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As I have coached clients in 2023, a common theme has emerged. In fact, 100% of clients coached this year report the same concept has made a positive difference in their money. As they gain clarity and understand their money better, their money seems to last longer and they gain confidence in their ability to manage their money. In the early stages of working together, clients record all spending. That seems like a lot of work. It does require commitment to the process. That commitment produces tremendous results. The reduced stress is worth the work. (actually, it is not a lot of work) In a couple of weeks of journaling your spending, a picture will emerge. You will begin to see where your money is going. It will help you…

The last Blog Post asked you to consider how you would define Wild Success with your money.  What does it look like for you? For many of my clients, in the early stages of gaining control of their money, Wild Money Success is simply knowing that more money is coming in than is going out.  Having a monthly, money surplus seemed impossible only a few short time ago.  Now a surplus is happening every month.  That is one definition of Wild Money Success!  It is a great first step!   It is something to build on. Be careful of Social Media. Social Media skews our concept of Money Success.  It seems that everyone you know is off on a big trip or out to a fancy dinner.  The truth is that…

The last post defined a budget in a simple way.  A budget is a spending plan.  It is a key tool to use when you want to gain control of your money.  Another tool to use in your effort to gain control of your money is the Income and Expense Register. An Income and Expense Register records, or writes down, money activity of inflow (income) and outflow (expense) for your money.  A check register is a good example of an Income and Expense Register.  For each transaction enter the date, received from or paid to name, the amount to be added or subtracted from the prior balance, and the new balance. Common registers are a check account register or a saving account register.  A register for ATM or cash withdrawals…

A budget is a spending plan.  It tells your money where to go before you spend it.  A budget puts you in control of your money so that you don’t wonder where it went.  In its simplest form, there are a few steps to creating a budget. You enter the amount of income that you are about to or have just received.  Then you list where you are going to spend that money.  That may be food, rent or mortgage, utilities and other recipients of your hard earned income. Subtract the total expenses from the income.  The remainder should be zero or a positive number that can be put into savings. It is that simple.  Your budget or spending plan is not that complicated.  Visit russbellmoneycoach.com/blog/ for help creating, or…