BUDGETING — Budgeting
💸Episode 269: How To Be A Money Making Mama. Yo Quiero Dinero Podcast
Mamas Dinero Featured on the YO QUIERO DINERO PODCAST!!!! A budget doesn’t mean you’re broke!Alicia Sanchez is the creator behind @mamasdinero, a blog dedicated to empowering families to take control of their personal finances. She wholeheartedly believes that anyone can improve their financial life by budgeting, saving, paying down high-interest debt & investing while helping others!Alicia started her personal finance journey with over $80k in debt, a negative net worth, and her credit was negatively affected (thanks to piled-up medical bills).Over the past few years, she’s built a foundation of strategies doubling her income, which led to...
Should I really give my kids an allowance?
Mama, we both know money makes the world go-round. Rather than pretending that’s not the case–take a proactive approach by giving your kids the financial education you didn’t get. Kids learn about money at home and allowance can be a helpful tool to put real money in your child’s hands to help them learn about finances. Kids are never too young to learn about money Sometimes we may not give our kids credit for being able to understand complex concepts, but I love when kids shock us with how much they absorb. Rather than a traditional allowance, where you just...
Stop living a life you can't afford and actually get serious about saving
Want to know my biggest fear? This glimpse of working until I am 70, living off of Social Security and I won't even have enough money to buy groceries at the Dollar Tree because I decided to buy $1k Beyonce tickets in 2023 When I could’ve used that money to invest, so I can retire young enough to drop it like it's hot with Bad Bunny while my American Express Points Pay for that experience and my dividends make it rain. If this image scares you too–keep reading! There’s this false notion that...
How to make a budget ( and stick to it)
If you are saving up for something special or need to see where your money is going and how much you have coming in, you need to learn how to make a budget. Making a budget will give you a detailed layout of what money you have coming in and what money goes out for bills and other spending habits. It allows you to plan for spending and saving each month. While it is not the most exciting activity that you can do, it is necessary if you are living on a fixed income or want to start saving. Budgeting...