ADHD Budgeting Workshop #5 Setting up the Budget Automation

In this final episode of the budgeting workshop, we will complete the remaining steps to implement your budget, allowing you to concentrate on being intentional with your spending.If you just joined us and would like to start the series from the beginning, here is a quick recap of the episodes: Ep. 40, Part 1 Income and Fixed ExpensesEp. 41, Part 2 Variable ExpensesEp. 42, Part 3 Analyzing ExpensesEp. 43, Part 4 Selecting the Right GoalI have also created and shared a spreadsheet on the reversed budget methodology, located under the resource links at the bottom of the page. Feel free to download and use it as a resource.Rules of the Road for Budget AutomationThe objective of automating your budget is to have three buckets for your money to flow through.The expenses bucket is for your fixed needs and wants, such as monthly bills, obligations, and commitments that do not vary.The goals bucket is for directing a specific amount of money you identified in part 4 of the series as your primary goal, such as paying off debt or setting up an emergency fund. The spending bucket comprises your variable needs and wants, including the money left after the expenses and goals. You may consider this your ‘what I can control’ bucket. If this bucket goes below $0, and you are forced to use a credit card to fill in the gap between now and the next pay period, you will know that you have not successfully budgeted.  The road may prove rocky at times, but don’t give up! Following this ADHD-friendly method will give you the financial control you’ve been looking for and provide clear, organized boundaries with minimal upkeep to keep you focused on making financial progress and becoming a budgeting pro!Resource:Link to my Google Docs Budgeting Spreadsheet (click here)Want to work with me?Check out my ADHD Planning & Coaching service.Help Me Out!If you enjoyed this podcast, the best way to help me is share it with a friend. Reviews and ratings are also appreciated:Click here to leave a review on AppleClick here to leave a review on my websiteGive me five stars on SpotifyHelping ADHD'ers unleash their financial potential through planning and coaching.DeWittCM.com/adhd to book free discovery sessionHead over to our YouTube channel for the full experience on future episodes.Learn more about ADHD-friendly financial coaching Follow me on YouTubeSubscribe to the newsletter