Having a budget is the foundation to your finances…much like the foundation of a house is needed to keep it stable. You have to know how much money is coming in and how much money is going out. If you are not aware of your budget, you are not setting yourself up for success. Without a budget it is hard to know anything about your financial well-being if you do not know what is going on in your accounts.
This episode covers everything from having a WHY for your budget, your money, the reason you want to have your finances under control. I also walk you through the steps of coming up with a budget that works for you. You have to know your fixed and variable expenses and I help you figure out what those expenses are.
My goal is to help you budget your money and stay debt free!
In this episode I cover:
- Knowing the WHY for your budget
- Understanding what money is coming in and out of your budget
- Looking at your fixed and variable expenses
- What to do if you go over budget
- How to avoid using a credit card
Don’t Miss Last Week’s Post:
Connect with Megan:
- Follow on Instagram – @meganmendez__
- Website – meganmendez.com
- Join The Debt-Free CEO FB Community – The Debt-Free CEO Community
More About The Debt-Free CEO Podcast
Are you tired of getting yourself further into debt month after month? Does your mindset around money play a factor in your family’s spending? Do you struggle with knowing which debt to pay off first and how to keep yourself from going further into debt? Maybe you’re a freelancer who struggles with how much to pay yourself each month making it difficult to create a working budget.
In this podcast, you will learn ways to manage your finances to set you on the path to debt-free and on to financial freedom.
I’m Megan Mendez, and I was a tired teacher needing to get out of debt to leave the classroom for good. In 2021, paid off $53,000 worth of debt in 12 months and started my freelancing business shortly after. I’ve been able to successfully pay myself as a business owner and continue on the path to financial freedom and now I want to help YOU do the same!
My hope is that this podcast gives you tactical tips to help you improve your finances and set you and your family’s future up for success. I hope you’ll join me as we journey to financial freedom together.