http://lrc.thebudgetnista.com/wp-content/uploads/2024/06/lrc_save_day_9-540p-1.mp4

 

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:

Untitled

 

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 in the Savings Challenge Private Community.

 

 

Remember, 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”

 


{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}
>