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Wise Budgeting

Introduction to Wise Budgeting with Donna

I have been thinking how can I reach out better and help more. Well I have decided to put together a 12-month course where I start by introducing myself and my own story and facing debt. Every month I will add a new piece to the process and Well, I just completed my first live stream that will begin my course and wanted to share it to get your thoughts and opinions.

 

It is fresh, uncut facts about my story

Speaking naturally from my home, I want to make my course fresh and as natural as possible and feel that means keep it as uncut and unedited as possible. Making it as real as it is, and sharing my experiences will help you join me on a new journey for your financial freedom.

 

The simple approach to Wise Budgeting

Wise budgeting starts where you are and identifying everything about your life NOW in the present, and the feelings or emotions you feel as you are putting it together and see your actual net worth. Realize you have been simply lost for however long and now, you want to change.

 

Goals Setting Gives Hope

Now think what life would look like if you didn’t have the struggles and debt, your net worth was off the charts high. This is the place you ultimately want to get to – but how, you ask?

 

The Answer is Easy – Learning to Budget Wisely

I am in the process of writing a course showing how I have done it in hope of helping YOU and many others do exactly this and experience new freedoms they never thought they could ever have or imagine. I want to share the introduction to this course with you now and ask you to please leave comments and how you felt after listening. What action(s) has it got you taking?

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Finance & Budgeting Self Improvement Wise Budgeting

Wise Budgeting Begins With Being Empowered with Self-Awareness

My last post was how so many of us are driven by the impression they want to leave. It told how you have to be true to yourself and don’t worry about impressing others. Fact is, they may not even now you. But you know yourself, and you need to realize the only one you need to impress is YOU! Unless you get off that need to impress others, you will always be lost in the journey of your life.

Wise budgeting begins with being empowered with self-awareness. From this point you gain your strength and confidence where good things happen. Let’s begin…

Where Are You Right Now Financially

I thought I was either doing okay or not really sure, I now realize I was lost and no matter how hard I tried to get out of debt – I kept digging myself in deeper. I was living at home with my parents and siblings, afraid I would never really be able to ever live on my own and experience life. In 2008, I remember getting a call from somewhere saying there was a warrant for my arrest and if I did not do as they said they were coming for me. It scared me, and I wrote a note to my little sister before heading out to work that night saying I did not know what was going to happen, but I wanted her to know and share that I loved everyone very much.

A few days later I was out shovelling snow, and my stepdad came out to join me, but not to shovel. He wanted to talk about the note and offer some valuable advice that changed my life that day forward. Years of struggling, I finally realized I needed to get my financial act in order. Today I have my own place, and I owe it all to my stepdad’s wisdom. The one line that stands out today is “of all people, I always thought you and Christa (my youngest sister) would make it in this world.” To hear this really made me take another look at everything I was doing.

Where Does Your Money Go?

Honestly, I had no idea where my money was going or what it was doing. I was letting it run amuck all by itself. I was trusting it, which many of us I think do and realized in doing so, my money got me lost. That night I took out all my bills and receipts and made a list of everything I had bought or paid for to date that month. From this list I was able to assemble my first category of expenses and what I was spending for that month in each,

Then I took and made a list of income I was receiving for the month – I suddenly realized I was living on credit. Credit is future money. This was future money already spent now and it was growing. What was I to do now, I had already got a loan and refused the second time I applied, so I borrowed from my stepdad and to pay him off, I had taken a job waitressing back in October of 1989.

Do You Have a Basic Starter Emergency Fund?

Over the years since I started budgeting I have learned so much about myself. One thing I encourage everyone to have is an Emergency Fund. I am an avid follower of Dave Ramsey, and if you don’t have this – get that basic starter emergency fund in action FAST! He says $1,000; I say you have about $2000-2500 in this fund. Open a special savings or IRA and work on funding this as soon as possible. The feeling of having such an account with cash in it is so incredibly refreshing.

Once you have that in progress, you need to begin framing your basic beginners budget. Understand that a budget is NOT cast in stone and flexible, as you will learn.

Framing Your Basic Beginnners Budget

As you set up the four basic categories for your budget not which accounts are current and which ones are not current. You must bring everything up to current status. This means noting current payments and past due statuses on all your expenses. I recommend starting iwth four folders- each representing on of the four categories of expenses. These categories are:

  • CURRENT MONTHLY EXPENSES –
    • THESE ARE EXPENSES YOU MUST PAY THAT ARE ESSENTIAL TO LIFE, LIKE ROOF OVER YOUR HEAD, HEAT, LIGHTS, FOOD
  • TRUE EXPENSES (OR OTHER MONTHLY EXPENSES)
    • THIS CATEGORY REPRESENTS ALL OTHER BILLS YOU PAY EVERY MONTH OR EVERY SO OFTEN.
  • DEBT OWED TO CREDITORS –
    • THIS CATEGORY REPRESENTS THOSE THINGS YOU HAVE BOUGHT ON TIME OR CREDIT, AND PAYING FOR ON AGREEMENT (E.G – YOUR CREDIT CARDS)
  • PERSONAL SAVINGS –
    • AMOUNT YOU ARE PAYING YOURSELF AND SETTING ASIDE EVERY MONTH FOR YOU.

Wise Budgeting: Are You Ready? Let’s You Do It!

This is the basic journey to wise budgeting that begins empowering you with self-awareness. Knowing exactly what you have and where it is going all the time. Being focused with a new understanding as to who you are and what you want to accomplish for your family and yourself down the road. Wise budgeting lets you do it and follow the right road to financial success to true happiness.

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Self Improvement

Forget About Impressing Others: Be True to Yourself

Forget About Impressing Others:

Be True to Yourself

Stop and think through your actions and start being true to yourself. Realizing that you do not need to impress others or be more like your friends is never good, just another series of ploys by the Devil to lure us from becoming our own person. He will use others to move you closer to him, promising you the world to get you to follow him with God looking on to see how you respond.

God is always not far away when we stray from the path of goodness and honest living. However, we just need to ask for his help and desire to be held close on our life journey from birth to death. We will meet and pass many people in our lives, who are there at that moment for a reason. We do not have to understand everything at that specific time, but when God is ready and knows we are ready, that reason will be made known. God is preparing us to be the best we can be so we can enter His heavenly kingdom and have no worries. For in that place God is preparing for us, and we just need to prove are love to Him through this life by keeping his commandments.

Avoid “Keeping Up with the Jones es”

If they want to feel superior and above all, just let them. Do not let them pull you down that proverbial rabbit hole with them  though. Be yourself, and happy with what you have. If they like to show off being the first in the neighborhood to have a brand-new Lamborghini let them, just know the chances are they do not own that Lamborghini, their credit or automobile dealer still does and is allowing them to drive it in exchange for payments for the next several years until it is paid off.

Avoid “Being Cool!”

Real happiness is achieved in knowing you own something right now, and that something is YOURS outright that you earned and paid for with your hard-earned dollars. You may not have the fanciest or most up to date house on the block, but knowing you own it is the best feeling in the world.

Parents will l eave their home to their children more often than realized so they have something they can use as a foundation to get a place of their own choosing by selling and dividing the proceeds with their siblings or by giving their son or daughter a source of their hard work to used to find their own place someday as they move forward and start to think about downsizing for their own happiness.


Be True to Yourself! Make Your Own Happiness

Sometimes we dream of owning our own place someday, and our fear of failure often keeps us from trying. Moving out of the family home is a very scary thing, there is a lot out there to be conquered to

shape your world and be happy in it. We tend to feel safe and secure living in our parent’s world and knowing they are there. Sadly, the day will come when they most move forward when their time on Earth with us is up.

My grandmother uses to say, one day I was a teenager and the next thing I new I was a little, old, gray-haired lady – time does not stand still, and we need to learn to make our own choices and decisions. There is no shame in downsizing or finding a place of your own that YOU can afford. We do not need a big fancy home or the best car on the street to impress others, we just need to be true to ourselves and walk in the footsteps of Jesus to find our way HOME to true happiness and goodness.

Your choices in life will help you budget to make sure you always have enough. You do not need to be “cool” or keep up with anyone else. Be yourself, and just be YOU!

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Budgeting in Tough Times Wise Budgeting

Life Got in My Way, But I am Back

As I log in today for the first time in months, I was disappointed to find everything I worked hard on “needing work”. We tend to get complacent and go back to old ways letting life itself get in our way of dreams and ideas we try to build. When I saw the stars today for this site, Try Wise Budgeting with Donna, I was heartbroken and felt I have disappointed for those following me. It won’t be easy, but know I am still here for you.

I Am Back!

It is true I am back to work, almost full time since the outbreak of Covid, but I am still committed to my passion here as well. I know very well how you feel in your struggles with balancing your finances to make ends meet. Yet, disappointed that I seem to have let you down the past few months. Seeing the words that my office space, this website, “needs work” made me feel I have let YOU down, and I don’t like that – I don’t want you to feel that way either.

Recommitting!

So let me share my plan – for the month of April and those months to follow I am committing to just TWO bi-weekly articles a month and asking for your support. I hope you will be inclined to share your experiences and questions with each new post to help me get back on track. I am also going to post a five-minute weekly podcast.

I feel starting with small and very doable steps like this right now will help me re-connect to YOU, and help me to get back on track where my life got in my way, but I am back and want to reconnect with you.

Next Up…

I will be adding the new “Wise Budgeting with Donna” newsletter in May as a seasonal, quarterly issue. It will come straight to your in-box as a PDF as I now some people are more visual and need something they can print out and keep handing to refer back to. Please share your ideas! Let me now in the comments some things you would like to see included in this newsletter.

Still, More to Come…

Well, that is enough for now to work on, especially where I am back to work in the restaurant full time since last July. There is another biggie I want to take on towards the end of this year – but for now, I will hold you in suspense. You will hear more in the months that follow – but right now I feel that best way to get back on track helping people like you budget wisely is slow and steady.

Now It’s YOUR Turn…

Show your support by signing up to receive my newsletter, once it is out – I have a new link to keep all my fans together and to show my appreciation I will share how to get started understanding just where your money is going.  You will be surprised.

Join my tribe NOW! 

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Not Always As It Seems

What is This Angel in my Change – True Worth Identified

Have You Received A Beautiful Golden Angel Coins with Your Change?

Well, I got one from the stamp machine a few years back and put it aside. This evening I came across it again and decided to take a closer look. There was no markings on the outside edge that a true coin generally has stating “In God We Trust”, the year minted and any minting place designation. Then I flipped the coin over and noticed the same Angel image on the back.

Hmm… this Beautiful Angel Coin is NOT a Coin at AllAngel Token

As I googled my description of this piece, it became clear what I had thought was a $1 gold coin was not a coin at all, but a token passed as a coin. The golden finished piece was so beautiful I held onto it think it was just a new $1 coin that came out.

What I Learned About This Is…

It is nothing but a guardian angel token for Good Luck given out by the Catholic Relief Services. There is no gold in “dem dar pieces” either, but the golden finish makes them very appealing to anyone receiving one. I read in a comment on Reddit that some ex-Catholics believe the token is haunted – and another received their coin as a teen and was told that it was a reminder to them that God is always with them in troubling times.1

Well, then I found a site that made it seem more like there is some mystique and promise as I read,  “the Legend of the Angel Coin in that whoever owns one of these is promised love, money, and happiness. The original “Angel Coin” was minted by Augustine Dupre, a nobleman who was commissioned by King Louis XVI in 1792 to design the new monetary currency for France. A firm believer in the power of guardian angels, Dupre incorporated this theme into his design using a mold of unknown material created by an alchemist known only as Le stat.

Years later, when Dupre fell out of favor with the King and was condemned to death, legend has it that he was saved from the guillotine when the Coin he carried as a talisman reflected the sunlight in his jail cell so brilliantly one day that the guard on duty broke into tears at the sight, unlocked the cell door, and let Dupre make his escape.

From that moment on, Dupre’s creation became known as the “Angel Coin”. He considered it a blessing for his life-long belief in angels.” 2

Do These Tokens Carry Any Worth?

Well, as far as monetary or collector value, they have no value other than they are intended to bring a peace of mind to the bearer with a feeling of good luck wished upon them.

What Could I Expect to Get for on Marketplace or at a Flea Market?

Well, if you have one of these token that is worn, you could expect to get less than a dollar. If in fairly good condition, you could get $1. If it is fully uncirculated, you could ask $4.00 for it. As for this token, and I am not a Catholic just a humble Episcopalian, and I think I will make a necklace out of it and ask God to please bring good luck to whoever wears it.3

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1 (Does the golden Catholic double-sided angel coin have any meaning into it?, 2020)

2 (The Legend of the Lucky Angel Coin, n.d.)

3 (Token US Catholic Relief Guardian Angel Good Luck, 2015)