Smart Cents with Shaye

Mastering your Money: Budgeting, Saving and Mindset

Managing money can feel like an overwhelming task but with the right mindset and strategies, you can take control of your finances and make money work for you.

Budgeting: The Backbone of Financial Health

Budgeting is essential for financial health. It helps you track your income and expenses, making it easier to identify areas where you can cut costs.

1. Track every penny: Use an app or spreadsheet to keep an eye on where your money is going.
2. Set realistic goals: Allocate money for essentials
3. Review and adjust: Regularly check your budget and make

adjustments where needed.

Saving Money: Looking for Ways to Save Money

1.  Cut unnecessary expenses: I know you have heard this before but cutting those monthly subscriptions or memberships that you do not use or want is a game changer.

2.  Use an app to buy groceries. I use the Kroger app. I know when I am overspending. I can then make changes before placing my order.

Money Mindset: The Psychological Side of Finance

1.  Educate yourself: I read books and listened to podcasts.
2.  Stay positive: Focus on progress not setbacks. Give yourself grace. (This does help)
3.  Visualize goals: Start to dream about your future. Create vision boards. Write your goals on paper.

I believe all 3 categories are essential to making changes and sticking to a plan. Sure, you can achieve financial success without implementing all these areas listed above but you have a greater chance of exceeding your goals if you do.

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