How To Budget Like A Financial Coach

by | Feb 6, 2023

Having a budget is the cornerstone of any good financial plan. If you’re looking to get your finances in order, having a solid budget can be invaluable.

With the New Year here now is the perfect time to rewrite your financial future. From setting up a budgeting system to creating financial goals, it is important to give your finances some attention to set your year up for success. This process doesn’t need to be hard or overwhelming. You can put aside one night this month and create a budget for this month. I like to break it down by paycheck and just think for that period for those expenses like groceries or dining and irregular expenses. Keep in mind that a budget is a living document! It needs to change with your life, and not feel like it’s a one-time event that you’re stuck with.

According to a 2018 survey by the National Foundation for Credit Counseling, only 41% of households maintain a budget. Creating and following a budget is the best way to ensure you are managing your finances responsibly.

As a financial coach, I know how important it is to create a budget that works for you and your lifestyle. Here are some of my top tips on how to create a budget like a financial coach.

How to Create a Budget Like a Financial Coach


1. Figure out your income and expenses. 

If you are looking to get your finances in order, the best place to start is by understanding your income and expenses.  Knowing where your money is going and having an accurate picture of how much you have left over each month can help you make smarter decisions about your finances.  This is the most important step in budgeting.

2. Create a budget based on your income and expenses.

This will help you stay within your allocated funds, and it will also give you a general idea of how much money you need each month to cover your costs. With the right plan and guidance, you can be well on your way to financial freedom.

3. Stick to your budget.

It may be difficult at first, but with support and consistency, you can learn how to budget your money in a way that works for you. Sticking to your budget every month will become easier and more reliable over time, and you can start building a better financial future for yourself.

4. Review and adjust your budget periodically.

No matter how well you think you’ve planned out your budget, it’s important to review and adjust it periodically. This could be every month or even every few months depending on your financial situation. Determine the best timeline for reviewing and adjusting your budget and stick to it. Also, seek guidance on if your money is working for you in the most effective way possible

5. Use technology to make it all easier!

Once you have your budget created, it is all about living within that budget. Which can be difficult in the world of credit cards and online shopping. Which is why I have all my clients using Qube Money. Qube money has made the cash envelope system, that works so well, modern & easy. They invented digital cash envelopes. Real-time financial awareness without the hassle of tracking expenses, updating spreadsheets, and carrying cash. 

I love using them so much and here is a little bit more information about how Qube Money works. 

In this video, you’ll learn about what Qube Money is, how my daughter Mallory uses it in her daily life, and the benefits it offers. Discover how Qube Money can help you take control of your finances, budget smarter, and achieve your financial goals. This is a great overview for anyone looking to see if Qube Money could be the right financial management tool for them. Don’t miss out on this informative and insightful discussion!

You’re now budgeting like a financial coach!

Creating a budget is essential for financial success. It can be overwhelming, but with the right plan and guidance, you can be on your way to financial freedom. Understanding your income and expenses, creating a budget based on that information, sticking to it, and using technology to make it all easier are the five steps to creating a budget like a financial coach. With the right budget and tools in place, you can set yourself up for financial success in the New Year.

If you need support creating your 2023 budget and are ready to leave the money stress behind, then schedule a free session with me today.

About Penny Kidd

I'm a social worker turned Financial Coach. I'm completely debt-free (including my house!) and help others make their money behave by doing a budget and becoming intentional with their money.

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