Money Gal Coaching: Start here if you're feeling overwhelmed with your finances

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.
Author:
Publish date:
BMTN 900x450 (32)

Kelly Blodgett launched Money Gal Coaching with a goal of serving people who, like her, were burdened by debt. You can get her tips for paying down debt on a regular basis at Bring Me The News, in addition to the Money Gal Coaching website and Facebook page. Here is her latest story:

I get it. Start budgeting! Pay off debt! Refinance your loans! Save for an emergency! Don’t forget about retirement!

We are constantly hearing messages on how we should be doing better and how to fix things. There are a ton of routes you can take while on your personal finance journey, so feeling overwhelmed is normal.

Instead of not starting because you feel paralyzed, let’s break a few of the important items down into manageable tasks. Once you start to see progress, you will build up your confidence and motivation to continue on this journey.

I compare a financial journey a lot to our health and wellness journeys. You could start working out, eating better, drinking more water, or getting your steps in. They all are good things but you can’t do everything all the time, that is a recipe for burnout.

So, this is how you start. And remember, you take this one day at a time, if you are starting to feel overwhelmed, come back tomorrow. The key is to make small daily progress, tiny steps forward that will add up to big improvements in your life.

Dream big. Get a clear mental picture of the reason you want to clean up your finances. Maybe it’s for your kids or so that you can go on a dream vacation without going into debt. Depending on your style, you can detail out in a journal, Pinterest board or app in your phone.

Put a list together of all your accounts. Write out all your debts and assets. By seeing on paper how much debt you have, you will be able to get a better idea of how bad (or not so bad) your finances are.

Track your past spending. List out and categorize all your spending from the last 90-days to see where your money has been going. This will help you see if it’s going towards things that are important in your life.

Debt or savings? Decide what your main goal is so we can add it to the budget.

Create a budget. Use your past spending, and debt or savings goal, to create a budget that aligns your income with your spending. Don’t forget to include those larger annual expenses and break them up into monthly savings goals.

Follow the plan. Track your spending moving forward and try your best to stick to your budget. It won’t be perfect the first few months but you will get better each day, week and month.

Ready to dive in but want a bit of help? Schedule a free call today and let’s chat. This is an investment into your future. Your future self will thank you.

Sponsored: Money Gal Coaching special offer for friends of Bring Me The News.

Disclaimer: Bring Me The News will receive a portion of the proceeds from readers who purchase a service from Money Gal Coaching via our articles.

Next Up

Rocco Baldelli

Twins-Angels postponed Saturday and Sunday due to COVID

Outfielder Kyle Garlick and one other player tested positive on Saturday.

51116674647_a9a72eac98_k

Curfew set at 11 p.m. in Brooklyn Center, Champlin Saturday

More protests are expected in Brooklyn Center.

Image from iOS (1)

Victim killed in multi-vehicle crash that closed Hwy. 62 ID'd as woman, 23

The four-vehicle crash closed the eastbound highway for several hours.

protest, Daunte Wright, Brooklyn Center

Photographer reports being maced and punched by police, other journalists detained

It came just hours after a court order prevented law enforcement from using force against the news media.

51119874206_73072b910b_k

Police move in swiftly to make arrests on 6th night of Daunte Wright protests

What started out peaceful took a turn as the night drew in.

Michelle missing outing

Man pleads guilty in 2019 murder of Outing woman

Joshua Emil Karjala's sentencing is set for June.

Related

vision board

Money Gal Coaching: 12 things to do at home that won't break the bank

Kelly started Money Gal Coaching after paying down nearly $50,000 in debt in just 20 months.

Family Dollar

Money Gal Coaching: 12 things you are wasting your money on

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

credit card, payment

Money Gal Coaching: Bouncing back after living your best life

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (44)

Money Gal Coaching: My why, and how a budget changed my life

Kelly started Money Gal Coaching after paying down more than $46,000 in debt in just 20 months.

Screen Shot 2020-12-04 at 11.00.30 AM

Money Gal Coaching: Habits of a millionaire, just in time for the holidays?

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

Screen Shot 2021-02-02 at 10.45.39 AM

Money Gal Coaching: Free tools for you to start a debt-free journey

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

BMTN 900x450 (8)

Money Gal Coaching: You should be earning cash ... on your cash

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.

Christmas presents

Money Gal Coaching: 3 holiday tips to avoid January buyer's remorse

Kelly Blodgett started Money Gal Coaching after paying down nearly $50K in debt in 18 months.