Are you ready to get your finances in order and become a money manager babe? Having your own money and being able to “work it” is such a great feeling!
You can be your own personal money manager and there is no need to rely on anyone else!
According to CNN in 1960’s woman could not open a bank account or a line of credit without a man to co-sign for them and if a woman wasn’t married the bank could refuse her (source CNN.com). This is a sad scenario and of course, would not happen today. But this just shows you how far us ladies have come.
It is now 2018 and “us” woman can and will handle our money. We are totally capable of being the go-getter, investor, homeowner and if you are single, YES – you can do it on your own and if you are married, of course, you can have an equal say. You’ve got this!
If you are married it is always beneficial to include both people in the money decisions and you can add SO much value to the budget and use of extra money in your house.
In fact, I know many households where the woman IS the money manager and handles the finances, budget, and bills.
If you are single, you can handle this “money thing” on your own and be ready to pay off debt and plan for financial freedom.
With the “Time’s Up” movement, in full effect after actress Michelle Williams HUGE pay discrepancy between Michelle and her male co-part Mark Wahlberg, it is more important now than ever, that women know their worth and are able to handle their finances. Don’t get me wrong, men have valuable contributions as well, but it is now time we are all included in money management and we can work together to be debt free and save for our futures!
Alexander Pope’s famous quote “To err is human” holds true for our many species driven mistakes. However, when we make a money mistake it seems to sting and leave us feeling shame and remorse.
Although money mistakes are as common as the wind blowing the snow, many money mistakes have easy fixes that will keep your money from blowing away from your bank account and wallet. As the snow settles, your financial situation can also settle. In fact, a key piece of our financial happiness is security.
Nonetheless, I’ve made a few money mistakes myself; however, with some careful planning, I was able to bring my finances back into check and you can too!
It always worries me when I see people spending money they do not have. What’s worse is having no budget at all and not taking the time to plan. In the realm of financial health, planning is key.
Dave Ramsey is a financial guru that has been through it all. He was a millionaire at age 26 but lost it all, only to turn it around and come back stronger at a net worth of around $55 million. Dave made it his mission to help others learn from his mistakes and to leave debt in the past.
Dave often uses biblical references to teach people about money. Moreover, he is known to quote Proverbs 22:7 stating, “The rich rule over the poor, and the borrower is slave to the lender.” After losing it all Dave has quickly built up his wealth, maintained his marriage, and now helps people learn the value of a dollar. Nonetheless, he teaches people how to pay down debt with his debt snowball methods.
Not only does Dave have New York Times Bestselling books he also created a class called “Financial Peace University” where he teaches live or video version of his baby steps method for becoming debt free and building wealth.
So when I was a kid, I used to swim every day. I would swim for fun! I would swim for exercise and because I grew up by a lake, I thought this made me an excellent swimmer. Daily walks to the lake entailed swimming laps and laying out in the sun. This was a way of life when you grew up a few blocks from the water. Winter was your enemy and summer your best friend.
Yet, that day in the five-foot hotel pool told a story of a different swimmer. Not the story of a swimmer that could swim laps around Michael Phelps, but of a vulnerable kid that could not get a grip. That was the day my brother started drowning. Yet, being the great swimmer that I am, I knew I could save him.
I saw it so differently in my head. I envisioned diving in, grabbing him, and pulling him to the edge. It was all so clear and I would be a hero!
However, I didn’t take into account, when the water is over your head and the other person is panicking – by the way, I’m not a life guard – saving them is near to impossible.
As I swam up to my brother bobbing up and down grabbing for any inch of air to fill his water-logged lungs, he grabbed me and started taking me down with him. I – the great swimmer from Michigan – started to panic myself.
What a long winter! Thank goodness spring is here! I’m looking forward to fresh air, birds chirping, and flowers blooming. As these signs of spring arrive, many of us start to plan our spring cleaning schedule and this got me thinking…We clean up our houses in the spring; yet, many of us don’t think to clean up our finances. The winter was harsh and we survived, but can we survive taking a good, hard look at our debt?
According to CNBC.com, eight out of ten Americans are in debt. Unfortunately, many of us have developed poor spending habits. We think nothing of spending more than we earn and our debt storm grows. Suddenly our bills are stacked up like a bunch of pancakes at IHOP. As the bills pile high, we continue to swipe away, thinking it will ease the pain.
In order to get out of debt and stop spending, it is important to look at the reasons why we overspend. Often, many of us were never taught how to budget or some spend to fill a void. Others spend to keep up with the neighbors or maintain an image. Whatever the case, discovering the meaning behind the spending will help us make a change.
However, this is harder than it sounds. I mean, how many times have we gone over our budgets while simply buying groceries? It is so easy to continue putting items in the cart and packing our homes and lives full of stuff. The next thing you know, we are cringing every time that bill shows up. It is like one big storm that keeps burying us. So once and for all, let’s dig our way out and get to the bottom of our destructive spending.
This is my third round of bi-weekly dinner meal planning! However, this time it comes with a twist! Why? A fellow frugal friend needed help. She had to find a way to feed herself and her husband for two weeks, but the kicker was she only had $35 for food. Realizing the need for low-cost meal planning, my “$40 Meal Planning Your Family Will Love” was born.
Inspired by her situation, I wondered how many others out there could use low-cost meal planning. So my challenge for this round is to keep your grocery bill around $40. Hopefully, you have some items on hand and you will spend even less, but if you do not, you will come out right around $41.
This list is a dinner meal plan so let’s see how well we can do. Be sure to read until the end and click the printable grocery list to save you time and money! My shopping for this meal plan was mostly done at Kroger.
Keep in mind, if you are saving money on your groceries, you will be able to put money away for other important areas of your budget such as an emergency fund, savings account, or retirement fund.
Cutting your food costs is one of the easiest ways to put extra money in your pocket. Not to mention, my $40 meal plan will save your sanity because you will not be rushing around your kitchen, like a crazy person, trying to throw something together when your kids are hungry. This is not a fun situation for anyone!