Stop Saying "Broke" & Say "Bae" to Your Bank Account 💰

We’ve all been there.

Managing rent, bills, meals, and those fire sale emails that try to wreck your budget 💸 isn’t easy.

Managing your cash flow isn’t as daunting as scoring a pass for THE ERA’S TOUR. 🎤🎟️

Building STRONG 💪🏼 financial habits now is leveling up your adulting skills. It means you can cover all your basic needs (rent, food, etc.) and still have cash for fun stuff. I pair the Personal Finance Tracker with my strategy.

Here are a few ways to get started 👇🏻

🧠 Materialize your Why

Be radically honest with yourself and write down 10 reasons (yes, babe!! 10) why you want to change your financial habits.

Some questions to journal about 👇🏻

• Do you feel like there’s never enough?

• Do you have a dream trip that you wanna save for?

• Are you entering your BOSS era and need a future-proof financial plan?

Anchoring your reasons WHY so deeply in your truth and desired outcome will help you stay on track with the promise you made to yourself.
Energy flows where attention goes ⛲🤝.

💰 Give each account a purpose

Here are mine 👇🏻

1. Income account: My paychecks go here, and it ONLY RECEIVES money. Nothing else 😮‍💨.

2. Checking: To cover monthly expenses

3. Investment account: Check if your country has tax-free options (i.e., in the USA, Roth IRAs, 401 K. In Canada TFSA, RRSP, FSHA, etc.)

4. HYSA / Savings account: The place to build and keep your emergency fund

5. Fun Fund: Allocate a monthly budget for your shopping, travel, or any fun activities you have planned.

6. Education: Yearly courses for self-development

🤖 Automate your processes

Set up auto-transfers for each payday from your new income account to each of the other accounts. The balance should hit $0 as soon as you’re paid.

• HYSA / Savings = 10% non-negotiable until your FU / Rainy Day fund is covered

• Investments = 10%

• Fun Fund = 10%

• Education and Donations (others) = 5% each

• Checking = 50% towards needs

This simple structure clarifies exactly where you're at on each budget by logging into your bank account and checking the balances. If you need help getting started, use our Personal Finance Tracker to set up your financial glow-up ✨.

It makes saving + funding your WHYs so easy that you forget you're even doing it.

P.S. Your future self is already proud!! 👏🥳

P.P.S. You are receiving this newsletter because you are a subscriber, purchased a digital Girls Who Excel product in the past, or took our 52-week Savings Challenge. Thank you for being part of the Girls Who Excel community!

Xo,

The Girls @Girls Who Excel