Becoming Aware

Welcome back to week 6 where we are talking about “awareness”. After last week's chat about life insurance, you’re probably looking for something a little lighter... 

I liken becoming money aware with wearing a #FitBit.... My FitBit logs my steps, how many calories I burn, and if there is a gap between what I have burned and consumed to create a calorie deficit. 

Stay with me now.... So how does this translate into money? The more I move (earn) and the less I eat (spend) means I lose weight (create savings).  

• Calorie Burned/ available to eat = Your Available Income to Spend

• Calories Consumed = Money Spent

• Calorie Deficit = Savings  

I have often heard people relate their money journey with a renewed focus on their nutrition- interesting! If the body has Fitbit, what does money have? At one time it had Mint.com, an oldie but a goodie, long gone! Another I have used is YNAB [You Need A Budget] a tracking app that pulls all your account information like income and expenses into one place. It gives you up-to-the-minute feedback on what’s happening with your spending…just like Fitbit. 

I have been able to manage areas of my spending that from time to time get a little bloated…just like my waistline after Christmas. With feedback on where my spending is, I can course correct it immediately, ensuring my monthly budget is on track. 

This week take a moment to consider how having a budgeting app could help you become more aware of where it all goes. When you start a budget program with me, I will help you use this and other great tracking tools to stay on course.