127. Ready to Reach Your Goals? Create Categories You Will Actually Stick To.

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Molly Benell 0:00
Hey mama, welcome to the One Income Family Podcast. Do you have too many categories or maybe not enough categories for your budget? How many times have you sat down to even budget and you feel like you have absolutely no money because you have so many categories?

How do I know if I have too many or too few budget categories?

Molly Benell 0:16
$10 here, $20 there, and you've achieved nothing. That my friend is exactly what we are going over today. How to decide what categories you need, if you have the right amount and how to pair them with your accounts so that you can achieve your goals and stick to your 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 1:09
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 1:56
I just want to start this off by saying thank you so much for tuning in with me every single week. It lights me up to know that you're enjoying the show. But before we jump into today's episode, I do want to reach out and ask you to leave a quick written review for the podcast. Share with me how the podcast is impacting you and what you enjoy about it. It keeps me excited knowing that you are enjoying the show, which is what helps me to bring you new and fresh content each and every week. And I love knowing that I'm helping you master your finances for a better life and a joyful family, right? Because that's the ultimate goal. All you have to do to leave a review is scroll to the bottom of the show and click write a review.
Molly Benell 2:43
It's in purple. You can't miss it. rate it and write your review so hit pause take 30 seconds to leave a wonderful review that not only lifts me up but helps to get the podcast out to other mamas who are searching for the same things I look forward to reading your review and you never know I might just end up reading it on the show Oh my goodness. So I remember when my husband first got a little bit more income than what our basic needs were, right? And I was just like, oh my gosh, I have all this stuff that I want to do. I can put money here. I can put money there. I've got this goal and that goal. And when I actually started putting money towards those goals or trying to budget for it, I'm like, wow, I can't actually achieve anything.
Molly Benell 3:35
And I did try it. I tried budgeting like that for a few months and I'm just going, this is not working. Like it's just not going together. These categories were categories that I loved. They were things that I wanted to do. But then I realized after looking at it and really like digging deep that that it wasn't necessarily the categories because I didn't have categories. I had goals. And we'll get into that a little bit later, but I had so many goals that it was hard to achieve anything, right? So what I had to do was I had to actually lump them into categories because So it felt like I was actually achieving something. So before I just confuse you and continue to go down that story, let's jump into today's episode.
Molly Benell 4:28
And the first thing I want to talk about is just how to identify your categories.

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