- Oh, summer is coming to an end.
Can you believe it?
Time just flies,
and I know summer for me,
I jump off every bandwagon that I was on,
everything that I was like,
oh, this is gonna be so scheduled and so great
and so perfect.
Everything just kind of goes crazy during the summer.
So I decided for this episode,
we need to talk about getting back on track
and being healthy
in all different kinds of areas in our life.
Everything from fitness to nutrition, fashion,
and even our relationships.
So this episode, I'm gonna bring some friends on
to talk about each one of these subjects.
But first, of course it's The Rachel Cruze Show,
so we're gonna talk about how to be healthy
with your money, yes.
Again, this is something that so many of us,
we kind of just lag and it's like,
oh, it's just summer, it's not a big deal.
We don't really look at the budget and focus.
But now, you guys, summer's almost over,
so it's time to get back on track
when it comes to our money,
and the number one thing,
I can't stress this enough,
that is going to help you win with money
and be intentional, is doing a budget.
It's like the drum I beat
through this whole series
because this is such a big deal.
Doing the budget means that you are being purposeful,
you are being intentional
and you're telling your money what to do.
It's really the only way
that you're gonna win financially.
So when you're looking at a budget quickly,
there's a few percentages for you to know
when you're laying out a budget,
because your budget, in a perfect world,
is going to be a zero-base budget
which means your income for each month
minus all of your expenses equals zero.
So every dollar coming in is assigned to a category.
So here are a few categories to get you started
if you've never budgeted before.
You always wanna start with giving,
and you're gonna give around 10 to 15% of your income.
You're gonna save some money,
around 10 to 15%.
Housing, so your mortgage or your rent,
should be around 25 to 35% of your take home pay.
Utilities, five to 10%, food, 10 to 15%,
transportation, 10 to 15%,
health, 5 to 10%, insurance, 10 to 25%,
personal, 10 the 15%,
and recreation, five to 10%.
Okay, rule number one when you hear all this:
these are recommended percentages, recommended.
So some of you living in San Francisco are,
may have a different percentage
than those of you living in Strasburg, North Dakota.
It's gonna be different,
it's going to be different.
So again, these are recommended percentages.
And rule number two, the order is important.
So, we always wanna be giving first
nor matter where you are in your money journey,
whether you're getting out of debt,
you're saving up for an emergency fund,
I don't care where you are,
you need to be giving something.
I always tell people to give a little
until you can give a lot,
because when you are giving,
what's happening is emotionally,
you're starting to live your life with an open hand.
When you start to let go of your money
and help other people
and you're putting your money toward something
that you yourself are passionate about
when it's helping someone else,
what that does is that affects
every other aspect of your life.
You start to become more selfless versus selfish,
and let me tell you,
in our world today, this is a very important quality to have
because my goal for you is through this whole thing,
is to win with money,
and I want you to build wealth,
I want you to be able to have an awesome lifestyle
and enjoy your life.
But if you're not giving when you have a little bit,
it's gonna be very difficult for you to give
when you have a lot, so start now.
Also, you wanna be saving second.
You wanna make sure that you are saving
some type of money every month.
Those of you working to save up for an emergency fund,
maybe it's for that.
Also, we have recommended percentages
for things like insurance,
and this is really important
because this can factor into your life
when you're creating your budget,
because life insurance is something
that everyone needs.
It is a must if you have a family,
no matter where you are on your debt-free journey.
So some of you might be thinking,
oh, I can't afford life insurance right now.
But, you may not know how affordable
term life insurance really is.
So for instance, a healthy 35-year-old husband and wife
each shopping for half a million dollars in coverage
can pay as little as $41 a month combined
for a 20 year policy.
Winston and I, we trust Zander Insurance
to cover our family's needs
and cannot recommend them highly enough.
Their team will find the best rates for your family, too,
making sure that you have the best coverage available.
So make sure to go to zander.com
or click the link below to get started today.
It only takes a few minutes to set this up,
and it will give you peace of mind
knowing that your family's future is financially secure,
and it is totally, totally worth it.
So again, those are some things to remember
as you're looking at the budget,
and again, your budget is something
that you need to do
if you wanna win financially.
It can be difficult for some of us,
especially if you're a free spirit, like me,
but staying on track and being intentional is so key.