5 Day Budget Makeover Series Transcription – Day 3 – Future You

Alright, welcome back to the next lesson. Let’s keep rocking and rolling. I know that at this point I usually start to get messages from you saying “When the heck are we going to put the budget together?” Have you started to think that? If you have, it’s totally fine. That’s normal, because I bet that when you have budgeted in the past, you have not taken the time to find the facts, figure out your needs and wants, or do this next step that we’re going to do. But I promise you that we are going to get to the budget and these are the things that are going to make a difference this time. Doing this work is what’s going to have your budget stick this time and why you’re going to achieve your goals with it. Sound good? Are you still on board? I hope you’re excited to see how this all comes together over the next couple of days. Alright. The next lesson we are talking about a concept that I refer to as “future you.” Inside of the pretty money club, my members hear me saying all the time “future you needs money too.” So we are going to plan for “future you.” What do I mean by “future you?” I mean all the things that have thrown your budget off in the past and all the things that you probably haven’t been thinking about when budgeting in the past. So here’s what I mean. I am told every day that budgets don’t work, or that the budget didn’t work for whoever I was talking to because of unexpected expenses. And I say “Oh! Really? What was the unexpected expense?” and they say “Car maintenance. I had no idea that my car was going to need a brake job!” Then I ask them… “Well, do you know that you drive a car?” and they say “Yes.” and I say, “Do you know that cars need maintenance on a regular and irregular schedule?” and they say “Yes.” and that’s when I tell them that is actually an EXPECTED unexpected expense. It is absolutely 100 percent expected that our car is going to need maintenance. It is absolutely 100 percent expected that our house is going to need maintenance. It is 100 percent expected that our kids are going to need clothing, go on field trips, and have registration fees for activities and sports come up. Those are not unexpected events. What is unexpected sometimes is the schedule, but not the fact that this expense is going to come up. So inside the concept of future you, we are also going to be talking about the expected unexpected’s. In this budget, I want you to have a future you category. But before we go there, we are just going to start by listing those future you categories. So here are some ideas for you, and fill some in that are important to you in making your life work. Things like house maintenance and car maintenance, kids activities, healthcare, Christmas and birthdays. All of these things that come up on an annual or semi annual basis are for future you. What about goals? Goals are going to be achieved by who? Future you! So this is where the goals are going to come in. We are going to list goals like vacation, kids education, new car, renovations… whatever it is for you, list down all the things that future you is going to need, like car maintenance, as well as the things that are really near and dear to your heart and important to you of the things that you want. I will be providing some examples. I will be providing some tips on how to do this within the worksheets and I want you to take the time to list out all of those things for future you. Talk to you tomorrow! 

Future YOU needs money too!

Lindsay Plumb, Founder of the Pretty Money Club