More than half of Americans do not have a budget. Nor can they cover a $1000 emergency. The purpose of a budget isn’t always clear though.
In this episode, we’re diving even deeper into the topic with Tionna from The Honest Plan.
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Tionna Tyson is a millennial money coach for first generation black women looking to break the paycheck-to-paycheck cycle and reach their financial goals. Just a few years ago she felt like she was drowning in debt, could never get ahead from so many surprise “emergencies,” and she was constantly digging herself deeper into financial stress.
After 6 years of struggling with money and feeling like she was in a never-ending cycle, she finally cracked the code and found a system that has helped her feel more confident in her finances. She’s now a certified financial educator and teaches other women how to do the same.
In this episode, she broke down the purpose of a budget and how to get started creating your own.
The Purpose of a Budget
In this episode we covered…
- The meaning of financial wholeness
- The purpose of a budget
- Why budgets give people anxiety
- Myths that people have about budgets
- Common mistakes that are made when setting a budget
- Great ways to keep track of a budget
- Tips for sticking to a budget
- What having a budget and sticking to it can really in the long run
By the end of this episode, the purpose of a budget becomes abundantly clear.
Want More?
If you enjoyed this episode, then you may also enjoy the episode of the show about the purpose of a money coach or this episode detailing how to use life insurance to build wealth.
Resources Mentioned
Connect with Guest
You can connect with Tionna on her
Instagram: @thehonestplan
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