TOP 10 WAYS TO CREATE YOUR PERFECT BUDGETING PLANNER Building your foundations first Lucy @ budgetingandplanning budgetingandplanning co uk | ©Budgeting and Planning 2022 No part of this product may be resold, redistributed or reproduced without written permission from the author
BUT it's like cake Have it, enjoy it, it's not going to do any harm But eat it every day and your jeans will start to get a bit tighter Consistency over time always wins.
If you feel guilty then maybe don't buy it?
If you were just needing to treat yourself has the novelty worn off already? Can you go get that refund?
How will you create flexibility?
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Living like that long term is no fun & likely not to work when too restrictive
Want to make the most out of your ISA allowance such a great idea what are you planning on doing with your savings?
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Living month to month works really well when you ' re in the detail but creating your big picture game plan has to come first & be super visible
If you ' re in an urgent state where you need money, understandably cutting out all non essentials is the way to go so that you can get there quickly
Month by month expenses, income, birthdays, car servicing, and trips away, all need a birds eye view so that you can reverse engineer each month love this kind of forward planning! Designing your life looking forwards & ensuring your budget matches
Your budget blueprint for the year ahead enables you to adjust ahead of time so that you work around what's going on
With your hand on your chin contemplating your next chess move, you look at all the pieces on the board not just your own, so that you can manoeuvre strategically don't you?
Want to save up for something gorgeous like a holiday? Such a great motivator always works for me!
When making decisions to buy something, like sometimes I really NEED that H&M dress and it's ONLY £17.99... then just know it could be impacting on your goal a little bit.
If you had your beer goggles on at the time then go and get a refund when the hangover has gone!
What's important to you in the near or distant future that you are aiming for? What do you mean you ' re not? Grab the other free ebook, Creating Your Perfect Budget Plan before you go any further This is more than maths, this is your life Do you want to get organised great, then what do you want after that? How will being organised benefit you? Want to pay off your overdraft? Perfect, then what will you do with that extra monthly available budget?
Don't worry you ' re definitely not alone Food, fuel, electricity & gas, national insurance, council tax get your big changes listed out in the months they are going to hit down so that you can adjust your spending money (budget) or reduce other items deemed essentials but perhaps aren't when you really think about it
Starting with the end in mind gives you a destination so that you can point your car in the right direction.
So when you have your goal, create a timeline that allows you to live a little as well
Did you just shrug and mumble something about having no idea ?
Create 12 months visibility What are you working towards?
Build your 10 foundations
So how are all the changes going to affect you?
And it's an absolute must that you revisit your plan when you ' re struggling to stay motivated or when you ' ve achieved it and need a new plan
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Plot out which months have these expenses, how much they cost and work backwards if you need to create a savings pot for these A "sinking fund"
Does it burn a hole in your pocket, make you feel better when spending it, bring you joy, make you generous or feel guilt, anger or envy?
Knowing Christmas is paid for ahead of time is a wonderful feeling. But do you really need to spend that much in the first place?
What is your next move on this one going to be ? Hopefully all is rosy in your house and you are on the same page But just to be sure, create a lovely afternoon with a nice lunch date, glass of wine & chat about what your joint journey looks like now Write your next chapter together. Your relationship & money
By sliding a little each month into an emergency only account you'll feel a bit better knowing that you ' ve got this to fall back on And if you don't need it, keep topping it up, every little helps!
Quick confession, I once used my emergency fund to buy 3 "Mulberry" bags in Turkey whilst on holiday they were sooooo good it happens! But get back onto your plan again before it spirals How to manage The expensive seasons
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There are some great books & courses on money mindset, one of my faves is by my friend Liz Almond called Are you worth it? Your partner will surely have their own opinions on money, are they aligned with yours?
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Is the balance all wrong with you both pulling in different directions? When falling in love with each other was this a factor then or has it changed over time?
Back to point number 1 are you both working towards the same goals? If the answer is no then creating your chessboard game plan is going to be tough you ' re effectively playing against your opponent and only one of you will get to checkmate You're meant to be on the same team
Build a safety net
Building your 10 foundations
Harmonious home life is underpinned by many things but being on the same page with your finances is pretty up there.
So along with an emergency pot, creating an annual "oh god it's that time of year again" pot can be so wonderful when your car service reminder comes through
A rainy day fund, an emergency break glass pot
How do you feel about money?
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Do you have lots of arguments about money?
It's quite complex but having emotions with money is really similar to having emotions with food or friendships & a lot of other things Ultimately it's all about you, and how you feel about yourself that shows up in your reaction to it and all the other things in life How differently would you feel if you had more than enough of it all of the time? That is a pretty telling answer Feeling envious of what another person has usually means I'm disappointed by what I haven't One thing I never think anymore is "Oh it's alright for them because" as that just makes me feel like a victim, hard done by, slightly bitter. When I know I can do something about it and also be grateful for what I have already got, it's way more energising
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I have felt all of the above but why such a range of emotions?
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Giving your accounts a definitive job to do enables you to have clarity about how much you have left to spend. not wonder if a bill has come out or not you'll always have the exact balance available to you so you can make easier spending decisions also make my money work for me so the account I use is actually a UW cashback card (not an actual account but a preloaded MasterCard) where my budget magically transfers onto it each month and I get cashback literally everywhere I spend money in the UK. Spending money earns me money how can you not love that? email me or book in for a free bill review where I can show you how you can do this too. online
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Mixing & matching cashback sites is fab, use my links to get you set up: Top Cashback: https://bit.ly/topcashbacklucy and also Honey: https://bit ly/honeylucy with store cards like Tesco, Boots, Nectar, is such a great way to shop and whilst it might seem like a lot of effort, I can promise you it's not! co uk and Planning without written permission from the 3 Bank Accounts is ideal to get you set up & keep you organised Main working account. Money in, direct debits out. Set up your savings on a direct debit so they're taken care of like a regular bill Home essentials like food shopping and dentists want to buy, to enjoy can be pre determined when you ' re budgeting as you'll see in advance how much you'll have each see an opticians appt for example know that month you'll need to put aside £100 or whatever, into that account
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Your last two building blocks... Be in control mid month, all month Keep your plan simple & in your style Whether you love using a big piece of A3 or a notepad or one of my done for you templates or an app it's got to be right & what works for you If you just grimaced at the thought of doing this you ' re definitely not alone which is why for the price of a good diary or a lunch date you can have one of these gorgeous ones, all set up for you so you only have to do the bare minimum, phew! You have 10% discount don't forget to use your code WELCOME10 off your first purchase budgetingandplanning.co.uk
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Creating your plan 1. Why what difference will this make to you? 2. How will you feel when it's in place & a part of your life? Congratulations you're on your way! Let's keep in touch so I can continue to support you So, of these 10 foundations you ' ve just read about, which one or two are you going to start working on this week? budgetingandplanning.co.uk | ©Budgeting and Planning 2022 No part of this product may be resold, redistributed or reproduced without written permission from the author
LovefromLucy x Please like & subscribe to these channels we can remain easy friends then! I currently live in Kent UK in a lovely rural location with my two rescue fur babies & a partner called Justin who's not in the least bit tidy or organised! Good job I am then! Hello I'm Lucy! After 30 years of looking after my lovely teams & customers in various people leading, HR & wellbeing roles, I transitioned to starting my own business as a Financial Wellbeing Specialist. Yes a bit of a change! Nurturing others & watching them develop is such a pleasure & managing your money is a skill just like anything else. I certainly never learned this stuff in school did you? Thank you for downloading this workbook & please do leave a review on your social media pages tagging budgeting.planning so that others can find it & love it as you have © budgetingandplanning co uk | info@budgetingandplanning co uk This is intended to be an organisational support guide not financial advice. Facebook.com/budgeting.planning Instagram.com/budgeting.planning Linkedin.com/company/budgeting-and-planning Pinterest co uk/lucywallington/ Youtube.com/channel/UCCzRNY7V7DZ5SlXDoIhWmiA
