90-Day Money Reset, Step 3: This is where it clicks
Welcome to the 90-Day Money Reset! Over the next 30 days, I'm going to walk you through 9 simple steps to help you clear the overwhelm, get clarity on your finances, and finally put a plan in place that works. This post covers Step 1 and if you'd like to receive each next step directly in your inbox as we go, just click here to join the challenge and I'll guide you through the rest of the reset, one step at a time.
If you are joining us late or you missed Step 1 or 2, you can catch up and read it on my blog here.
Step 3 of the 90-Day Money Reset
In our last step, you faced your spending head on. Well done!
Today, we get into step 3 and this is were things start to click into place.
Step 3: The Buckets
Pull up your spending from step 2, then allocate them into three buckets:
Needs (your essentials)
Savings & investments
Wants
Calculate the % going to each. You could create a pie chart showing the distribution of each like this:
If you've used AI for your spending analysis in Step 2 then you might already have the answer to this.
These are the limits we want to set for each bucket:
Needs: 50%
Wants: 30%
Invest & Save: 20%
Your challenge for the next 90 days is to get your "Invest & Save" bucket to at least 20%. If you're far out, work it up gradually.
Hot Tip:
If you want help with overcoming the uncomfortable parts of money, we get into a great budgeting concept and how to prioritise your cash flow in Your Money Gameplan.
I'll guide you through with video lessons and an in-depth calculator to add these steps and track them. There’s an option specifically for couples to help you navigate this together.
Remember, if you complete Your Money Gameplan before 28 May, you’ll unlock access to my live Q&A.
You're well on your way to success, just keep going, one step at a time.
Speak soon,
Carla