Budgeting Advice & Money Management
Are you feeling less confident with your money that you would like to be? You can read all the money management tips in the world, but sometimes it comes down to getting organised and working out your budget. Then choosing the money planning systems that will work for you in order to keep track and stick to the budget. Smart ways to manage money can be simple but it can be overwhelming and you may have money mindset issues to address too. It may be time to let a professional organiser take a fresh look things. That’s why A Tidy Mind developed our money managing coaching service.
Manage your money better with our Budgeting Advice & Money Management service so you can feel in control of your finances.
Budgeting advice & money management coaching sessions are for you if:
you feel your finances are out of control
you don’t budget or don’t tend to stick to a budget
you’re an impulsive or emotional spender
you want to feel more organised, calm & in control of your finances
you need to take some time out & have an expert have a fresh look at how you’re managing your money
How does our money managing coaching service work?
Budgeting advice & money management coaching takes place in the form of an initial 30 minute assessment & then a 90 minute session. Further 1 hour sessions can be offered if required. These sessions can take place virtually, offering you complete flexibility.
Examples why you might approach us for help with budgeting & money management
Review monthly outgoings
To be provided with a personalised Excel spreadsheet with monthly financial analysis
Set up standing orders from same account on correct dates
Get the best deals from utility providers & other services
Review weekly transactions or get a handle on outgoings
make a plan to reduce debts or manage savings & investments
Develop habits for opening post, shredding / weekly actions / recycling
Have more money for the things that matter
Prices
£111 for initial 30 minutes information gathering plus a 90 minute session | £40 for additional 1 hour sessions
Initial session includes follow up emails to summarise the discussion and outline the action points.
This service can be delivered virtually no matter where your location or in person if you live in West Yorkshire. To enquire or book, fill in the contact form below or email Caroline.
Common Obstacles To Budgeting & Organising Finances
1. **Lack of Financial Literacy**
Many people aren’t taught how to manage money effectively, leading to confusion about budgeting, saving, investing, and understanding financial products. This lack of knowledge can make financial management seem overwhelming and complex.
2. **Impulse Spending**
Impulse purchases can derail budgets and savings plans. Marketing strategies and the availability of credit cards make it easy to spend beyond one’s means, leading to debt and financial stress.
3. **Procrastination**
Delaying financial planning and decision-making can lead to missed opportunities for savings and investments. Procrastination often results from fear of facing one’s financial situation or from not knowing where to start, which can impact productivity and leave us feeling stuck. Our passion for helping clients overcome the painful and disillusioning experience of procrastination led us to develop our money management coaching service in the first place.
4. **Inconsistent Income**
Freelancers, gig workers, or those with variable incomes often struggle to manage money because their earnings fluctuate. Having a flexible portfolio career can be great but this inconsistency makes it difficult to budget and save consistently, leading to financial instability.
5. **Emotional Spending**
Emotions can heavily influence spending habits. Stress, boredom, or the desire to keep up with the Joneses can lead to unnecessary expenses. Emotional spending often undermines financial goals and creates additional challenges in maintaining a budget. Money management coaching aims to help you recognise and understand those emotions, whilst still moving forward in a solution focused way.
Money Management Coaching 101 – 5 Quick Tips
1. **Create a Budget:**
Start by outlining your monthly income and expenses. Use a budgeting tool or app to categorize your spending and set limits for each category to ensure you live within your means.
2. **Track Expenses:**
Keep a record of every purchase, no matter how small. This habit helps identify spending patterns and areas where you can cut back, ultimately aiding in better money management.
3. **Build an Emergency Fund:**
Aim to save three to six months’ worth of living expenses in a separate, easily accessible account. This fund provides a financial cushion for unexpected expenses, reducing reliance on credit.
4. **Automate Savings:**
Set up automatic transfers from your checking account to a savings or investment account each month. This ensures you consistently save a portion of your income without having to remember to do it manually.
5. **Review Financial Goals Regularly:**
Periodically assess your financial goals and progress. Adjust your budget and savings strategies as needed to stay on track and accommodate any changes in your financial situation.
For some quick tips, read this money management blog post
Need Help Now? Contact us about our money management coaching service