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By Sarah Li Cain 2 Comments

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Stressed About Budgeting? Here’s What You Can Do

Does budgeting give you the heeby jeebies? Don’t worry, it does for me too. Whether you’ve never started one or were so frustrated in the process, having a plan for your money isn’t a bad thing. Before looking at some of the tips to help you with budgeting, let’s talk about why many people get scared about budgeting. The most common reasons I found is that people feel like they have to deprive themselves when they’re on a budget. They think of that they have to cut back on all this stuff and they’re not willing to do that. That’s absolutely not true. [Read more…]

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What Does it Mean to Be Compassionate With Your Money?

Sarah here. I heart emails from y’all so much. So much so that I’m doing this series where I answer your burning questions. Here we go! Thanks Olivia for asking today’s question about family debt: I keep hearing you mentioned that you have to have compassion when you’re figuring out your money. What does that mean? [Read more…]

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Scared You Won’t Earn Enough Money? Here’s What to Do

This is an ongoing series where you ask and I answer!

Here we go!

Thanks Tyler for asking today’s question about earning enough money:

I’ve been side hustling as well as taking classes at night so that I can apply for a promotion at my job. I’m scared that this is not enough to support my family and my growing expenses. Can you please help?

Great question Tyler, and this is something that I and many other people actually deal with on a monthly basis. It doesn’t matter how much income you earn, whether you’re living paycheck to paycheck or you’re earning $100,000 a year. These feelings are going to crop up from time to time.

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How to Skyrocket Your Mindset Making Money on The Side

Want to skyrocket your mindset so you can make more money on the side? If you’re like so many out there, 90% of time, once your mindset in check, then you’ll figure out how to make it work. It wasn’t until I got a better money making mindset that I actually grew my income to the point where I can take take it full time. I invited Taylor from the blog Taylor Talks Money to talk about her experience with various side hustles. She talks about some of the mindset shifts she’s had to make including figuring out how to maximize her time and getting over earning pennies. Read Taylor’s interview below then check out the video to see some insights and tips I have for you. [Read more…]

By Sarah Li Cain 2 Comments

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Taking a Pay Cut: Elaine Went From Making 70K to $600 a Month

Elaine Rau from Ladyboss Blogger decided to share her money story and I had to share. If you ever took a leap of faith (including taking a pay cut like she did), then you’ll definitely relate to her story. Take it away Elaine!

I was given the nickname “the job collector” because I worked for so many companies with all kinds of positions. I usually worked about two to three jobs at once before I would move on. Even though people told me it wasn’t a good idea to job hop that often, I just didn’t know what I wanted to do. Each job taught me something different. [Read more…] about Taking a Pay Cut: Elaine Went From Making 70K to $600 a Month

By Sarah Li Cain 5 Comments

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7 Mindsets You Must Have When Paying Down Debt

Paying down debt is stressful, I get it. When I was broke, jobless and had $9,000 worth of credit card debt, all I could think about the mess that I was in.

It wasn’t until I got over my feelings buckled down and implemented a plan that things started to get better.

Don’t get me wrong. I’m certainly not saying that you completely ignore your feelings when you’re trying to better your situation. Paying down debt is so much more than just putting money aside. It’s about wrapping your head around a situation, and pushing yourself to achieve a goal. A pretty hard one might I add.

It doesn’t matter how much you need to pay back. Once you lay a good foundation for eliminating your debt, it’ll be much easier (though not easy). How do you lay a good foundation?

By mastering your mindset of course (if you’re a first time visitor, this is what this blog is all about).

I’ve outlined seven crucial mindset shifts you must have when paying down debt.

By Sarah Li Cain 4 Comments

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5 Money Mindset Strategies You Need to Master Your Money

You’re a smart person and you know it. It’s not that you don’t know what compound interest is or how self-care is crucial to your finances.

It’s more like you’re playing Jedi mind tricks with yourself.

Yeah, navigating around our money mindset is tricky stuff. You constantly hear that you need to be more positive and learn more ways to manifest money to be rich. Puleaze.

I’m a pretty optimistic person and I still got into debt. It took me many many years before I got a much better handle on my finances. It wasn’t until I got real about what my mindset was around money that I started to see my bank account grow. [Read more…] about 5 Money Mindset Strategies You Need to Master Your Money

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What Can I Do To Help With My Family Debt?

This is an ongoing series where you ask and I answer!

Thanks Teresa for asking today’s question about family debt:

I have a relative with huge credit card debt who is only paying the interest due. In the meantime unnecessary purchases and ‘treats’ such as restaurant dining are daily instead of saved for special occasions. Everything regarding why this needs to stop has been said. Any advice? The relative reacts as if you are waving a red cape and trying to provoke anger if you say anything they don’t want to hear.

I’m sorry to hear you’re going through this! Believe it or not, this is a HUGE problem and I get asked this question all the time.

By Sarah Li Cain 2 Comments

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3 Tools to Help You Use Your Credit Card Wisely

With great power, comes great responsibility.

Sorry, I couldn’t help it. Every time I think about credit cards I keep thinking about how they’re like knives. They’re powerful and can get the job done, but one wrong move and you’re in deep trouble.

I love credit cards, I really do. They can help you out with so many things like get rewards points and bump up your credit score. However, it’s also super scary because for spenders, you can get into trouble when you spend more than you have in your bank account. It’s makes sense why so many people recommend that you cut up your credit cards if you’re heavily in debt.

In my opinion, that’s just a temporary solution. You need to think about why you got yourself into deep credit card doo doo in the first place. There are actually some tools out there than can help you use your credit card wisely.

Note that these tools aren’t meant to tackle the mindset issues related to your credit card. Rather, they help you keep an eye on your credit card behavior so you can start working on your habits.

By Sarah Li Cain 4 Comments

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Your Friends Cause You to Overspend? Here’s What You Can Do About It

Note: This is an excerpt of my new book The Authentic Budget: Harness Your Personality to Manage Money Like a Pro On Your Own Terms.

You may be on the right track with your money, but things will get complicated when other people get in the mix. This is especially true if you have people around you who aren’t as savvy with money as you are. Sadly, the extra money in your bank account won’t guarantee you genuine relationships with people who will fully support your new way of looking at money. [Read more…] about Your Friends Cause You to Overspend? Here’s What You Can Do About It