Creating Your First Budget

Creating and sticking to a budget can be incredibly overwhelming if you don’t know where to start. Most of us are not 100% sure where our money goes every month and this is a problem if you have big financial goals. So to make budgeting a little less scary, I’ve broken down some simple steps that will help you get a handle on your personal finances and start

Get Real, Real Quick

You need to fully be aware of your financial situation if you’re going to budget effectively. That means really taking a look at where your money is going each month and what your current debts are. Sit down and do a complete audit of your monthly spending. That means actually looking at your bank account statements. Add up everything you spent money on and where it was going. Using different categories to figure out what could possibly be changed will be super helpful. Below is a list to help get you started:

  • Eating Out
  • Groceries
  • Utilities
  • Rent/Mortgage
  • Subscriptions (Spotify, Hulu, Netflix, Audible, etc.)
  • Gas/Transportation
  • Shopping
  • Daycare
  • Misc. Expenses
  • Savings

Decide on a Plan

Once you’ve taken the time to figure out where your money is going, then it’s time to decide where you want it to go moving forward. I recommend figuring out if your primary goal is debt payoff or saving. If you have large debts accruing lots of interest, you may want to focus on debt payoff (I’ll share more about this later this month). If you are debt free or your debts are minimal, then a savings focus budget is in order. The important thing is to be honest with yourself about where you need to focus your energy. Remember this is not a punishment and budgeting is helping you towards your financial goals.

Get Creative

I’m a pen and paper person which means I have a designated notebook that has our monthly and weekly budgets. If you’re an Excel guru, then create an electronic budget template. There are tons of apps and resources online but trust me when I say, keep it simple. You don’t want to dread your monthly budgeting task so if purchasing a cute notebook to keep track of your monthly spending motivates you, then do that! Do what feels reasonable and effective for your current lifestyle.

Be Realistic

When creating your monthly budget, you need to be realistic about the amounts you set for each category. If you commute an hour to work every day of the week, a $150 monthly budget for gas is not going to cut it. Likewise, you don’t want to associate guilt with things that fall outside of the “responsible” budget items. If coffee out with a friend 3 times a month is something you value, then build that into your budget. If your finances are in dire need for intervention that’s one thing, but if you’re just getting your feet wet with budgeting and still want to live your life, acknowledge and document your fun money spending and assess whether you can afford the extras or if you need to cut back.

Make the Commitment

Creating a budget is the easy part. The hard part is actually sticking to your guns when it comes to excess spending. Sale prices, discounts and “save now” benefits are not actually saving you money if you’re buying things you don’t actually need. Focus on what you budgeted for and know that if you are purchasing outside that plan, then you will need to cut spending elsewhere. This will help keep you on track.

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Hi, I’m Laura.

Hi, I’m Laura. I’m the younger sister in this duo. I’m a creator but the kind that sits behind a computer and makes things pretty. Im not very public by nature, but very much enjoy connecting and collaborating with other people. I’m so glad you’re here!

I’m a mom, a wife, a graphic designer, a coffee guzzler, cheese lover. For years I have designed for others, branded businesses, created logos. I love what I do! But I have always aspired for more outside of my career. I think my sister Emily and I share that.

For years we have dreamt up big ideas together and collaborated in all aspects of our lives. From the beauty products we use, recipes we’ve tried, to raising our babies, we are constantly trying new things and learning from each other.

And that’s how we came up with the idea to start a blog. “Wellness” holds a different definition for everyone. It’s what works for you and makes you feel good. So were here to share what makes us feel good and we hope you will stop by every once and a while and find something pretty or useful to use in your everyday life.

xoxo

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Hi, I’m Emily.

The older, yet not always wiser sister, my name is Emily and I’m excited to be embarking on a new wellness endeavor with my built in bff. I’m the talker, the joiner and the over achiever but motherhood has changed my life so much and doing this thing alongside my sister has only added to the magic of being a new mom.

I live in southern Minnesota with my husband, our 9 month old, Violet, and a giant black lab puppy named Josie. I talk for my job, travel all across southern MN and office out of my home. This means I have to be creative and mindful in my wellness pursuits- our life is not built for routine! I spend my days learning about safer products & healthier eats, exploring new ways of fitness, drinking far too much coffee, loving on our girls and listening to all the true crime podcasts I can get my hands on.

Wellness to me means embracing the journey towards health in all areas of life. Balance is not something that comes naturally to me so focusing on doing what we can, with what we got while sharing that journey with others fills my (coffee) cup. So if you’re into that sort of thing, I think we’re meant to be friends. Take a peek at some of the awesome recipes, cleaner swaps, wellness tips and mom moments we have to share with you.

Cheers!

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