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Must Do Things When Managing Money
Are you just busy? You know your finances are important but it feels like just one more thing to do…
When you’re juggling your household, your business the finances within both something has to give, right!?
Let’s talk through the must do things when you’re managing your money.
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Resources:
Workshop to 817-969-4653
Waitlist Cashflow Unlocked Workshop – Click Here To Register
Check Out YNAB: https://aimeecerka.com/ynab
Check Out Quickbooks: https://aimeecerka.com/quickbooks
Work With Aimee: https://workwithaimee.com
Instagram: https://instagram.com/aimeecerka
Podcast Key Points
0:00 – Episode Overview
1:40 – Prioritizing Your Money
3:18 – Outsourcing Your Money
3:30 – Sponsorship Cashflow Unlocked Workshop
6:11 – Must Have With Expenses
6:33 – Income Must Have
6:56 – Double Checking Work / Reconciliation
8:41 – Scalable System
9:56 – Taking Action With Your Money
Frustrated that you aren’t making the progress that you should within your finances? Create an unshakable money mindset with the Money Mindset Mastery Checklist
The Importance of Prioritizing Your Finances
Are you just busy? You know that your finances are important, but it feels like it’s just one more thing to do. It’s important but when you’re juggling your household, your businesses the finance within both of those, something has to give right? Let’s talk through the must do’s when it comes to managing your money.
Welcome to the Your Money Your Life podcast. I’m your host Aimee Cerka. After over 10 years in the personal finance industry and multiple personal financial and medical crisis, I was fed up with the lies that are being shouted from the rooftops by the Guru’s and the media. So now I help you, the ambitious woman step into unstoppable finances.
When you step into unstoppable finances, you create financial abundance that aligns with your personal values and goals, without working 80-hours plus work weeks, without pinching pennies, without worrying how you’ll handle the next curveball life throws your way. And it’s simple to the point kind of way, being married, having four kids at home homeschooling, being a CEO running the household, I’m kind of busy. And I know that you are too.
So here, we get straight to the point. If you’re ready to eliminate fear, stress, struggle, frustration and guilt, from your finances, and all the areas they affect. You’re in the right place. Welcome. I’m so glad you’re here!
Three Must-Dos for Effective Money Management
Welcome back to the Your Money, Your life podcast, we are talking today about must things to do when it comes to managing your money. We know that they’re both important. So, what do you do?
I’ve got a couple things here. But first and foremost, we have to talk about the fact that we have to prioritize our money. You know that I’m very passionate about this, right? But we have to prioritize taking care of our money, you cannot ignore it.
And like, in fact, in my notes here, the first two things I wrote, like we have to prioritize our money and we can’t ignore it. By ignoring your money, you’re not getting ahead. This is not something that you can push off to the side you might get by. But it’s costing you time and money by ignoring the money problem.
Building Confidence Through Financial Education
When you figure out the finances, when you take that fear out of the finances, when you take care of those must dues. When it comes to managing your money. The work that you’re doing goes that much farther, you’re happier, you’re healthier, you’re more effective, you make more money, and I will talk about this for forever. Because it’s so important.
And I want you to get this I want you to know that it’s not just a nice to do or something that we have to take care of come tax time. Like this is an income generating activity in your business. And in your personal life. Like if you want to achieve your financial goals, you have to look at this as an income generating activity.
This is very key. But you don’t have to do it yourself, you can outsource it. And this is actually something that we are going to be talking more and more about.
Join the Cashflow Unlocked Workshop
Hey, I wanted to jump in real quick and tell you about the Cashflow Unlocked Workshop. If you’re tired of being scared of tax time and want to finally hit those income goals without sacrificing relationships in time with your family. Even if you just don’t have the time for one more thing. This free workshop is probably going to be just for you.
Inside Cashflow Unlocked, I’ll give you the five essential keys to increasing your cashflow so that you can make more money, understanding your numbers and gain financial control and confidence, again without adding a ton to your plate because you just don’t have the time, right? This isn’t just one of those classes where you get part of the information and zero help. I’m calling it a workshop for a reason.
Yes, we’ll go over those five essential keys. But then we’ll walk first steps you need to take together so that you aren’t left in information overwhelm. The event will start on April 18. But right now, all you need to do is to get on the waitlist, just text me cashflow to 817-969-4653. I’ll let you know as soon as you can register absolutely free.
And there’s the link in the show notes. If you click that, it’s going to take care of all that for you and puts the text in there. Types of my number all that stuff. All you have to do is hit send. Again that link is in the show notes. Keep it simple, hit the link be on the waitlist. Now back to the episode.
Okay, so you’ve heard now that the Cashflow Unlocked Workshop is coming, and we’re going to talk a lot about that around that timeframe, I’m working on something really special, it’s going to be available then really helping you to be able to outsource this.
I really, I’m excited about it. This is something that has been on my heart that I’ve wanted to do for probably over two years now. But working on being able to actually make this happen. And then the logistics behind it. That’s part but like I had to take care of and that’s being finished up now.
So, I get to tell you about this really exciting project here in April. But you can’t outsource it, just know that it does not have to take all of your time you can have somebody else completely handle it. But at a minimum, these are your must dues.
How to Make Money Management Simple and Effective
Okay, you must have a system for tracking expenses. And I’m talking to you, business owner, you have to have a personal system in a business system. And they really need to be separate, mine like coincide and they have parts that overlap. But they’re two separate systems.
We talk about this within the month in like they’re two separate things that have to be checked. Okay, system for checking expenses, you need a system for checking your income, you have to know how much income you brought into the household.
The Power of Reports in Financial Analysis
If you’re a W-2 employee, you need to know, gross and net. So, you can see how much money you’re losing, which is also why you should have a business at a bare minimum for the tax deductions. But that’s like a home of the day, we’ll get to that.
So, this is a first part of an exciting series that I’m working on. Okay. So, your three must dues, you must have the system for tracking expenses, you must have a system for tracking your income. And then number three, is we have to double check your work. These are your must dues.
Okay, it is not enough to set up an account with YNAB. You know, I love YNAB you need a budget, that’s personal. And it’s not enough just to set up your bank import within QuickBooks and call it quits. Okay, like you have to be able to do more of this, you have to, again, double check the data, you have to do stuff with the data. And we’re going to talk about that more over the next six weeks or so as we get closer to the Cashflow Unlocked Workshop. And it’s just, it’s going to be awesome, I’m so excited.
But that part is key, it’s not just enough to set up the bank import, it’s not just enough to reconcile, which is the next part of the double checking your work is reconciling, okay. So, it’s not enough to do both of those, there is a third layer to it.
Okay, we have to import in the main transactions. I feel is the easiest way, but you have to import the transaction somehow. So that helps your system for tracking your expenses, also helps with your system for tracking income. But those are not enough, and then we reconcile the next step. But that’s really not enough, we have to go that next step further. And that is really the getting down to the numbers.
Building Financial Confidence through Data Analysis
Reports looking at our numbers, that’s where that control in that confidence comes in with your finances. And we’re gonna get into like how to do that, there’s gonna be a really cool bonus setup with the Cashflow Unlocked Workshop as well. That’s gonna help like take care of that for you.
But those are the three key things that you must do. And when you’re doing those things with your money management system, hopefully you have a system to do that. Really like system and then outsource, that’s the sweet spot. Because you have the systems where doesn’t take a lot of work, so you’re not having to pay as much to outsource.
Like I know people that charge $1,000 a month to do some of this stuff. But if you have the system, it doesn’t take that much time. So, then you have a lower expense for the outsourcing. You see like it’s a win-win there.
Scaling Your Financial System for Growth
Okay. There are four things that I want you to make sure that your system is doing just kind of like as a bonus, okay. You have to be able to scale your system because I know that you are a rock star you’re working on increasing your income. So as your income grows, this system needs to scale with you, okay?
It has to be sustainable. It has to work; it does not need to be again this time intensive thing because it has to work when life happens because we know it will. You have to enjoy it. Which is also the key here with this system so it doesn’t take a lot of time and then you can outsource it if this is something that’s just like pulling teeth, okay. You have to enjoy it.
Stop Avoiding Your Finances
But the fourth thing and most important which brings us back to what we were talking about in the beginning, You have to stop avoiding it. We have to take care of our money. We can’t just do this come tax season, which, ironically enough, that’s why I talk about this around this time because I get so many questions about like, how I didn’t do anything with my taxes, and I’ve got to get it done now.
But we have to stop avoiding it. So please start prioritizing your money, check out the Cashflow Unlocked Workshop. Be on that VIP list so that you’re one of the first ones to know as soon as registration is available. Again, that link is going to be in the show notes for you just tap on it.
It’ll prompt you to send me the tax box. Okay, your challenge today, I want you to figure out which one of these things that you need to work on first, and then send me a message. Let me know which one you’re working on. I can’t wait to hear from you and be the cheerleader in your corner. I’m so excited for your success. And we’ll see you next week. Bye for now
Creating Your Unstoppable Finances
Thank you so much for listening to the Your Money Your Life podcast. Wondering what’s next? When you’re ready, there are different levels of support that you can use on the path to creating unstoppable finances and your unstoppable life. After all, your finances are unique and your support should be to. Ultimately, we’ll create a customized plan to ditch financial struggle for good that works for you. Your goals, your priorities, your life. Go to https://workwithaimee.com to get started with one of our most popular programs, or you can book a q&a call with me, and we’ll figure out what your next step should be.
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