3 Steps to Prepare for Financial Change


In October, the Mr. will be leaving his job when his company closes their Denver office. Although that is never the way you want it to go, he has been working on launching a company and we feel this is the Universe saying, “Well...what are you waiting for?.”

So, we’re taking a leap.


Ya’ll know I’m a planner!  

This shift means cutting our income in half (Whaaaat!?).  Yes indeed. But we’ve done it before, and we can do it again.  This is the “why” we keep our money game in check, because we want to be able to leap with some sort of safety net.

I’m not going to lie, we just spent a lot of money building a garage and doing our landscaping less than a year ago and as we’ve both been building businesses, our focus hasn’t necessarily been on quickly building back that 6 month fund. So that means, we have to REALLY put some focus into this transition.

When you are facing a big financial shift and you have the luxury to plan for it, start here:


Oh yeah.  It’s time to take a look at the budget with fresh eyes and a new income number.  What are our fixed expenses and variable expenses? And what are we willing to shift?  Remember, this isn’t simply about cutting expenses, it’s also about exploring how can we make more money so we don’t have to give up so much. Budgets go both ways! And when you own a business, this budget process has to extend to that as well. 


As we take a look at our expenses, we are also looking at our investments. We don’t want to eliminate these, but we might need to shift them a tad.  When you commit to paying yourself first, it rarely gets back on the table. Meaning, you don't want to give it up. Resist the temptation to eliminate your retirement and savings contributions completely and first see how you can adjust your other expenses. 


This seems like a no brainer, but you'd be surprised. I’m the one who usually crunches all of the numbers, but then we sit down together and review everything. YOU HAVE TO BE ON THE SAME PAGE. Changing your budget means you are changing your behaviors and if only one person is rowing...that boat isn’t gonna get far! Guess what? It might be uncomfortable. But trust me, it will be more comfortable than some of the conversations and situations that could happen as a result of not having it.  Think of it this way: you can’t afford to NOT talk about money when you are experiencing financial shifts.

I’ll be talking more about this journey as we continue with this new beginning!  

Speaking of new beginnings: I FINALLY put The School of Betty on Pinterest (like yesterday).  Follow me if you love to Pin!  

Have a kickass week!

Livin’ & Lovin’ 

P.S. What is your one struggle with money right now?  Reply in the comments. 

P.P.S. Ready to get crackin’ on a budget?  You can join my Betty Budget Basics course here. Ten quick lessons to get you movin' in the right direction.