Lindsey:
00:00:00
Hello, hello and welcome to the season one finale
2
:
00:00:06
of the Money Clarity Podcast.
3
:
00:00:09
I am your host, Lindsay Ciarrocca.
4
:
00:00:11
YNAB certified coach,
certified money coach.
5
:
00:00:14
And as you probably know by now, total
budget nerd and very proud crazy cat lady.
6
:
00:00:22
Before we get into today's topic,
I just wanna take a moment to say
7
:
00:00:26
a massive thank you, whether you've
been with me since episode one, or
8
:
00:00:32
you just found me recently, I am.
9
:
00:00:35
So grateful you've spent part of
your days with me this season.
10
:
00:00:40
My mission is to help you use money
as a tool to live your greatest life.
11
:
00:00:46
And it has been such an honor to
hear your stories and to see you
12
:
00:00:51
gaining clarity around your finances.
13
:
00:00:55
So thank you.
14
:
00:00:56
Thanks for being here, and I
appreciate each and every one
15
:
00:00:59
of you listening every week.
16
:
00:01:02
All right.
17
:
00:01:02
As we are wrapping up this season,
I wanted to leave you with one
18
:
00:01:06
of my favorite budgeting tips
that might just give you a little
19
:
00:01:11
bit of instant peace of mind.
20
:
00:01:14
I've talked about this before,
but I wanted to leave you with
21
:
00:01:17
this reminder on sinking funds.
22
:
00:01:21
If you've ever felt like your budget was.
23
:
00:01:24
Broken because an annual bill popped up
or your car needed new tires, sinking
24
:
00:01:32
funds might just be your new best friend
In the YNAB world, we call this Embracing
25
:
00:01:38
your True Expenses, and I talk more about
YNAB's four original rules in episode 14.
26
:
00:01:45
So go ahead and go back and listen
to that one if you haven't already.
27
:
00:01:49
Basically what this means is that.
28
:
00:01:51
We are taking those big,
scary non monthly costs.
29
:
00:01:55
Maybe those ones that are going
to happen someday, but we have no
30
:
00:01:59
idea when, and breaking them down
into manageable monthly bites.
31
:
00:02:05
So I'm gonna give you
a cat example for this.
32
:
00:02:09
As you might know, I have three cats and
while, they're basically my children.
33
:
00:02:15
The last thing I want is to end up at the
Emergency Vet with a $1,200 bill where I'm
34
:
00:02:22
just handing over my credit card thinking,
I know I don't have the money for this,
35
:
00:02:28
but I literally don't have another option.
36
:
00:02:33
And trust me, I've been there.
37
:
00:02:35
I remember that exact moment
in the ER vet years ago.
38
:
00:02:40
I can see it.
39
:
00:02:42
Standing there at the counter, leaving
and handing over my credit card and
40
:
00:02:45
just knowing we didn't have the money,
no idea how we were gonna pay for that.
41
:
00:02:52
You know, maybe you've experienced
something similar with one of your pets
42
:
00:02:56
or your kids, or maybe just a car repair
in the past when you don't have money set
43
:
00:03:03
aside for those expenses, that Bill might
have felt like a financial emergency.
44
:
00:03:09
But now I have a cat medical sinking
fund right there in my YNAB budget.
45
:
00:03:16
This is where I set aside a little
bit of money every single month.
46
:
00:03:20
And since I'm not spending from
this category regularly, the money
47
:
00:03:23
just sits there and adds up waiting
for the day when it's needed.
48
:
00:03:29
Like last year we had another ER
vet for one of our other cats,
49
:
00:03:34
but this time we had over $700.
50
:
00:03:37
Just ready and waiting
for that specific expense.
51
:
00:03:42
So we were able to focus on
our kitty rather than how
52
:
00:03:46
much the bill was going to be.
53
:
00:03:49
And fun fact, the bill actually
ended up being just under the total
54
:
00:03:53
amount we had in that category.
55
:
00:03:55
So it was such a relief just knowing
I'm gonna hand over my card, but I
56
:
00:04:00
have the money waiting to pay the bill
57
:
00:04:04
that is the power of a sinking fund.
58
:
00:04:07
It turns a potential crisis into
just another Tuesday afternoon.
59
:
00:04:15
Inside my membership, the Empowered
Money Circle, sinking funds are
60
:
00:04:18
going to be our topic of the month.
61
:
00:04:20
For April,
62
:
00:04:21
we are going to be diving deep into
identifying those hidden expenses
63
:
00:04:26
that usually trip us up and get
them set up so that you'll never
64
:
00:04:31
have to stress about them again.
65
:
00:04:33
If you're looking for some support to
help set up your own sinking funds,
66
:
00:04:36
I would love to see you inside the
membership, and if you've been thinking
67
:
00:04:41
about joining us in inside the membership.
68
:
00:04:43
I wanted to give you a heads up that
the price for the Empowered Money
69
:
00:04:46
Circle is increasing on April 1st.
70
:
00:04:50
So if you are listening to this
in real time, right now is the
71
:
00:04:54
moment to lock in the current rate.
72
:
00:04:56
If you join before the price increase,
you will be locked into the current rate.
73
:
00:05:01
As long as you are a member,
you'll be able to jump into
74
:
00:05:04
learning more about sinking funds
75
:
00:05:06
as well as all of the core course
material, and this is exactly what I teach
76
:
00:05:11
my clients in my one-to-one coaching.
77
:
00:05:13
I've taken it all and put it all
inside the membership for you.
78
:
00:05:17
Plus I'm also just about finished
with a 90 day plan so you
79
:
00:05:22
know exactly what to work on.
80
:
00:05:24
As soon as you jump in.
81
:
00:05:26
Head over to theexuberantelephant.com/emc
82
:
00:05:32
for Empowered Money Circle.
83
:
00:05:33
To join us now.
84
:
00:05:37
All right.
85
:
00:05:37
A few final thoughts as we
wrap up this last episode.
86
:
00:05:41
Like I mentioned, this is the end of
season one and I'm gonna be taking
87
:
00:05:46
a little bit of a break in between
seasons, but I will be hanging out inside
88
:
00:05:49
the Empowered Money Circle every day.
89
:
00:05:52
You can also hop on my email list if
you aren't already, and you will still
90
:
00:05:55
get to hear from me every single week.
91
:
00:05:59
But again, I just wanna say thank you.
92
:
00:06:01
Thank you for joining
me on this first season.
93
:
00:06:03
It's been a wild ride.
94
:
00:06:05
It's been fun, and it's been a
pleasure to be able to get to talk
95
:
00:06:10
to you about this stuff every week.
96
:
00:06:12
And remember my final thought.
97
:
00:06:14
As always, money should be a tool to help
you live your biggest, wildest dreams.
98
:
00:06:23
I want you to go out there and
spend and save with confidence.
99
:
00:06:29
I will talk to you next season.
