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LRC Savings Edition - Day 16: Add Abundance to Your Budget

LRC Savings Edition - Day 16: Add Abundance to Your Budget

By TheBudgetnista -  Tags: , ,

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New to the Live Richer Challenge: Savings Edition? Learn more about it HERE and sign-up.

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Need to catch up? Click on the link where you left off and then come back!

Day 10: Find Money

Day 11: Restructure Debt

Day 12: Automate Your Savings

Day 13: Review, Reflect, Relax

Day 14: Weekly Inspiration

Day 15: Activate Abundance

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Week 3: Increase Your Abundance

Today’s Easy Financial Task: Calculate the total cost of your loves and add it to your Money List.

How to rock this task:

  • Fill out your financial abundance worksheet with your loves from Day 4.
  • Take out your Money List (aka budget) from Day 9.
  • Add abundance to your Money List.  
  • Do the math to see how much extra money you need for abundance.

Another day, another task. Let’s get to it!

Yesterday, you decided what abundance looks like in your life. The purpose of today’s task is to see how much extra money you need to earn per month to make abundance happen.

Don’t hold back; I want you to add everything you’re passionate about. You may not have the funds right now to pay for it all, but it’s important to pre-plan for the life you want so you can take the steps necessary to attain it.

To help you with today’s task, I’ve found a free Financial Abundance Worksheet created by Jessica Mullen. You can get a copy of it HERE.

Use the worksheet to estimate how much your abundance costs each month. Then put the total from your abundance worksheet on the abundance line of your Money List.

Here’s an example. If I want to get my hair done for $200 and piano lessons for $150 per month, I write it all down on my Abundance Worksheet. The total is $350. Then I write $350 on the abundance line that I add to my Money List.

Make sense?

After you’ve added abundance to your budget, do the math to see how much more money you need to make each month to cover abundance. Do this by taking a look at your newly designed savings.

Can a portion of that money be set aside to fund your abundance? If so, how much more do you need to make to cover the rest? If you don't want to use some of your savings, it's okay; that just means you'll have to make the full amount to fund your abundance desires.

Share how much more you need to make per month to pay for abundance with me in the comments vs. emailing me.

Ask your accountability partner how much do they need to make. Share what you've written on your Financial Abundance Worksheet with each other.

Use the social media buttons to let your network know what you're up to. Tweet them too.

I'm calculating the cost of abundance & adding it to my budget. Day 16 #LiveRicherChallenge Click To Tweet

Remember, you can reach out to me here:

Twitter: @thebudgetnista

Instagram: @thebudgetnista

Facebook: The Budgetnista

Forum: Dream Catchers  (if you're not already a member.)


Live richer,

Tiffany "The Budgetnista" Aliche


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Copy of 2016 LRC Starter Kit

 


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Tiffany “The Budgetnista” Aliche is quickly becoming America's favorite, personal financial educator. The Budgetnista is also an Amazon #1 bestselling author (The One Week Budget and Live Richer Challenge), sought-after speaker and teacher of financial empowerment.
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