Epic fail when it comes to your finances? Budgets are terrible, horrible, painful things that suck all the life and fun out of you. Until now.
Why aren't you good at managing your money? Is it your math skills? Nope. Is it what you do for a living? Definitely not. Is how much you make? No. It all comes down to one thing:
Your financial habits stink. Use this course to fix them.
First, you'll learn how the brain works and how habits run your life. Next you'll take a look at spending to formulate a plan for what's ahead, learning money tips along the way. Then, you'll build an awesome routine to set yourself up for success and integrate it into your life. Each lesson is bite-sized -- between 1 and 9 minutes -- so you can watch intently or listen while you walk the dog. The worksheets are designed to be done in 15 minutes.
This was designed for the financial train wrecks, the clueless, and the I've-tried-it-all-and-failed, not the over-achievers or the people that like math. Go at your own pace and transform yourself from a money-zero to a money-hero.
Welcome to Budgets for the Unbudgetable! To help you learn on the go, make sure to get Udemy's app for your smartphone here:https://www.udemy.com/mobile/ (Why not walk the dog or clean the bathroom while you get smart about your money?) This lesson is a quick overview of the course to give you the lay of the land with a few ground rules. After this, you'll have a tidy spot where your money will live.
Have you thought about your typical money routines or other routines that you have? In this lecture, we'll explore how routines help the mind go to a place of comfort and autopilot to allow us to accomplish tasks without thinking about them. After this lesson you'll start to identify patterns you have in your life and to establish a physical space for where your money-related papers/files will live.
Sometimes routines get attached to good or bad feelings as the action pattern to get us to that feeling or away from it! In order for us to build habits around our money that will feel natural and easy going forward, we have to pick a desired financial feeling to go after as the goal.
Bridgenosis Video and information referenced is located in lecture 29 under Resources in Section 7!
Getting in a place of not feeling good about our money is the product of lots of little habits over time -- like Earnest Hemingway wrote in "The Sun Also Rises"... "How did you bankrupt," Bill asked. "Two ways," Mike Said. "Gradually and then suddenly." This lesson dives into dissecting habits and then looking for ways to shift or start new habits, by attaching them to other habits we already have.
We're revisiting our Financial Control Center in this lesson and examining how money, bills, etc., flow in and out of our physical space. You'll also set up a financial calendar to give you insight on what's coming next with your finances so that you'll be able to spend on the fly without jeopardizing what's coming next.
Failure is one of the most valuable things we can have happen to us; it allows us to get wisdom we never would have had otherwise and to grow from it! In this lesson we take a moment to talk through the positives of failure and to redefine financial success.
Remember Notorious BIG's rap "Mo' Money, Mo' Problems" from the 1990s? Well, having more money doesn't always solve your problems. In fact, it's what you do with the money that you have that defines success. In this lesson we're going to take a look at a few real-life examples of folks (with lots and with little income) and see how they handle financial stress. At the end, you'll be able to outline what you want your relationship with money to look like and better hone in on where your dollars should go according to your desired financial feeling.
Don't get caught in a murder mystery where you're investigating where and how your money died. Those crimes have already happened and we can't do anything about them now! It's time to look ahead to prevent future crimes! This is the first part of building your framework for deciding where your dollars should go and giving them all a job in your spending plan.
It's time to hone in on some of your expenses and act like the CEO of a company who wants maximum services for the least amount of money. At the end of this course, you'll have reviewed your cell phone, cable, internet, phone, insurance, electric, and water bills to see if you need to make any changes. You'll hear about some spending hacks from other people too.
Today you'll be tracking down expenses, mainly in the areas of transportation, sports/hobbies, haircuts, lawn care, and so on. Last: identify any debts.
Scarcity is a GOOD thing -- it makes you have to solve problems creatively. Like Survivor (or similar shows), sometimes when you only have a few tools and materials, you can come up with some pretty useful stuff to get the job done. Today's lesson asks you to think hard as you go through your expenses and see if there are creative ways to get the same stuff accomplished but for less money. You'll also need to track down your auto maintenance, groceries, and anything else for your spending worksheet.
Food and entertainment are difficult parts of any spending plan. This lesson includes some hacks for your grocery bill and entertainment. Remember not to try to add new things into your life that require significant changes in your habits!
Now that we've collected your expenses, it's time to assign your dollars a job in line with getting you to your desired financial feeling. What are your most pressing goals and priority short term? It's time to give all your dollars a job.
The hardest part of a spending plan is the unpredictable! The best laid plans can be waylaid by an emergency. This lesson explores what that means, ways to combat it, and helps you make a decision on what your emergency savings should be.
Nobody rolls out of bed and decides to bury themselves in debt that day. Like most of our money habits, small actions over time have led us to where we are today. This lesson talks all about Debt -- the good, the bad, the ugly -- and when it's healthy and when it's a problem. At the end of this lesson, you'll dig in on where your debt fits in to your overall spending plan and create a path out of it.
How do you deal with curve balls to your plan? It's important to learn to stay flexible with your spending plan and also to develop the habit of looking ahead to cut down on the amount of curve balls thrown your way. No one likes surprises -- this lesson helps you to start thinking in terms of developing the habit of looking ahead and staying flexible.
It's time to take inventory on what we've covered in the lessons so far and to look ahead. We've covered how the brain works and the anatomy of habits, built our financial control center, built our spending plan framework, talked about savings and debt, and the need for staying flexible. Next up is setting up our ongoing system and working it. This lesson frames the fact that goals are important, but really it's the system and the little steps taken consistently that matter most.
The first step in setting up your system is to identify where it will fit in your life. Whether you're high tech, low tech, or a mix of the two, there are easy ways to make your system fit into your life. We'll cover those in this lesson, including tracking your spending plan by paper, Excel, and using an app.
Sometimes the best way to figure things out for yourself is to take a look at how others have done it. Remember, you may choose to spend your money very differently than the person in our example, but their spending plan with get you started. This lecture covers a spending plan for a single person.
Families have a lot more moving parts than singles do when it comes to spending money. This goes through a family's spending plan to provide an example of how they're making it work.
Now for your money routine. How are you going to insert tracking your spending and keeping up with your finances into your life? Remember, the habit that requires the LEAST amount of change to your daily life is the one that will actually work! This lesson will assist in thinking about how you'll make this a habit.
You're likely going to fall off the wagon when it comes to spending and your new habits for tracking your spending. Why? Because you're human. The question is, how will you deal with it when you don't do what you've set out to do? At the end of this lesson, you'll work through when you know you'll be tempted and you'll make a plan for getting back on track.
This lesson is designed for anyone who manages their finances with another person, either as a couple, a caretaker, or co-habitating. Learn ways to have less arguments over money, divide expenses, and adopt a joint money philosophy.
This lesson covers how your long term financial picture fits together. Your most valuable asset is your paycheck. You will learn how the benefits offered at your job help protect your paycheck and why. This lesson will help you make sense of your benefits enrollment meetings!
A beneficiary is someone who will receive your assets if you die. This lesson is all about Taking Care of Business and making sure your beneficiaries are up to date.
We're going back to how the brain works for this lesson. You may have heard "fake it until you make it" as a mantra, but this lesson explores what that really means and how it fits in with taking small steps forward in your new money routine.
It's time to take a step back and review your entire money system that you've built. From figuring out where you want your money to go to tracking your spending and making decisions on the fly, this lesson will help you review what you've built from a high level so that you can tweak what you've built to really fit you.
When working toward big goals, it's really hard to feel good about where you are when you're only part of the way to the goal. This lesson helps you take a step back to reflect on what you've learned and where you're headed next so you can celebrate the small wins you've had so far and look forward to the long term big wins. You'll revisit the Best Tips Google Doc to log your best money saving hacks and how you built your routine to help inspire others.
Mentioned earlier in the course, this is an interview with Laura Palmer of Bridgenosis and instructions for downloading her hypnosis track that will prime your subconscious to be open for change.
Here are frequently asked questions. Have another? Send a note!
If you were curious about some of the readings, here's a list of the books and articles mentioned in the course.
Retirement Planologist who wants people to have the luxury of deciding how they spend their time later in life! Graduate of Vanderbilt University, Top 401 Retirement Plan Advisor (Financial Times 2015), Top Women Advisors (NAPA 2015), Chartered Retirement Plan Specialist, Accredited Investment Fiduciary, Financial Translator, Educator, Entrepreneur, owner of corporate retirement plan consulting and advisory firm Retirement Planology, Inc.