119. Looking for Consistency? My Method to Quit Living Paycheck to Paycheck and Afford Food and Bills at the Same Time.

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Molly Benell 0:00
Hey mama, welcome to the One Income Family Podcast. Are you looking for a way out of the paycheck to paycheck lifestyle that you're living? You know, the one where one week you have $50 left to your name and the next week you maybe have hundreds?

How does Molly define the 'paycheck to paycheck' mindset and its effects?

Molly Benell 0:14
Are you ready for some consistency? because today I am going to be sharing with you the method I use that has allowed me to stop living paycheck to paycheck and give me a consistent dollar amount to work with each and every time I sit down to budget. So go cuddle up with a nice warm drink, get comfy with them babies, and open your heart to God as we head into today's episode. Do you find it hard to save or get out of debt? Are you constantly searching for ways to save money and live on a budget? Do you have big dreams only to be stopped by not sticking to your budget? Are you ready for financial freedom? Then you mama are in the right place. Welcome to the One Income Family Podcast where you will learn what it looks like to budget on one income.
Molly Benell 1:05
how to partner with God in your finances, how to budget in a way that's easy to stick to, and how to cut costs and save money all so that you can start building wealth. It is my mission to equip you with these tools so that you can live in abundance regardless of the amount in your account. Hey, I'm Molly, a budget coach for stay-at-home moms, and I know what it's like to struggle on one income. I've lived paycheck to paycheck, relied on being frugal, and failed many budgets until I learned how to budget without tracking. This has allowed my family to pay off debt and build wealth all on one income. So if you are ready for financial freedom, then go grab that stroller, plug in those headphones, and let's get to it.
Molly Benell 1:54
Hey mama, I see you out there. You're living on a set income with no wiggle room and it just feels so restricting. I know that you're struggling to balance it all. I know that you want to stop living paycheck to paycheck so that you can save money, you can pay off debt, but most importantly, enjoy your life and have fun. I see you struggling to get ahead because budgeting, tracking, and managing it all just feels impossible. It's time to let that all go, to stop feeling restricted and overwhelmed, and to lean into an easier way of budgeting. I am going to help you set up a budget that ends the paycheck to paycheck cycle. A budget that gives you wiggle room so that you can buy the extra thing. A budget that is set up on systems so that management is simple and tracking is easy.
Molly Benell 2:53
I want you to hit pause right now and send me an email to mollybanel at gmail.com. with the subject line budget audit so that you can get started with me and we can get this going for you. Again, that's mollybanel at gmail.com. So that's M-O-L-L-Y, B as in boy, E-N-E-L-L at gmail.com. Are you in? Alrighty. So when I first started budgeting, like we first became a stay at home family, my budgeting systems were not great, right? As I'm sure you've heard over the many episodes that I have shared this with you, but my systems were just simply, you know, pay the important things and And then just do whatever with whatever was left over. And that, you know, it got me through the living day-to-day stuff. But it didn't get me anywhere else.
Molly Benell 3:48
There was no savings. There was no growth. There was just, you know, living the day-to-day life. in that paycheck to paycheck lifestyle or mindset, I should say, because paycheck to paycheck is essentially, it's a mindset. It's not actually like the physical numbers, but sometimes it can be, and it can feel like that when one week, you know, one paycheck is because of bills you have no money left over like sometimes maybe you only have $50 left your name after you've paid bills or after you've paid bills and then got groceries and you're like okay well how am I gonna you know pay for the gas that I need to get to work and that kind of stuff and so Then you have the next week you pay bills and you have like two, three, four, maybe $500 left over because you didn't have to hardly buy anything, right?

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