The word budget gets a bad rap but really budgeting is just a way of distributing our money in ways that make us the happiest so that we can fulfill our goals and dreams. Sounds better, right? It’s all about spending money and prioritizing what we truly value. Budgeting is an important tool for creating wealth and setting ourselves up for financial success and independence.
In this course, I will:
- Take you through my step-by-step guide for creating a savvy budget that won’t feel restricting
- Help you consciously spend money in ways that make you happiest
- Create a budget that you will stick to
- Re-frame your outlook on budgeting and provide accountability
"The secret to getting ahead is getting started." - Mark Twain. In this video, I share why it's so important to start budgeting now versus later. Wouldn't you rather have an extra $83,481 in your savings account?
In this video I re-frame the nasty "b" word budget into something much more powerful. Learn what a happiness allocation is and why it's so important.
Now that we know how important having a happiness allocation is, we can start doing the groundwork for creating one. We start by figuring out what's truly important to us and understanding the concept of values based spending.
Another key component of a meaningful happiness allocation is understanding what we really want and why. In this video we get to the bottom of what you really want so we can make sure to incorporate it into your spending. As we go through each exercise in this section, it becomes more and more apparent what spending we can cut out without affecting our happiness or quality of life.
Another powerful way to look at our spending is by understanding the opportunity cost rather than just looking at the price in dollars. In this video we uncover what each purchase you make is really costing you and provide you with the tools to make smarter and more meaningful spending decisions.
To round out all the work we are doing on our spending (or the bottom part of our budget), we now focus our attention to the top part, what we are earning. Until we are being paid what we are worth, we are not maximizing our happiness allocation or happiness per dollar. In this video, I share some insights on effective negotiations. This is a skill you will benefit from using everyday.
With all the groundwork in place, we can now dig into the actual steps of putting together a happiness allocation. In this video I walk you through each step so you can create a happiness allocation that will work with your values, beliefs and lifestyle so you can maintain it and reach your financial goals without cramping your style or inhibiting your lifestyle.
In this video I provide a handy checklist to help you complete each important step to create a savvy budget that sticks. This can be a reference for you while you complete the work for this course.
In this video I walk you through how to use the Happiness Allocation Spreadsheet provided for your reference. This will be the template you use for putting together your budget and it is set up to be as easy to use for you as possible.
Ashley Feinstein Gerstley founded The Fiscal Femme where she works as a money coach. Ashley demystifies the world of personal finance and money for her clients whether they are creating a financial plan, negotiating compensation or paying down student loans. She offers one-on-one coaching and online courses including, a 30 Day Money Cleanse, Savvy Investor Course and Tackle Your Debt Course. Ashley and her work have been featured on Real Simple, NBC News, Fox News, Forbes, Yahoo Finance and DailyWorth, among others as well as her own blog.
Ashley has worked in the financial services industry for more than seven years: first as an investment banker, then in corporate finance and most recently running The Fiscal Femme. She graduated with a bachelor's in finance from the Wharton School at the University of Pennsylvania.