I Overcame a Zero Budget Challenge! | Budget Bestie Ep15 | Budget with Ira

by | Jul 17, 2023 | Rollover IRA | 7 comments




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Have you ever found yourself in a situation where your budget has completely crashed and burned? It can be disheartening, to say the least. But fear not, because in the latest episode of Budget Bestie, Ira comes to the rescue by showing us how to fix a back-to-zero budget.

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In the fifteenth episode, titled “I Fixed a BACK TO ZERO Budget!”, Ira takes on the challenge of helping a viewer who is struggling to regain control of their finances. With her practical tips and step-by-step guidance, Ira demonstrates how it’s possible to reset a budget and start fresh.

The episode begins with Ira having a candid conversation with the viewer about the reasons behind their budget downfall. It’s crucial to identify the root cause of the problem in order to prevent history from repeating itself. Is it overspending? Lack of tracking expenses? Irregular income? Ira delves into these questions and more to understand the situation better.

Once the issues are identified, Ira dives into the nitty-gritty of fixing the budget. She walks the viewer through the process of creating a realistic budget that suits their lifestyle and financial goals. From evaluating income sources to prioritizing expenses, Ira offers invaluable insights and practical advice that can benefit anyone struggling with their finances.

One of the highlights of this episode is Ira’s emphasis on cutting unnecessary expenses. It’s no secret that unnecessary spending can quickly derail a budget, so Ira encourages the viewer to take a closer look at their expenses and distinguish between needs and wants. By adopting a more mindful approach to spending, it becomes easier to allocate funds strategically and regain control of your financial situation.

Moreover, Ira stresses the importance of tracking expenses diligently. This step is crucial in order to stay aware of where your money is going and to identify areas where you can potentially save. Whether it’s utilizing budgeting apps, spreadsheets, or good old-fashioned pen and paper, Ira provides various tools and techniques to make expense tracking easier and more efficient.

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Throughout the episode, Ira not only provides useful budgeting advice but also serves as a source of motivation and encouragement. She understands that mistakes happen and that nobody is perfect when it comes to handling finances. However, she firmly believes that with persistence and dedication, anyone can get back on track and rebuild their budget from scratch.

“I Fixed a BACK TO ZERO Budget!” is an episode that showcases Ira’s expertise and passion for helping others achieve financial freedom. Her practical tips, relatable approach, and positive attitude make it a must-watch for anyone looking to reset their budget and take control of their financial future.

So, if you’ve ever found yourself in a back-to-zero budget situation, look no further than Budget Bestie with Ira. Let “I Fixed a BACK TO ZERO Budget!” be your guiding light towards a brighter and more financially stable future.

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7 Comments

  1. Lyn Noorman

    Hiya from having a very frugal background for years – ring up all providers and negotiate with them! Just done it with my electricity company and got nearly £100 off what they wanted me to pay monthly. My phone, ( which i own) only costs me £7 per month with SKY and thats with 5G. Rarely use data outside of house and wifi so that keeps bill down too. Brilliant series idea! Ive just found you but i will be following!

  2. The Still Trying Mama

    Thank you for your suggestions and advice! I enjoyed your video ❤

  3. Stephanie Leader

    Also a tip to squeeze a few more drops out is to put aside anything left over at the end of each month from spending and social, then when it hits £50-100 somewhere in there, make an extra payment 🙂

  4. Tracey Holliday

    Look into intrest free credit card transfer possible if loans high int rate and if can ne good not to use it. Agree witj another comment sinking fund for moving out if any leftover envelopes but suppose that could come under emergency/ 1 month ahead.

  5. Christine OReilly

    You did a great job figuring out this budget.❤

  6. Jacqueline Roumou

    Great suggestions. You are correct. Your budget should include self care.

  7. Sophie Holmes

    I pay £93 a month for my phone bill and I can’t decrease it any way without having to pay off the remainder and basically pay for a new contract. I’m with EE but will be moving to another network once my contract has ended.

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