Stop Tracking Every Dollar: Create a Budget That Runs Automatically | 478

0:00Here's why most budgets fail. They're manual. Every week you're trying to figure out or remember what to do, what to do, what's left. And the more manual it is, meaning the more you're in it and having to be the one to do stuff, the more you're going to mess it up.

0:14Shayna:Yeah. But what if, guys? Your budget could run automagically. Okay. Hold on. And if our producer puts in the sprinkles or sparkle sounds, okay, and say automagically again. Automagically. Okay. Okay. Imagine your debts, your bills, spending and savings all moving to the right place on the right day without you ever having to lift a finger. That's the power of automation. More sparkles. More sparkles. When you schedule it, you skip the stress. And when you make your bank your personal assistant, your budget finally comes to life. We said that the other day and I was like, man, that's so good. I know, and I personally picture the scene in Beauty and the Beast, and they're all coming into the castle, and all the dishes come alive.

0:58Be our guest, and it's like this beautiful, like when you say that, that's what I'm picturing, like your budget is coming to life magically, doing everything. Today, we're going to show you how to stop depending on willpower or your memory, like honestly, or even your ability to do math. We love you, but we don't want you to depend on any of those things. We want you to start making your bank do the heavy lifting. Your bank can do the budget for you, so your money runs on autopilot while you literally do anything. And we mean anything else.

1:23Shayna:Yeah, imagine doing anything else but that. Yeah. Do you make good money but have nothing to show for it? Are you tired of living paycheck to paycheck? Do you have big dreams for your financial future? Do you want to get debt-free, but you don't want to live on beans and rice? Or you don't want to give up those pumpkin spice lattes? Hey, it's okay if you don't already know how to budget or if you're using credit cards to get through the month. Hey, it's okay if you want to seem like you have your finances all together or you're not on the same page with your spouse when it comes to finances. We know what you're doing probably isn't working, but guess what?

1:55You're in the right place.

1:57Shayna:We're Shana and Vanessa. We're best friends, business partners, and master financial coaches trained by Dave Ramsey. We've been in business since 2019, helping hundreds of amazing people like you create budgets, get out of debt, stop living paycheck to paycheck, and know exactly what to do with their money. In this podcast, we'll share with you everything we know, plus everything we're working on with our clients so that you have the best chance at reaching your financial goals. We want to help you take the guesswork out of your budget, improve your marriages, and even bring your kids in on the conversation.

2:27We can help you no matter where you're at, whether you're the single mom who's never had$500 in her savings account or the millionaire who's paid off four real estate mortgages.

2:35Shayna:And we're not gonna shy away from the tough love. We'll tell you what you need to hear and encourage you at the same time. This is the Financial Coaching for Women podcast. Let's imagine that we have two teenage girls and they have events. Okay. Are we imagining or is this like a real thing? It's also, we're also, it's real life. This is our life, guys. And like they all, nowadays, girls all need to have really long hair. It's very important. And so they have events like recitals and homecomings. And they want all their hair to be curled. And you have just the one of you and the one of them. and then it's going to take 13 hours.

3:11And that's just the hair, you guys, because don't forget about the makeup, the dress, the shoes. Okay, but what about this clutch or whatever? Okay, so when you're doing that, it's really time-consuming. It's fine. It doesn't mean it's not going to come out good, but it's just, it's not the easiest way to get it done. You can't plan anything else for yourself during the time. No, that's all that we have.

3:30Shayna:Yes, that's the only thing that matters, and especially if you're my daughter, when you invite all of her friends over. Oh, let's just up that. To the house. To the exponential. It's like, hey, mom, my entire class is coming over. I told them that you would do their hair. And I'm like, I'm sorry, what? I know that I can do yours, but to be responsible for doing five or six other people's hair. So anyways, but yes. So imagine this is happening and what, what do you do in that moment? You need all the help that you can get in that moment. You want something that's going to help you and something that you don't, where you don't have to rely on yourself.

3:59Yeah. I think that's fair. Yeah. And so that is what we found my mom bought it for us and it was an automatic curling iron okay so what happens is you get a little strand of hair you put it in in through the guard and it twirls it and it twirls it automatically and then you push a button okay and it heats it up and to the right exact according to your temperature and what you want and the style of curl you want yeah and you can also pick like loose curls a spirally curl and it beeps when you're done and it releases your hair and literally it does all the work for you. And it automatically makes the kid's hair super curly, beautiful in 10 minutes.

4:38Like literally, Melanie has a lot of hair, my daughter, and she did her own hair in 10 minutes with it. And did you hear the part where it tells you when to release it?

4:47Shayna:Yeah, so many good things. I always have a hard time with, okay, when is the right time to let go? Am I going to fry it off? Is it not enough? Right. There's all these questions. So that is the now and that's what we've been doing. And we absolutely love it. My daughter loves this curling iron. It's been the best thing that happened to her. Now, let's all take a step back. Do you remember when we were trying to curl our own hair back in the, whatever, 70s, 80s, 90s, whatever that time frame was for you? I know personally I had a burn all the way across my stomach because I was trying to curl my hair without a shirt on, which is stupid.

5:20Shayna:But, you know, there's that. I even saw a video of a girl who fried her hair off because she left it on too long. Okay. And then there's the opposite was me when, and I have a picture when I always had to do my own hair too. And my bangs that I had curled, because you used to do that. Yeah, the big curl. Yeah, the big curl. And my school picture, like my bangs were in here. You were covering your eyeballs? Yeah. And my mom calls it my evil ear because it looks like I'm trying to be so emo. And yeah, so that's the opposite. So there's a lot of ways that could go wrong. And I feel like we've spent a minute talking about curling ears.

5:49But the point here is what we found is this way, like this old way of doing it. There's a new way we can use all the new tools somebody invented for us to make it go right, make it perfect every time without us messing it up because that's what's going to happen.

6:04Shayna:So for all that, what we want you to hear is that we want your budget to run automatically. There is, it brings your budget to life. There is a way to do this to keep your hands out of it. So that way it makes it as easy as possible for you to live your life and not have to worry about those words and numbers that you put on paper. Yeah. Because the deal is when we're we're talking about old way and new way with the curling iron. There's the same thing. The old way with budgeting was go get your cash out, or maybe you never even had a bank account, or like it was digital. You always got paid in cash or whatever.

6:34And you put in your envelopes, or you put it between mattresses or a tin can. I don't know what they did. Okay, that's fine. The new way is to have your bank do the budgeting for you. 100 % can. There's so many tools available. And that's what we want you to do. We want you to use the tools in your bank that allow you to do everything that you built in step two, when you built your budget, you have your debt minimums, you have your bills account, you have your spending amounts, you have your savings amounts, all of that, you're going to then use your bank to make all of that happen automatically.

7:04Shayna:There are a lot of people that still don't know that your bank app has all these amazing features that allow you to schedule things and transfer things and make things automatic and pay bills and transfer between banks for free, that feature. So we just want to, we want you to be aware that all of these things are possible. And then we want you to use those tools to put into your budget. And again, fund your bills, fund your savings, fund your spending, like all of that can happen. So the way that it looks, and we have a visual that you can, you'll get to see someday when we have somebody hire, when we hire somebody to make it, but work with us, like work, hear us out on this.

7:41Okay. So if you think, if you just imagine all of your income is coming into one account. Okay. So visualize that all of your paychecks, any side hustle, all of that's coming to the one account. That is your bills account. And it's staying there. Just the right amount is staying there to pay all of your bills automatically, automatically. So all your money is just sitting there. And then based on the pay schedule that you decide, let's say the first and the 15, just for funsies, you, whatever you budgeted, half of that amount, whatever you budgeted for the month, half of that amount is going to go into your groceries, go into your spending, go into your travel account on the 1st and the 15th by an automatic transfer into those separate bank accounts that you've set up.

8:20And so then when you wake up in the morning, all of your budget has, like Vanessa said, has come alive. It's happened. It has done the thing overnight without you having to do anything.

8:29Shayna:All right, budget besties, it's time for some real talk. You don't need another budget. You need a budget system. Our simplified budget system is what you've been looking for. It's going to allow you to be bougie on a budget. You'll be able to easily set up a system that runs automatically and shows you exactly where your money is going. And it's going to give you permission to spend. Everybody loves that. Yeah. It's straightforward, pretty, and packed with walkthrough videos that break down the exact methods we use with our clients to get out of debt, set up a bills account, separate spending, build savings buckets, and end the paycheck-to-paycheck feel.

9:05If you're new to budgeting, this is the perfect way to jump in. And if you're already a budget nerd like us, you're about to meet your new obsession. This is the upgrade to your finances that you need right now. Yeah. So head on over to budgetbesties.com forward slash budget and grab yours.

9:21Shayna:Now back to today's show. And the other part of that is that not only can it happen, again, we're doing this reoccurring. Right. So you're clicking that button in your bank app that says make this reoccurring. And you're going to say, yes, please do that. That's what I want. My husband gets paid every Wednesday, Thursday morning at midnight. All of my transfers happen. I didn't do anything. I set the system up. Shana set her system up. All of our clients have theirs going. And I just had a new client of ours email us last week. And she said, oh my gosh, it is so awesome to see everything automatically funded.

9:49Shayna:I didn't have to do anything. And I'm like, yes, preach. That's what we want for you. Yeah. So like when you, I like all of the transfers for us to happen on Friday because weekends are when I actually have time to spend money. So go to the grocery store. So if you imagine Friday, you wake up and you have your new spending budget amount. And depending on how you do it, you either have to just make that last a week or two weeks. And you're just like, oh, look at me. Yes, girl. You have your groceries. And that client said one of our favorite things is when you log in, you see your savings buckets are growing.

10:19You're not having to do anything yourself. It happens automatically. Like Vanessa said, there is that recurring. And there's several. We have an episode that we really deep dived into that. but there's several options for recurring transfers, but you can make them recurring, automatic, and all, every single part of your budget can happen automatically. The only thing you will ever have to do is go in and pay extra on debt. And then once that's over, then we're all done with that too. Yeah.

10:43Shayna:Yeah. And so the idea here is that your bank can run your budget for you. Okay. And you don't need another budget. A lot of people are like, Oh, I have to download this template or I need this app and this app to track everything that is we're done with tracking. We've talked about that. We're not doing any of that. You don't need to track when you have everything set up automatically. So you don't need another budget. You need our budget because it's amazing. And it is a system. And that's why it's called the simplified budget system because it's not just a budget template. So much more than that.

11:09Yeah. And so what this does is it takes away like you having to have the willpower to do the right thing. But I think even more than that, Vanessa, you not doing the wrong thing. So like either you might try to confuse it or get the numbers wrong or whatever. But if you're looking at your budget, you set it up once, then you don't have to think in the moment for anything. But the other thing I've found with my clients is they don't get to it because they're busy. So like they were supposed to do the transfers on Wednesday and they didn't get around until Saturday. A lot of things need, like then you didn't have money for groceries and like you're just getting this bad cycle.

11:38So if you can set it up automatically, you don't, that's the point. We know you don't have time. We know you don't want to be doing math at 7am on Wednesday yourself or 12am like Vanessa's on Thursday.

11:48Shayna:Like just let it run itself. I actually have a confession to make on my own personal life. I switched some of my bank stuff around and I deleted all my transfers. I was like, oh, but, and then I got called away like in the moment. And I was like, I'll get back to that. Do you, do you think I got back to that? No, no. Cause my daughter had a volleyball tournament. So we left immediately after work on Friday to head there and I didn't do it. And then my husband went to go use the gas to grocery card. And he's like, babe, why is there zero money in there? And I was like, I have no idea. So I was freaking out.

12:16Shayna:And then I was like, wait, why did none of the accounts get transfers? And I was like, oh because I said I was going to manually do that later and I never did so I had to sit my butt on the couch make the previous week's transfers that I didn't make and then set up the current weeks and all reoccurring I had to do so yeah like we don't have time yeah you don't and you're going to mess it up if you manually or you say you're going to do it manually now just let it do it all automatically and you can actually learn more about this if you go to budgetbesties.com forward slash automate we have a video that we did a training that you can sign up for and you can learn more about it and see what see a little bit more in depth what we're talking about and it's free so it's a free class you can sign up you can watch it all you can learn everything that you need to learn you can email us questions anything that you need so again that's budget besties.com forward slash automate and what's so exciting is that with step seven we're in the budget besties method series here we have our last episode next monday where we're going to talk about step eight where you can be bougie on a budget oh you guys this is going to be so fun this is what it's all about, right?

13:16About being bougie on a budget. That's why we're doing it all.

13:18Shayna:If you're tired of feeling like your finances are all over the place and you're ready for a simple set it and forget it way to budget, we have something special for you. Watch our Automate Your Budget Masterclass at budgetbesties.com forward slash automate. We'll show you step by step how to finally organize your money, how to set up your accounts and put your budget on autopilot. So your bills, saving and spending run like clockwork. Imagine less stress, more savings and the freedom to spend money without having to track every dollar or babysit your bank account. Go to budgetbesties.com forward slash automate to start today.