121. In Financial Survival Mode? 3 Budgeting Tips to Get Out Quickly.
episode
Budgeting With Confidence | God-Led Budgeting, How to Stick to Your Budget for Moms, Save Money, Manage Money, Money Habits and Routines, Money Mindset
31 min
1 speaker
8 chapters
transcribed 1 month ago
Transcript
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Transcript generated automatically by AI and may contain errors.
What is the main topic discussed in this episode?
Hey mama, welcome to the One Income Family Podcast.
Are rising prices putting you in financial survival mode?
Have rising prices put you in survival mode? Do you find yourself stressed whenever you look at your finances? Are you ready to put money back into your budget so that you can relax? That is exactly what I have in store for you today. I am going to share with you three ways you can use your budget to get out of survival mode. Your budget is a great tool to use if you know what steps to take. 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. 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
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.
What is a budget audit and how can it fix living paycheck to paycheck?
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. If you're ready to stop living paycheck to paycheck, then I want you to listen in as I walk you through a budget audit and what it can do for you. A budget audit, simply put, is a way for you to fix your finances. You'll learn what's going on in your budget, why you are living paycheck to paycheck,
why you are struggling to stick to your budget, where your money is all going, and you will walk away knowing what steps you need to take to fix your finances. These steps will allow you to be able to do more than just pay your necessities.
How did Molly's one-income story illustrate financial survival mode?
You will stop living paycheck to paycheck and find yourself saving money, getting out of debt, going on vacation, and even have a little bit of wiggle room that we're always looking for, right? So hit pause right now and send an email to mollybanel at gmail.com, letting me know that you would like to book a budget audit so that we can get you booked today. 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. Alrighty, survival mode. Nobody likes being there, right? But sometimes you don't know if you're there. And so I want to share with you, you know, exactly what financial survival mode is. Because sometimes that you can just be like, what exactly are you talking about here?
I can, I can understand survival mode when you know, you're dealing with life. But what does that mean in your finances? So I'm going to explain this by using my story. in relation to financial survival mode. So when my husband and I first decided to become a one income family, we were living on, let's say, maybe 40,000 a year, I think is what it was. So we couldn't exactly go straight from all the debt that we had into living on one income with only 40,000 a year. And the Lord, he did miracles and he allowed me to get rid of a debt that was really big and it was stopping us from becoming a one income family, which I have an episode on that if you'd like to hear the story. But to keep it short, we were able to become a one income family with only $40,000 as a
It was okay, but what I did because I so desperately wanted to become a one income family was I only set up my budget to be able to pay for bills, to be able to pay for groceries and gas and what we needed exactly to the T. There was no wiggle room. You had to be perfect.
How does the Bills System create consistency and stop paycheck-to-paycheck stress?
There was no choice to overspend in one area, which was really hard because my husband likes his food.
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Chapters
8 chapters
1
What is the main topic discussed in this episode?
0:00–0:04
2
Are rising prices putting you in financial survival mode?
0:04–1:22
3
What is a budget audit and how can it fix living paycheck to paycheck?
1:22–2:26
4
How did Molly's one-income story illustrate financial survival mode?
2:26–4:46
5
How does the Bills System create consistency and stop paycheck-to-paycheck stress?
4:46–6:32
6
What is a base budget and how does it build wiggle room in your finances?
6:32–11:30
7
What practical ways can you put money back into your budget by cutting expenses?
11:30–15:27
8
When should you consider adding income and what side hustles fit stay-at-home moms?
15:27–30:59
Speakers
1 identifiedMore from Budgeting With Confidence | God-Led Budgeting, How to Stick to Your Budget for Moms, Save Money, Manage Money, Money Habits and Routines, Money Mindset
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