Should we talk about a guaranteed basic income program?

The concept of a guaranteed basic income (or better known as Universal Basic Income, UBI) is simple: figure out how much money a family needs for essentials, and if the household income is not enough, top it up. But putting this idea into practice hasn’t been so easy.

Many experts believe that a UBI would be significantly beneficial. The Government of Spain is considering moving to a permanent basic income as a result of the COVID-19 pandemic. UBI programs have been discussed and piloted all around the world (including here in Canada) for years…. to no avail. There are a lot of concerns as to how a program like this could work… or if it even should be considered.

I’m neutral in the debate on universal/guaranteed income, but I got curious. I asked my Canadian money group “Black is the New Red” (with 7000+ members) what they thought of introducing a UBI in Canada, to hear directly from the mouths of the people. I also dug up some opinions from the experts, with points on both sides of the discussion. I found three main themes came up in discussion:

1. More Equality & Empowerment for Woman?

“It seems it would be especially good for women. I think of how it’s still mainly women who comprise the ‘sandwich’ generation of looking after both kids and parents. With UBI they would be compensated and have more independence.”

“If we could afford to take time off or just work part time until our kids started school, I think that would be really beneficial for both the children and the parents.”

– Members of Black is the New Red

There was a lot of thoughtful conversation about how women carry the brunt of the responsibility for care-giving, whether it be for children or elderly/ill family members… even if they are also employed. Many suggested that a universal basic income could alleviate women from being overworked as they balance employment, care-giving, and household responsibilities. Many woman would like to stay home (even part-time) with their child until they are school-age, but cannot because they simply cannot afford to. Alternatively, some women would prefer the opportunity to work and are crippled by the high cost of childcare.

What the experts say:

“Women are more likely to take on roles caring for the elderly and children — both career paths that typically pay poorly. If we believe that care for our aging population and for the next generation are central to a healthy society, then we should also promote and enable care work. UBI, it is hoped, would give workers the ability to dedicate more time to this important work. Moreover, under most welfare systems, the dependent of a rich-enough spouse is not eligible for cash benefits of their own. This has proved disastrous for those in abusive households with financial dependency. Once again, women have been historically more likely to find themselves excluded from existing safety nets. UBI would help remedy this problem.”

Juliana Bidadanure – Faculty Director, Stanford Basic Income Lab and Assistant Professor in Philosophy, Stanford University
*read Juliana’s report here

“The implementation of a basic income would be gender-neutral and so, in theory, fathers and mothers would have the same support. In practice, however, and especially given the likely low level of basic income, this policy might have the (unintended) consequence of encouraging a return to the breadwinner model of parenting, with one parent better able to stay at home, but another parent still needing to remain firmly attached to the labour market.”

Alison Koslowski – Professor of Social Policy and Research Methods at the School of Social and Political
Science, University of Edinburgh.
Ann-Zofie Duvander – is Professor of Demography at the Department of Sociology at Stockholm
University and one of the coordinators of the International Network on Leave Policies and Research.
*read the paper here

“Combined with an adequate child benefit, a basic guaranteed income would at long last make freedom from domestic abuse and exploitation truly possible for victimized women and their children.”

Josephine Gray – Canadian Women’s Studies
*read the article here

2. HOW would it be possible to pay for this? Would it come out of my pocket?

“If this money is more money I’ll be taxed, then that makes things harder for me. Things are already hard enough.”

“I would gladly pay more taxes if it meant a more equal life for everyone. Less domestic violence and poverty = less spent on law enforcement. Less mental health issues = less spent on extended health care. An ounce of prevention is worth a pound of cure.”

“Get rid of all the other benefits. No more child tax, no more GST. Tax rates will be a lot more affordable than people think. Plus the savings on administration for one program instead of many would be substantial too.”

– Members of Black is the New Red

How a Universal Basic Income would be paid for is a big concern for a lot of people. Many of the members believe that the expense will come right out of their wallets in the form of taxes, and others believe there will be alternate ways to find funding. Many of the members were totally okay with paying higher taxes, and others were NOT okay with this idea at all.

What the experts say:
Experts have proposed a variety of ways to pay for a program including:
– Carbon tax
– Revenue from natural resources
– Wealth tax on the highest income earners
– Tax on luxury goods
– Taxing companies that choose to rely heavily on automation (rather than human jobs)

Others insist that many existing programs would become redundant with UBI, and thus the funding from those programs could be repurposed.

3. Would people be lazier and just choose not to work, even if they could?

“It’s amazing how many people expect things for free. Why because you don’t want to work the government should support you? The sense of entitlement is unreal! If people lived within their means and worked hard society would be much better off. Free handouts does nothing but make people spoiled and entitled.”

“Scientists did a study on termites…because they build very intricate structures. These scientists put tiny little cameras on the termites and what they found was that there are some very gifted termites, some creative termites, some hard working termites, and some “lazy” termites who lay around watching everyone else do the work. Sound familiar? In society we take care of everyone and find what people need to be motivated…then we are all more successful. Cooperation will always surpass competition.”

“Poverty is expensive. When people live in poverty they are more likely to cycle through the ER, to require expensive medical procedures, and to require assistance from the police. When people are in poverty all of their brain power is taken up by meeting their basic needs: how will I eat today? are me and my children safe today? When someone’s brain power is taken up struggling to meet their basic needs, they have no capacity left to work on bettering themselves in ways that might allow them to get a well paying job. This is why it is shortsighted to expect people to “pull themselves up by their bootstraps”. The cycle of poverty is vicious, and it is extremely expensive. If everyone had enough money to not need to worry about their basic needs it frees up brain space to break the cycle. “

” Socialism is great until the people paying for it run out of money.”

– Members of Black is the New Red

Many of our members believe that providing a guaranteed basic income will simply allow people to stay home and play video games all day rather than work, whereas many others believe that providing for basic needs will ensure better mental health and strive to find motivation and passion. It seems this particular point is very divided.

What the experts say:

“Despite popular belief, the evidence shows that the poor do not waste resources. In fact, giving cash to those most in need seems to be an efficient way to improve their prospects and welfare. With cash in hand, individuals can fulfill their most pressing needs and pursue their unique goals. And while some individuals use cash to retrain, others buy livestock or a car, putting themselves and their families in a better position to face economic adversity.”

Juliana Bidadanure – Faculty Director, Stanford Basic Income Lab and Assistant Professor in Philosophy, Stanford University
*read Juliana’s report here

“Not everyone has a passion, and not everyone is equally talented. This is a simple fact of life. Not everyone can be an entrepreneur or an artist. Our economies need construction workers, welders, plumbers, electricians, nurses, firemen, policemen, janitors, waiters. Some people go into some of these jobs with passion, others because it pays the bills—and these jobs need to be done. UBI would send exactly that wrong-headed message, reducing people’s incentive to work. And it would get worse. Our concept of a dignified life is relative. Getting by on my guaranteed basic income, I will look at my richer, working peers and feel that my lifestyle is not quite dignified. So I will lobby politicians for an increase in UBI. As UBI rises, even fewer people will work; those who still work will have to be taxed more, and so even fewer people will work, and… If you doubt these arguments, consider that advanced economies are already littered with young people with college degrees no employer considers useful—while ancient Greek literature may be a passion, it does not guarantee a job and a living wage.”

Marco Annunziata – PHD in Economics from Princeton University
*read his article here

“One should always be wary of simple solutions to complex problems, and universal basic income is no exception. “

Daron Acemoglu, Professor of Economics at MIT
*read the article here

I couldn’t possibly cover all points of this very controversial discussion, and I am not an expert in politics or economics, but I do think that these types of discussions are important to have and these ideas are important to explore.

What I can say is that I have seen the benefit of families creating a financial plan for their day to day expenses, future plans, and dreams. I also know how important it is to have basic needs met and money set aside for self care, hobbies, interests, and experiences beyond that which we need just to survive. If my dreams came true, everyone would feel empowered, secure, and in control of their finances and their future. I know that I’ve found my place in the world when even amidst a global pandemic, the amazing students in my Pretty Money Course are calm, confident, and unafraid for their future. This is my motivation to get up and make a difference.
~Lindsay Plumb

COVID-19 : What do we do with FEAR?

When we are scared, we usually fall into one of two camps… we curl up in a ball, put the pillow over our head, and hope it all goes away. Or we feel compelled to DO something to make it all okay. The thing is, neither side can fix the world. The pandemic cannot be ignored, no matter what you believe to be true about it. And you can’t just “fix it” and put everything back to normal; there are way too many things outside of your control.

How can we as a society get through this? Panicking solves NOTHING. Sensationalizing views on the pandemic solves nothing. Fear is very real and very present right now. We have got to support each other and show grace and love to others and ourselves. The best way that you can do this now is to scale back and prioritize your immediate family and closest friends. Stay connected, figure out ways to manage stress, preserve your relationships, and make a very basic plan for life over the next 6 months. Unless you are a professional that has support to offer your community, don’t worry about what the Jones’s are doing. We are stronger when we are tightly knit.

Seems simple, right? Maybe not so much. This pandemic has caused a huge shift in lifestyle and routine, which stresses most people out. Working parents had a tough job before, but NOW many of you are at home trying to juggle doing your job virtually, homeschooling, stopping the kids from fighting, having your personal space invaded constantly, and figuring out how to do all of this on half your usual income. Single people may be at home by themselves a lot more than usual, battling boredom and loneliness. This is not easy.

To combat fear, we have to focus the majority of our energy on the NOW. What’s right in front of us? What are we going to do with TODAY? How can we contribute positively to our lives and those immediately around us TODAY? What do you need most right NOW? We, as a culture, suck at living in the moment. The MAJORITY of the time, we are thinking about the past or the future, not the present moment. When you get up in the morning, have a conversation about what your day is going to look like. What do you each want to accomplish for the day? Wherever possible, include OUTSIDE time; even just a short walk around the neighborhood. Monitor your screen time and notice how it affects your mood. An hour may leave you feeling refreshed because you’re getting some zone-out time, but 3 hours of intermittent mindless scrolling might creep negative energy into your day.

How do you plan your life for the next 6 months while keeping most of your focus on the immediate moment? K.I.S.S – Keep it simple, sweetheart. Spend 15-20 minutes discussing each of these important topics:

  • How are we going to stay connected to the people we love most? When? How?
  • How are we going to manage our time in respect to responsibilities like work, homeschooling, cooking, and cleaning? Who is going to do what? When? How?
  • What are we going to do when someone in the family gets overwhelmed? Do we have safe time-out zones? Do we each have coping methods for intense emotions?
  • Who can we reach out to for support in each of these areas of life: Family communication, health, work, school, finances, activities and hobbies.
  • What does our budget look like? How has our income changed? Are we meeting all our essential needs? Can we cut back wants to contribute to an emergency fund? Should we defer some of our bills? What funding do we qualify for?

Build a small, mighty network of people who are wise and able to support you and your family in these areas of your life. If you have questions about your finances during this COVID-19 pandemic, I am here for you. I’m not here to sell you anything. I’m here to offer you real-life practical solutions to ease the stress of navigating changes in your finances. I’ve got free resources for you. I’m hosting live webinars to answer your questions. What’s in it for me? Knowing that I can make a difference in your life, empower you, and ease the stress.

Check out my COVID-19 Financial First Aid Kit here.

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10 things to do on your family STAYCATION this Spring Break!

Are you sticking around for Spring Break this year? The number of people that go into debt for vacations is insane. You do NOT have to go somewhere exotic or drop hundreds of dollars for a few hours getting your feet rubbed at the spa to have a memorable spring break vacay. You can go the budget-friendly staycation route—living the good life close to home.

The key is making a plan. Decide what activities you’re gonna tackle BEFORE spring break sneaks up on you, so that you can tally up the total cost and adjust your plans if need be. Don’t forget to budget for:

  • Transportation
  • Entrance Fees
  • Meals
  • Activity Equipment
  • Time off work

There really is an endless list of activities that you could do with your family to keep entertained for the entire spring break, but here are 10 ideas:

Bring a picnic and play some games

You don’t have to be sporty to enjoy some active time, either. Pack up some home-made food, portable music, and bring a fun activity like Spikeball, Bean bag toss, or Croquet. See if you can borrow a lawn game from the endless number of people on your Facebook page instead of buying a new one.
*If you’re local to me, you can head down to Tulista Park near Sidney with a volleyball and play on their beach court (which is also right next to a skateboard park, the beach, and a community arts centre…hello!)

Do something artsy

Even if you can’t draw a straight line with a ruler, you can get creative. If you’ve never done a Paint Nite, give it a go this spring break. You probably don’t even have to buy tickets to an actual Paint Nite – chances are, you KNOW someone that could lead your family through a guided painting! You could check out the splatter room at 4 Cats art studio, take a pottery class, or go to a local gallery. Google a DIY craft and stock up on a few supplies to have some fun at your dining table if you’d rather stay in!
*Victoria BC locals, check out the ART BATTLE at the Victoria Event Centre!

Do something physical

Drop in to a rec center that you haven’t been to before. You could skate, swim, partake in family sports and activities… whatever they offer! Or try something that you haven’t before… like a climbing wall, trampoline park, or laser tag. Whatever it is, get your bodies moving! See if you can take advantage of a day pass, punch card, or weekly pass to maximize your $.

Go on a bakery adventure

Drive into town somewhere and park the car. Then get out and wander around until you find a bakery. Buy one treat at that stop and share it. The goal is to find new places to treat without using google maps and get some steps in while you search! You can vote for your favourite after you’ve decided you’ve had enough walking, or enough sugar!

Experience Luxury… at home

Kids… you’re going to Gramma’s for the day, because Mom and Dad are booking in some R&R. The key here is to get in some relaxation time together. Put some candles around the tub and dim the lights. Give each other a massage. Jump in the shower together. Paint your toenails, trim your beard. Order skip the dishes from a fancy restaurant and eat it at your dining table in your house robe. Snuggle and read to each other, or rent a movie. Put the phone away and ignore the clocks, because it’s time for you.
*If you’re local to me and have never been to the Oak Bay Beach Hotel, it’s a real luxury treat! If you book for a treatment, you are allowed to spend 4 hours in their heated outdoor pool and hot tubs right on the ocean. If you’re going to spend $$$ on a spa treatment, get your money’s worth by choosing a place that has a grotto or mineral pool, like this one, so that your dollar per hour goes way further.

Host a board game night

Invite some friends over and play some board games. There are some seriously fun ones out there! Play a game that includes the kids, have a BBQ, put on a movie for the littles, and bust out the games for the grown-ups. Try “Speak Out” with the kids – it’s hilarious. A list of my must-have games includes Codenames, Guestures, BANG, Ticket to Ride, Cranium, Sequence (they have a kids version too) and Settlers of Catan. Check out your local thrift stores to buy a pre-owned game (I literally just bought three for five bucks) or ask your friends to bring their fav board game over.

Have a pancake competition

If you’ve got some lazy mornings available to you, make the most of them by infusing a little friendly competition. Make a breakfast buffet and see who makes the better pancakes. The kids can be the judges!

Go on an adventure

Go hiking, biking, or kayaking. Just get outside. Make a scavenger hunt out of it and ask the kids to find you the smallest leaf, or the biggest rock. Go somewhere you haven’t been before. Go geo-caching or play POKEMON GO. (Graham and the boys have been battling geodudes all over the place lately)

If the weather just ain’t right outside, check out a local attraction.
*If you’re local to Victoria, check out this list!


Whether you score an awesome spot at a campground, or you pitch your tent in your backyard, camping creates memories. Get some sparklers or glow sticks, ingredients for smores or banana boats, and get your propane fire pit ready for fun!

Find some animals

See what attractions your local farms have; chances are there will be a market or farm tour available. You could also check out a petting zoo or the actual zoo.Book a trail ride on horseback, or go on a horse carriage tour. Check out the local bee farm (some of them have honey tasting bars, yum!)
*If you’re local to Victoria, we are lucky to have the bug zoo, butterfly gardens, Shaw ocean discovery center, beacon hill petting zoo, and urban bee farm!

Happy budgeting for your stay-cation this spring break!
~Lindsay Plumb

11 Ways to talk about MONEY with your partner.

Download my free list “7 tips for having SUCCESSFUL money chats with your partner”

Marriage can be full of joy and fulfillment, but it definitely ain’t a walk in the park. Anyone who has been married any amount of time can tell you it’s NOT always easy.

And what about money management? Same story. It’s not easy. You can even have all the steps laid out in front of you… and it’s still tricky! In the Pretty Money Club, we do an 8 week course to gain the knowledge, but then continue to meet regularly for refreshers, community, and accountability. It’s absolutely necessary!

Put marriage and money together, and you are definitely not going to get rainbows and sunshine all of your days. (I’d be shocked if this is a bubble-burster for you. I’m guessing you already know this.)

I’ve chatted with thousands of women about their finances by now and I know one thing to be true: If we hope to overcome money problems and money fights in our marriage, we have to be intentional. We gotta purposely set aside time for money talks. We have to make appointments with our partners to communicate. And we need to learn to communicate WELL.

The Reality of Money Problems for Couples Today

Money magazine found that 70% of married couples argue about money—and money fights happen more often than fights about household chores, spending time together, sex, and snoring! Money is the 2nd leading cause of divorce, which just shows how serious and hard putting relationships and money together really is. We need to take this very seriously… (seriously doesn’t mean boring though, for the record. I’ve never heard the Pretty Money Club described as boring.)

What if money IS a problem in my relationship?

The answer is pretty simple. To overcome financial conflict in your relationship, you have to get on the same page as your partner. Of course this is easier said than done, but putting in the effort and work will be worth it.

The good news is that you don’t have to have the same beliefs about money to make it work.

In fact, your unique perspective regarding money is actually a strength you each bring to the table. I’ve worked with tons of woman that are self-declared “spenders” while their spouses are “the savers,” and vice-versa. Relationships can have a partner that is introverted and one that is extroverted, one that loves gardening and one that is allergic to grass. We are different people and that’s okay!

You’ve got to be able to have open conversation where you can appreciate your partner’s perspective and where their opinion may be coming from. If you can learn to appreciate your own emotional perspective of money and really hear your partner’s invested emotional interest, you can become more unified as a team.

If your money conversations always go sideways, try this:

  1. Plan a time. You need space for this conversation that will not be interrupted by your life. It should be a time where jobs, kids, and other distractions are unlikely. Distractions will kill this conversation quickly. If you walk into this process dreading it, it’s going to feel dreadful, so try to make it feel a little more upbeat by combining it with a budget friendly date.
  2. Show up for these chats prepared with a list. Write down some things together that you want to talk about. If it’s a topic that is really touchy, just keep it to that one item and have some open-ended questions ready to ask each other. If it gets emotional, take a break immediately and start with a different topic (from this list) when you’re calm enough.
  3. Share your money stories. How your family treated money when you were growing up has shaped how you think and feel about it today. The same goes for your partner. By talking about your history, you understand each other more. And that understanding can go a long way. A major part of staying together is communicating shared values and honoring them. So while your partner might prefer to shop at the whole foods market and you love the discount grocers, you both value healthy living and nutritious meals. So how can you meet in the middle spending-wise while still eating well?
  4. Share your financial fears. Fear makes us do crazy things—like hide purchases or get a secret credit card. Fears boil down to a few common words: power, respect, security, and dreams. Look for the underlying truth. Some truths could look like this:
    “I feel like I have no influence over how our money is allocated.” (A lack of control = power)
    “I don’t know what I’m doing with money.” (feeling inferior or ill equipped = power)
    “I’m afraid something bad will happen and we won’t be able to afford it.” (Security)
    “I’ll never be able to do XYZ because we can’t afford it” (Feeling like a dream is unattainable)
    “You never listen to me.” (Feeling disrespected.)
  5. Do a budget together. You need a budget plan that you both agree on. If you don’t have a budget plan that is written down, you’re both just going to be guessing. If you feel like you have to hide your purchases to avoid conflict, then your budget plan needs to include an agreed upon equal spending allowance for each of you. Then you can buy your latte’s without judgement and stop nitpicking your partner for impulse buying that new toy. Having a LIFESTYLE BUDGET is a key part of my budget plan.
  6. Don’t keep money secrets. Many of the stories I hear about arguments stem from one partner keeping purchases hidden from another. When you try to hide your spending, your spouse feels like they can’t trust you, and you can’t build a strong marriage without trust.
  7. Dream for YOU. Make a list of your own personal goals that you want to accomplish, even the ones that don’t seem like they have anything to do with money. It will cost money or time to actually make dreams happen… and time can cost you money!
  8. Dream together. Then think about the goals you want to accomplish as a couple by combining your individual goals. Talk about your long-term goals, like vacation and retirement. When you’re working together toward common money goals, you have a shared vision and shared dreams. Dreaming about the future with the one you want to share it with can deepen your relationship. Prioritizing your goals together can make it easier to decide which ones to focus on first. It also makes compromising a lot easier because you can choose what is most important to you and what you are willing to give up in order to have it. As you work through deciding which financial goals you want to focus on, take some time to FIND THE FACTS about how much those goals are going to cost. It’s really easy to get carried away with goals and underestimate how much money or time it will take the accomplish them. Remember, we don’t use UNICORN BUDGETS.
  9. Listen to your partner. I know, you’ve heard that before. But how many times do you really listen? Most of us (including me) are guilty of listening only to think up a response. And then we interrupt with our ideas and viewpoints and criticisms. Make this a rule: When your spouse is talking, you’re only allowed to ask questions. You can’t offer your thoughts until they ask or until they’re done sharing. It’ll change the conversation, I promise. If this is challenging (which is often is) then use a “speaking pillow.” Only the one holding the pillow is allowed to speak.
  10. Forgive your partner. We’ve all made money mistakes. And we’re all going to make more money mistakes in the future. The way we handle those mistakes—ideally with grace and without enabling—dictates how comfortably we can talk about money in the future. Make a plan for this too. Tell your partner what you would like for them to do if you make a mistake, and ask them what they expect of you.
  11. Have money chats regularly. Seriously, don’t wrap up your conversation without scheduling another. You have to be doing this regularly, because you have to be revisiting your budget any time your income changes or your goals shift. Deciding which goals you want to prioritize as a couple and fitting them into your budget is just the beginning. As time goes on, you might want to add new goals in or you might find that one or both of you don’t actually want the things that you thought you wanted when you initially set your financial goals. That’s okay. People change and goals change too.

Remember to download my 7 tips for having SUCCESSFUL Money chats with your partner. You can bring it to your next chat!

Attitude, Gratitude, and Money Mood.

There are scientifically proven benefits to being someone that practices gratitude.

  • Grateful people have better relationships
  • Grateful people have improved physical health
  • Grateful people have improved mental health
  • Grateful people are more empathetic and less aggressive
  • Grateful people sleep better
  • Grateful people have higher self esteem
  • Grateful people have better mental stamina

We know that gratitude will change YOU as a person, but did you know that intentionally focusing on shifting to a grateful mindset will change A LOT about your money too?

  • The way you save it
  • The way you spend it
  • The way you feel about it
  • How much you earn
  • How successful you are

How exactly does being grateful change your money?

Gratitude gives you patience with money.

Gratitude can combat a tendency toward instant gratification. People who practice gratitude are more likely to feel positive about their current situation or what they currently have, meaning that they are less likely to give into instant gratification or overspending. They are more likely to wait for a good deal and less likely to be mesmerized by the shiny new object. They don’t “HAVE TO HAVE IT.” Gratitude makes you good at identifying the “NEEDS vs WANTS.”

If you get beyond the need for instant gratification, you’re going to reach for that credit card less, which means you are saving on the compounding interest payment you’d be making month to month. Not only are you saving on the item itself, you’re saving on the later effects of “needing” that item now. Gratitude for the win.

“My whole approach to finances has changed since starting my gratitude journal. I’m more careful about my spending and put more of my paycheck into Future Me savings. When I was job-hunting, I had a financial cushion that empowered me to hold out for a new position that I really loved AND had better long-term earning potential, rather than simply accepting the first offer I got. I wouldn’t have had that patience before.”

Grateful Journaler

Gratitude Beats Materialism

Imagine being a person that smiles and feels truly thankful for something simple like getting a good parking spot when it’s raining out. That feeling of bliss is very real and for some people it does come as easily as this, but it takes practice. A person who can smile and be thankful for the little things in life is far less likely to feel they need the latest model iPhone, or third pair of cute shoes. Buying something new may give you a quick feeling of short-lived excitement, but it dies away as you begin take the item for granted. Grateful people are more likely to spend money on experiences that connect them with long-lasting memories and people.

Gratitude Promotes Generosity

Gratitude also promotes generosity… but wait, how can giving your money away tie into better finances?

When you make giving to charity a priority, you’re forced to re-evaluate your finances so that you can meet your objectives. It means you are more likely to pay closer attention to your spending, and track it better. You’re also more likely to reduce your own expenses to make room for more generosity.

Plus, when you give, you have the chance to get a bit of a tax break. If you’re a business owner, giving can help raise your profile in your community and encourage goodwill toward your business. That’s not a bad thing when you want to attract more customers.

I’m a people-pleaser by nature, which unfortunately has led me to make bad business choices even though they didn’t feel right. I started meditating and focusing on how grateful I was for things that did go well. Growing this respect for my accomplishments through gratitude helped me become more confident in my decisions and now I trust myself. My business is doing better than it ever has in such a short time.

Grateful Entrepeneur

Gratitude can Advance your Career

Grateful people are more likable, make better managers, and are more focused and productive. Gratitude raises optimism and self esteem, which leads to higher confidence. All these qualities translate to higher income potential, which grateful people are likely to use for cultivating even more gratitude in the world.

“Great, but how do I become grateful?”

Keep a gratitude journal

By writing down a few items every day that you are thankful for, you may eventually become more attuned to all the tiny good things in your life. For example, maybe it’s that first sip of coffee in the morning, the bus that came on time, or the stranger who smiled at you.


There’s nothing like helping others in need to remind us to feel grateful for what we have. Sometimes it’s all about perspective and when you see life through another persons’s eyes, you can see your own life more clearly.

Be Grateful for the Joneses; Don’t Envy Them.

Comparing our real lives (which are messy and crazy) to the curated “highlight reels” that others populate their social-media feeds with can leave us feeling dissatisfied instead of grateful. Sometimes a break from social media can help us focus on what’s good in our own lives. We all need a screen detox FREQUENTLY. It’s a societal crisis.

A simple Thank You.

When you make a point of acknowledging the contributions of others, you can’t help but feel grateful to have them around. You might find they reciprocate with their own thankfulness to you, which can only strengthen the feedback loop of gratitude. Try it. Write a card for someone. They’re GOING to smile.

How’s your Money Mindset? Take my Quiz to find out if you could use some Gratitude in your life.

Are you making the NUMBER ONE money mistake?!

This might be the NUMBER ONE mistake when it comes to money….Not planning for FUTURE YOU. In my day to day practice, I find that most people think about their budget within the NOW… what will they need this month? When it comes to debt, most people think in the PAST… where they spent their money to get the debt. The PAST and NOW are important… but the MOST important is FUTURE YOU. 

Who’s future you? That’s you next week. That’s you in 3 months when you gotta take the dog to the vet. That you in 6 months when the brakes go on your car. That’s YOU at your kid’s graduation. That’s YOU in retirement. Anything after today is “future you.”

If you, like many others, have a budget that is only concerned with this month, then when the brakes go on the car 6 months from now, you’re gonna be reaching for your credit card. This is where the hamster wheel comes in. We can’t seem to get ahead. We take one step forward and then two steps backward. Have you ever had these experiences? This is something that I hear every day…. “I  started on this budgeting journey but then ______ (fill in the blank) happened.”

Do you drive a car? If yes, then car maintenance is not an unexpected expense.

Do you own a home? If yes, then home maintenance is not an unexpected expense. (The water tank, the appliances, the roof, the windows, the tree in your yard…) 

Do you have kids? If yes, then new soccer cleats are not an unexpected expense. Neither are no-pay sick days. Or school trips. 

Just because you have not planned for expenses does not make them unexpected.

You absolutely know that those expenses are going to be coming…. you just may not know when they’re going to come. Planning for “future you” is absolutely key. Putting money aside for “future you” allows you to gain control over your money. 

If you have ever wondered where the money was going to come from, or if you found yourself reaching into an account that was not intended for a particular expense, you probably weren’t feeling  like you were in control of that spending choice. If you are somebody that is carrying debt right now it’s probably because when an expense came up, you hadn’t planned for it. You didn’t have the money for it and you needed to reach for the credit card. This is what is happening day in and day out with families and why we are having a hard time getting out of debt. 

So do this today: grab a pen and paper or use your phone and list your irregular and future expenses. Think of EVERYTHING that you MIGHT have to spend money on… back to school shopping, christmas, birthdays, property tax, vacations, retirement, kids education, time off work, medication, activities, field trips, home maintenance, car maintenance, weddings, date nights… 

Also put aside some extra money for an emergency fund. What if your property floods and you find out that home insurance doesn’t cover the perimeter drain? What if your kid is being a donkey outside and throws a rock through the neighbours window? What if you drop your phone in the toilet? (All these stories are true… by the way.)

If you do a complete list… you should have AT LEAST 20 things on it. You may have upwards of 30 or 40!

I’ve got a freebie for you to help you make sure that you don’t miss things on your list. It’s my list of DON’T FORGOT expenses. You’ll get access to this list, my free budgeting template, and more when you sign up for my free video series called “the 5 day budget makeover.” I’ll e-mail you the freebies and the videos I’ve created to help you create your FUTURE YOU budget! 


You need a goal… FAST.

If we want to achieve financial success we need to identify what financial success looks like for YOU. Financial success to me will look differently than what it looks like to you. Everyone reading this blog will have different versions of success. The best way to achieve ANY version of success is to have goals… but not just the kind that you dream about. You need tangible goals that are written down and that have a plan to achieve them. It’s nice to dream about that gorgeous island with the white sand and the sun shining all day, but if you don’t know how to get there, you won’t ever get to feel the sun on your skin. 

So tell me… what are YOUR goals? What do YOU want? 

When I am setting goals with my clients, I like to have them come up with one or two goals that they can achieve within ONE year. It can be really draining when our goals are always long term.  It’s important for us to see that our efforts are really working and it’s really easy to get discouraged if you don’t get a little thrill of success along the way. If you don’t have a goal that is short term, I want you to cut a bigger goal down. Here’s what I mean:

If you are saving to buy a house and you need $20,000 in three years, then you need to set a goal to accumulate $6666 in one year. I actually want you to save $7000 per year. I’ll tell you why in a sec. Break it down even further by putting that into a monthly goal. $20,000 in three years is $6666 per year, or $555.55 per month. Now, I bumped your goal up to $7000 annually, which is $583.33 monthly. Stay with me. You have to save $555.55 per month to achieve your three year goal for a down payment on a house. But I want you to put $583.33 into that account every month. I also recommend that you automate this transfer and make it as difficult as possible to withdraw the money (don’t put it in an account that has a debit card attached to it… make it so that you actually have to log into your bank to move the money.) Now, why did I ask you to deposit more than you need to achieve your goal? Because if the accomplishment of setting that money aside every month and visually seeing the number climb to achieve your goal isn’t enough… and you’re starting to feel discouraged… you can treat yourself. You have been putting just a little extra away ($27.78 monthly, to be exact) which can add up in a few months to a nice dinner out. Remember that if you do use this money for a morale booster to really think about your goal and congratulate yourself for working so hard to put that money aside. Use the extra treat money to realign your MINDSET with your goals. It’s a refreshing buffer. 

“It can be really draining when our goals are all long term. We need quick wins to FEEL like our efforts are actually getting us somewhere.”

Lindsay Plumb, Founder of the Pretty Money Club

I LOVE to hear about goals. It’s always fun to hear what excites and inspires somebody else to make changes in their lives. And by sharing, we can inspire somebody else. Could you be the person to ignite a spark in someone else’s life? I’d love if you would share your money goals with my Facebook group. 

And if you’re getting fired up thinking about your goals, but you’re not really sure how to start aligning your finances to achieve them, take my mindset quiz. When you get your score, I’ll give you the link to my free 10 day video series where I give you 10 practical things to do to make your next 10 years the BEST yet. It’s packed full of value… and FREE. It’s my gift to you… because I want to see EVERYONE on fire for their goals in life!!!

You Need a B WORD.


Woah there! Did you just CRINGE at the word “budget”? You, like many other people, may get a negative feeling even mentioning the big “B” word. I personally love it. I get EXCITED when I get to talk about budgeting. My day is MADE when someone tells me how my budget tips changed their life.  I’ve got a super simple task that you can do TODAY to start getting on top of your budget…. but first….

What IS a budget?

One of the reasons many people have a hard time budgeting is because they don’t actually know what a budget IS in the first place. Let’s cover that now. A budget is a plan. It is a road map for how you are going to spend your money. It is NOT an analysis of how you HAVE spent your money. A budget is looking FORWARDS. It is NOT looking backwards. It is finding the facts of how you have been spending your money only so that you can create a plan to modify your spending in the future. It is making sure that you have money set aside for FUTURE YOU. It is planning ahead for expenses, like new brakes on your car, a new hot water heater, or having someone come clean your gutters and mow your lawn. It is figuring out what your NEEDS are vs what your WANTS are. It is how you figure out how much money you have to spend on your LIFESTYLE, after covering all of your NEEDS. It is achieving your lifestyle goals, like a family vacation, by putting aside money every month to get them. It is checking in and adjusting your plan any time your financial situation changes, or you add a new goal to your life.

And my favourite way of budgeting is to make things as automated as possible… because you have better things to do than sit down and look at your statements to figure out where your money went every month. 

I break budgeting down into these easy steps:

  1. Find the facts
  2. Needs versus Wants 
  3. Future You
  4. Lifestyle
  5. Make it Stick

Today we are going to focus on step one. Finding the facts.

Now, one of the things that people do wrong when they budget is they look out the window and they see unicorns. Now, what do I mean by that? I mean they’re in a fantasy land. They’re not looking at reality and using the facts of their life and their expenses when they create the budget. What are the chances of you staying on track if your numbers are grabbed out of thin air? 

This step can be very time consuming if you have never done it before, or if you haven’t done it in awhile. You NEED a comprehensive list of your previous expenses that spans at least 3-4 months to capture all of the irregular expenses that come up. You don’t have to finish it today (unless you’re feeling super ambitious) but you do need to figure out how you are going to get this done in the future. Make an appointment in your calendar with yourself. If it ain’t in the calendar, it ain’t gonna happen.

Here are some ways that you can track your spending:

  1. Log in to your online banking. Many banks have apps, graphs, or charts to show you a record of your spending categorized for you. See if your bank has one of these options. 
  2. Use a program like Mint or You Need a Budget that links to your bank account. These apps will categorize all of your purchases automatically and let you filter timeframes. You will have to edit some of the categories, because they aren’t always labelled correctly.
  3. Print your bank statements and use a different colour highlighter for different major categories (Groceries, Utilities, Mortgage/Rent, Health, Education, Coffee or Fast Food, Entertainment) Try to keep the categories simple. 
  4. Bank Account Budgeting. In the Pretty Money Club, we automate our bank accounts so that our money is allocated ahead of time. We tell our money where to GO, we don’t look back to try and figure out where it WENT. I call this Bank Account Architecture, or budgeting right inside your bank account… Bank Account Budgeting. It’s the easiest way to do things… but it takes a bit of time to set up. More time than I have to explain to you in this exercise. If you want to learn how to do this, join the Pretty Money Club.
  5. My Spending Tracker. I’ve created a super simple tracker for you to use going forward. You can keep track of all your lifestyle spending choices (your wants.) You might be surprised at how much they add up.

Your task is to PICK a way that you are going to track your spending and make some time in your calendar to DO IT.

If this is too overwhelming or you’re looking for some extra support, sign up for my free 5 day budget makeover series and I’ll walk you through it.

HOW IS Your MONEY MINDSET this decade?!

I’m sure you’ve heard it all before… and maybe you’re guilty of saying this too…

“New year, new vibe. New me. This is the year that I will accomplish ALL THE THINGS!”

A day goes by, two weeks, then maybe a month. Before you know it, your New Year’s resolutions slip away from view and the goals you set for yourself seem like distant dreams that simply live within the pages of your morning journal.

I am here to tell you that you are not alone. While it is human nature to challenge ourselves, consistency and determination to meet said challenges do not come as naturally.

“Mindset is THE key to lifestyle changes and resolutions are just lifestyle changes made to achieve goals we want.”

Lindsay Plumb – Founder of the Pretty Money Club

The reality is that people make resolutions with good intentions… but then fail. THERE IS GOOD NEWS though: a few minor adjustments to your mindset in the follow-through process and you have the power to change your narrative.

Think about your deepest desires… those wants and needs living just beneath the surface. Don’t think or judge what comes up; accept the first things that come to mind. Use what you discover to answer these questions:

What do you want to accomplish this year in order to get that much closer to your goal?

How will you go about accomplishing it?

Get comfortable with asking yourself the tougher questions:

How will you make sure to stay on track?

Are your finances in line with your desire to accomplish your goals?

If necessary, are you willing to make some lifestyle changes? (That’s totally okay if your answer is no, too. I myself am unwilling to make sacrifices sometimes.)

Become aware of that voice inside your head that says you can’t. Negative self-talk is the biggest obstacle that keeps us from achieving our goals. Naturally, things may come up throughout the year that pulls us away from our resolutions. We have no control over that. The only thing within our control is how we respond to those circumstances.

One thing is certain: You are totally capable of getting your money in line. Think of a time when you absolutely needed something and
YOU made it happen.

Regardless of the circumstance, you found a way to navigate through to the end goal. Perhaps you reflect back with humor and incredulity, wondering how it was even possible. Think of this moment as your ‘money mindset,’ or the ability to accomplish anything given the right amount of focus and determination. Now, round up those dollars and harness those cents. Indeed, you are stronger than you think!

You can achieve the impossible. But first, you must get your ‘money mindset’ right.

Want to see how your mindset scores up?

Take my money mindset quiz!

Teach Your Kids What Christmas is REALLY About

If you don’t want your kids to be materialistic, quit buying them so much stuff.

You’ve probably seen me say this before. Don’t feel badly though if you’ve fallen into the consumer vortex and got a little gift-happy this year. I’ve been guilty of this too! Sometimes we all need a little reminder.

We all want to teach our kids to be grateful for the things that they have and more importantly, the people in their lives. But you know how Christmas is. Their friends at school are talking about their Christmas lists… and what they want. They’re going to want stuff! Chances are the grandparents and awesome aunts and uncles in their lives are going to get them stuff, too. If they got a bunch of stuff last year… how quickly did that thing end up in the corner of the closet never to be played with again? How fast did they lose that vital piece? How soon were they onto something else?

That’s why it’s important for you to help your kids understand what Christmas is really all about.

How do you do that?

You have to lead by example. If your kids see you getting all frazzled and excited over Black Friday sales and Cyber Monday deals, then they’re probably going to get excited and start talking about these things too! But if you take the time to talk about how important it is to spend time together and build cherished family memories by experiencing the parade, checking out the lights on your street, or baking peppermint cookies and making hot cocoa, they’ll be excited for those things too.

No one is going to give a Christmas toast about you that says “She has a designer couch and really expensive earrings.”

I love waking up on Christmas morning with the excitement of Santa MAGIC. I love when the boys open their stockings. But the absolute best part of the day is when the stockings and the small items inside are all put away and we get to head to the beach as a family to have a sand castle building competition. We forgo big gifts and set aside money all year long to go on a family vacation. Yes, it does require money to do this, but spending time together does not.

When I was a kid we would volunteer as a family at the Santa’s Anonymous warehouse. We spent the entire day freezing our butts off and packed HUNDREDS of hampers. I don’t remember every gift that I unwrapped. But I remember the faces (rosy red and cold) of the people who came together in community to do this cold task every year.

These are experiences I’ll never forget—and they had nothing to do with a gift that was given to me. It was all about spending time with my family and giving to other people.

This Christmas, I hope that you’ll teach your kids how important they are to you, and how much you cherish the time you spend with them. I hope they learn that their worth as a friend and human on this planet is FAR more than the brand-name sweater they wear or the shiny new bike they ride. Here are some practical examples of how you can build your family bond this Christmas season:

  1. Volunteer as a family. You might sing carols at a nursing home or build a gift basket to donate to a family in need. You could volunteer at your local soup kitchen or church. Talk to your kids about why you are choosing to spend time this way. That will make for some memorable and rewarding conversations!
  2. Take your kids on a gift-buying date, individually. Give them each a small amount of money and have them buy thoughtful gifts for their siblings. Ask them questions about what their brother or sister really likes and what is really important to them. On Christmas morning, let them unwrap these gifts one at a time and have the buyer explain why they thought of their sibling when they bought it. You’ll get a special one-on-one date with each child and the joy on Christmas morning will warm your heart, I promise!
  3. For every gift your kids receive, have them give something away. You’ve got to give them a heads up before Christmas morning so that they know what to expect. Get them involved in choosing which toys they want to give away. This will help with the after Christmas clutter storm and encourage your kids to value generosity.

Don’t get me wrong here… I do NOT disagree completely with giving gifts. I just think we need to be more mindful of the reason WHY we are giving gifts. I do not believe in feeling OBLIGATED to spend money that I don’t have on people that don’t need or want what I’m giving them. I think that sometimes the best gift you can give someone is to release them from that culture-created obligation of gift giving in the first place.

So if you DO want to give someone a gift, make sure that it’s something really special. Something that’s not a fad. Something that will be cherished. And remind them that there is so much more to this world than material things.

And if you want some meaningful gift ideas that range from absolutely free to out-of-this-world unique, check out this gift guide!

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