Episode #508

Can you really be a one-income family in 2024? Not if you don’t know how to budget! To achieve her money goals while living on a single middle-class income, Emy knew she had to take control of her finances and seize any opportunity to save money. Single or married, you’ll learn to do the same in this episode!

Welcome back to the “BiggerPockets Money” podcast! Today, we’re chatting with budgeting coach Emy Lee, who was able to achieve her lifelong dream of being a stay-at-home mom by cleaning up her family’s finances. Of course, this was no easy feat. Growing up, Emy was taught very little about personal finance. It was only after shifting her mindset, creating a budget, and building smart money habits that she was able to make raising a family on one income a reality.

In this episode, Emy shares some of her top budgeting tips—from saving money on groceries to avoiding common spending triggers. You’ll also learn about the 50/30/20 rule that makes budgeting easy, the “spendfluencing” problem to be mindful of when scrolling through social media, and the budgeting hack people with irregular income can use to keep their finances in order!

Show Notes at:
https://link.chtbl.com/Money
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Slash Your Food Budget by $150+ Per Week with EASY, Healthy, and Tasty Meals: https://www.biggerpockets.com/blog/money-405?utm_source=youtube&utm_medium=description&utm_campaign=none
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Food Spending Eating Away at Your FI Plans? Here’s How to Eat for Cheap: https://www.biggerpockets.com/blog/money-299?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Emy:
Instagram: @emyxbudgetsahm or https://www.instagram.com/emyxbudgetsahm/
TikTok: @emyxbudgetsahm or https://www.tiktok.com/@emyxbudgetsahm
Website: https://stan.store/emyxbudgetsahm
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00:00 Intro

01:27 Becoming a Stay-at-Home Mom

04:39 The “Mindset Shift” & Budgeting 101

09:30 Life as a Budget Coach

12:50 Emy’s Top Budgeting Tips

18:40 The “Spendfluencing” Problem

22:08 Common Spending Triggers

28:52 Connect with Emy!

29:33 Focus on Your Money Goals!