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How to Start Budgeting

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Your Frugal Living Questions Answered

The other day on Instagram I requested all our Pearls to ask this frugal living mama anything. You ladies came up with some really fun questions!

Some of the questions are related to family finances and some are random questions related to our everyday life. At first I thought I might leave those ones out, but on second thought left them in.

On some level, every decision we make can boil back down to our core values of frugal living. From the kind of hair products I choose to use to the worries of my husbands job. They all play a role in the decisions we make with our finances.

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When learning about frugal living there are so many questions that run through your head. Continue Reading →

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How to Afford the Life You Think is Unattainable

You have big dreams for your family, but that’s all you believe them to be. Dreams… You keep wondering how to afford your dream life.

You wish for a life without having to worry if you have enough money to pay the bills. You fill stuck with no hope of a brighter future.

What would it be like to live without the weight of your debt on your shoulders? What would your life be like if you could own your own home? What would you be willing to do in order to live out adventures as you travel with your family?

But your stuck thinking, “I won’t ever have a life like that.”

To that I say, WHY NOT?

You have big dreams for your family and today I am going to show you how to turn those dreams into goals and those goals into a goal based budget. You need a financial action plan to get you to your dreams and I am going to show you what needs to be done!

Setting goals is one thing, but how do you actually reach your goals for your family? How can you dream big but still set realistic goals? This is what you need to do in order to set goals, stick with them, and start living an amazing life with your family. Continue Reading →

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Our Family Finance Rescue Story

This family finance post contains affiliate links at no additional cost to you. Thank you so much for supporting Pennies Into Pearls by using my links!

I know how it feels! The weight of all your financial worries makes you feel like you can barely tread water for one more second before your head goes under! You find it mind baffling that for some unknown TO YOU reason you can not stick to a budget even if your life depended on it.

I am talking about how we got our family finance in order and paid off $20k in debt and how there is hope for you too! I’m sharing my secrets and giving you a dose of serious motivation to get started with your family finances in 2019! Continue Reading →

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3 Hidden Reasons Why You Aren’t Good at Budgeting… YET

We’ve all been there, Pearl. You set a budget with all the best intentions, then BOOM, budget is blown in an instant. And it happens over and over again. How does someone get started, and actually stick to their budget? Your budget is failing!

It’s definitely not a cake walk, though I wish it were because that would be more enjoyable.

The part that a lot of people miss is that there is a mindset you have to have around money to become successful. You have to change how you think, feel and act around money, to start to see momentum build up behind you, pushing you towards your goals!

Creating a positive money mindset is vital when it comes to staying on budget! The problem is most likely you have some not so obvious hurdles that keep pushing you off track. Resulting in your budget failing over and over again.

Let’s uncover those hurdles so you can start crushing them!  

 

When budgeting for beginners it can quickly become overwhelming and you find yourself feeling defeated and a budgeting failure. YOU’RE NOT! Here are five budgeting tips that will help you know how to fix your budget and never fail ever again! Continue Reading →

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Pearl Life Interview #1 – Missy’s Real Life Budget Strategies

This is going to be fun! I am so happy to introduce you to a brand new series here on Pennies Into Pearls where you get a look into another Pearl’s real life budget strategies and life lessons that they have picked up along the way.

Learning how other families are making it work is always a top way to keep our own motivation. When working through your own financial rescue for your family, I want these Pearl spotlights to offer you encouragement to keep going!

As you watch these real life budget talks, pay attention to strategies and tips that you can try out with your own family finances. Is there something our Pearl has done that you could adjust a bit to customize for your own family budget?

Is there an easier way to learn all the budgeting basics than to take a look into a real life budget from another family? I don’t think so. Seeing how another family is making it work in real life offers so many useful budgeting tips! In this VIDEO you will learn budgeting for beginners tips that will help you start reaching your family’s financial goals! Continue Reading →

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6 Ways to Get Your 2019 Financial Goals in Order

This setting financial goals post contains affiliate links at no additional cost to you. Thank you so much for supporting Pennies Into Pearls by using my links!

Hey Pearl! 2019 is here and it’s a GREAT time to sit down and really get your goals set for this year. We could set all kinds of personal goals, but I am here today to help you set your money goals for 2019.

Let’s reflect on 2018 first, shall we? What were your financial wins and loses last year? Is there something that you are doing particularly well, and areas that could use improvement?

Write them down! Now, let’s dive into the 6 best tips I have for setting financial goals for 2019!

Make sure you also follow me on Instagram where I often share stories talking about creating a budget, like these. 🙂

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Our Budgeting Basics

5 Money Questions for Debt Free Living

When You Suffer from Budget Burnout

 

We will be talking about setting your financial goals to support your overall dreams! If your financial goals support your dreams, you will be much more likely to stick to them. Let’s dive deep and get those dreams realized!

 

6 Steps to Financial Goal Setting

  1. What do you value?

What is valuable to you in your life right now? It may be spending time with friends, getting outdoors, working out, cooking meals? Once you know what you value, you’ll be better equipped to set your financial goals to help facilitate those values in your life.

  1. Brainstorm Your Dreams

I want you to list out ALL of your dreams, whether they are fiancial or not. Once you know what dreams you have for your future, you can create financial goals that lead you in the right direction! Make a list of 5 dreams you have for the next year, 5 dreams for 5 years from now, and 5 dreams for 10+ years.

  1. Prioritize Those Dreams

Now that you have a big “brain dump” of your dreams, let’s narrow it down. Prioritize and get down to the 3 most important dreams for the next 1, 5 and 10 years. Pick 3 dreams for each time period. From here, we are going to start to make a list of actionable steps to take for each dream you have. Where do your goals and values align? Make sure every goal you choose reflects what you value most.

  1. Top 3 Life Goals

Now we are going to dive in even deeper. Let’s narrow it down to your top 3 goals for your whole life. Don’t focus on anything else but three at a time. I know this is a hard step, but its so important to help drive you towards making financial choices that help you get to your dreams the fastest.

  1. Get specific

For each of these 3 top goals write down:

  • What the goal is
  • Why it’s a priority and why it makes the cut and deserves your attention
  • Write down any potential obstacles that might stand in your way
  • What financial baby steps will help you achieve your goal. Write them down.
  • Give it an ideal due date
  1. Reevaluate Regularly

Now that we have these goals, and steps to reach them, you’re going to reevaluate every 6 months to see where you’re at with achieving them. You’ll be able to readjust at this time. For example, lets say your top goals were getting better at meal planning, saving for a vacation and spending more time outside, but then you had a baby. Now you may shift to saving for college for that child in the future. Our priorities change from time to time so make sure you’re adjusting as you go.

Setting big, lofty goals can be really challenging. I expect this to take you some time to work through. But having these goals laid out is going to give you an excellent starting place for building a goal based budget. Another thing that will help is taking one of my FREE webinars coming up this week and next!

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Our Family’s Cash Envelope System Breakdown

There are a few things that will be huge game changers when it comes to sticking to your budget once and for all! The very most important is to start using a cash envelope system!

You remember that stuff right? Cash. It’s that stuff you used to use as currency in exchange for goods or services.

Using cash instead of swiping your debit or credit card every time you step into a store is statistically proven to help you spend less money! I’m guessing that might be a problem for ya.

But you don’t want to just go pull a random amount of cash out of your bank account and head straight to the store with no plan. That could result in financial disaster for you!

 

The very most crucial step in sticking to a budget for your family is to start using a cash envelope system! This example is full of real life numbers from a family’s cash envelope system. Use this as a guideline for starting your cash envelope system for beginners.

Continue Reading →

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Our Family’s Monthly Grocery Budget

What would your monthly grocery budget look like if you spent it all in one day? That is exactly what I do for our family every single month and I want to teach you how to do the same thing! It’s all part of living the Pearl Life!

Why would you want to do that? Well I guess you wouldn’t be interested in learning this life changing mom strategy if you don’t want to save thousands of dollars each year…

Oh you do!? I kinda thought you might be interested to see what our monthly grocery budget strategy looks like. How about I share some real life numbers with ya?

What would your monthly grocery budget look like if you spent it all in one day? Creating a monthly grocery budget strategy SAVES YOU THOUSANDS OF DOLLARS each year because you will be eliminating unplanned trips to the store to pay full price which also eliminates impulse purchases at check out! Continue Reading →