Money Files: Wealth Over Now Keina Newell

Whether you make $100,000 or $1,000,000 a year, your financial habits will follow you. Many clients think their money problems will disappear when earnings increase, but it doesn't matter how or when you get paid; it matters how you think about and manage your money.



Today's episode continues the podcast series about paychecks. I address common mistakes people who get paid once monthly make and share strategies to manage these paychecks confidently. From detailed budgeting to creating a second payday, I share healthy financial habits to help you break the paycheck-to-paycheck cycle. 



Stay tuned for insights on these topics:


[01:45] It doesn’t matter how you get paid: paycheck series recap


[07:16] Getting paid once a month


[09:52] Creating a second payday





Tune into this episode of Money Files to learn how to manage your finances in a once monthly paycheck cycle.



Get full show notes and the episode transcript: https://wealthovernow.com/creating-a-second-payday-how-to-manage-money-in-a-once-monthly-paycheck-cycle/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Download my FREE spending plan

In this installment of the podcast series about maximizing your paycheck I am talking about extra income on payday. Overtime, bonuses, and side hustles are a great way to make additional money, but how should you account for this income in your budget?



I want you to be thoughtful, purposeful, and intentional about how you’re paid so you can better manage your money. Properly allocating extra income is crucial to breaking the paycheck-to-paycheck cycle.



The most important thing to remember about extra income is that it is not guaranteed. Bonuses can change, and overtime can be limited, so relying on that money in your budget can throw off your financial plans if you’re not intentional. Learn what money goals to assign to your extra income and why these potential earnings don’t need to be a part of your monthly budget. 



Every dollar you make has a job, so listen to how to make the most of your additional income. Stay tuned for insights on these topics:


[02:00] Examples of extra income


[03:25] Why you shouldn’t count extra income in your budget


[06:00] Using extra income to hit discreet goals


[07:17] Why budgeting and a spending plan is important





Tune into this episode of Money Files to learn how to leverage extra income on your paycheck and why you shouldn’t use it when creating a budget.



Get full show notes and the episode transcript: 

https://wealthovernow.com/optimize-your-earnings-what-to-do-when-you-have-extra-money-in-your-paycheck/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Download my FREE spending plan

This is the third episode of my podcast series about paychecks. Today, I discuss bi-weekly and twice-monthly pay cycles.



It doesn't matter how you get paid; it matters how you think about and manage your money. Whether you get bi-weekly or twice-monthly paychecks, zero-based budgeting is essential. I provide a practical framework for calculating your monthly spending plan based on your pay schedule and how to account for extra income. Most importantly, I stress the importance of maintaining a consistent budgeting approach regardless of pay frequency so you can spend drama-free.



Following these strategies will build financial confidence and break the paycheck-to-paycheck cycle. Tune in to learn more about budgeting for your pay cycle and transforming the way you think about and manage your finances. 



Stay tuned for insights on these topics:


[02:30] Bi-weekly vs. twice monthly paycheck cycles



[04:10] The illusion of making less or more



[05:20] Zero-based budgeting for bi-weekly and twice monthly pay cycles



[07:25] Misconceptions about the 3rd paycheck



[10:58] Importance of a spending plan





Tune into this episode of Money Files to learn how to manage your finances with a bi-weekly or twice monthly pay cycle.



Get full show notes and the episode transcript: 

https://wealthovernow.com/understanding-your-paycheck-cycle-bi-weekly-vs-twice-monthly-paychecks/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

Paycheck Series: Build the Habit of Checking Your Pay Stub - Wealth Over Now

Download my FREE spending plan

Navigating your pay stub as a freelancer or 1099 contractor can feel daunting especially when you’re responsible for paying your own taxes or navigating fluctuations in pay.Today, I discuss paycheck management strategies for people who work as freelancers or 1099 contractors as a primary source of income. 



From tax-saving strategies to creating a PTO system for yourself, I guide you through essential steps to manage your money effectively as a 1099 contractor. Whether you are new to freelancing or a seasoned contractor, this episode offers valuable insights to optimize your paychecks, prepare for the future, and hit your money goals. 



Tune in to learn how to navigate the complexities of earning a 1099 income and set yourself up for financial success!



Stay tuned for insights on these topics:


[03:00] System for saving for taxes


[04:31] Accounting for expenses


[05:58] Creating a PTO savings account


[07:15] Giving yourself a paycheck


[08:42] Planning for retirement


[10:03] Consider forming an S-corporation


[14:30] What to do when your 1099 is a side hustle





Tune into this episode of Money Files to learn how to manage your paycheck as a 1099 contractor.



Get full show notes and the episode transcript: 

https://wealthovernow.com/paycheck-series-how-to-manage-your-paycheck-as-a-1099-contractor/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now16 | How Lourdes Learned to Manage Fluctuating Income

Checking your pay stub is not just a financial task, it's a habit that can transform your financial journey. You may be used to the rhythm of your paydays, knowing when that deposit hits your account. But how often do you actually scrutinize your paystub? Let's start building this crucial habit together.



In today's episode, I underscore the importance of checking your pay stub. If you want to spend drama-free, you have to know your numbers. The first step is understanding every detail about your paycheck, noticing fluctuations or unexpected deposits, and staying informed. Whether there are changes in payroll processors, shifts in benefit deductions, or misunderstanding a bonus structure, building the habit of checking your pay stub puts you in control of your numbers.



Stay tuned for insights on these topics:


[01:09] Make a habit of checking your pay stub



[02:10] check at the beginning of the year


[04:30] check every payday


[06:46] check for bonuses and overtime



[08:35] Noticing fluctuations in pay





Tune into this episode of Money Files to why it is important to build the habit of checking your pay stub. 



Get full show notes and the episode transcript: 

https://wealthovernow.com/paycheck-series-build-the-habit-of-checking-your-pay-stub/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

How Fake Math Is Killing Your Budget - Wealth Over Now

In 2024, I want to help you earn more money! Today, I am joined by Leigha May to continue the conversation about under-earning. Leigha is a career and executive leadership coach who helps her clients get the pay they deserve. 



Leigha shares everything you need to know about under-asking. We discuss the tendency to under-ask based on limiting beliefs shaped by our upbringings and societal influences. We also talk about the importance of seeing your paycheck as a business transaction, focusing on the value you bring to the organization rather than personal worth.



Then, we tackle practical strategies for negotiating salary increases and confidently advocating for yourself. Whether you want a pay bump in a current role or are actively searching for a new job, Leigha's invaluable insights will help you earn more money!



Stay tuned for insights on these topics:


[02:20] What is under-asking


[05:30] Leigha’s journey


[09:20] Common pitfalls


[12:12] Asking for more in a current role vs. job hunting


[22:24] Determining your value





Tune into this episode of Money Files to learn how to stop under-asking, earn more money, and get a salary you deserve.



Get full show notes and the episode transcript: 

https://wealthovernow.com/how-to-stop-under-asking-and-get-the-salary-you-deserve-with-leigha-may/



Links mentioned in this episode…

Set up a call | Financial Coach Washington, DC | Wealth Over Now

EP. 120 3 Essential Steps to Auditing Your Money Team for Financial Growth

Leigha May Coaching

Submit a HR Note to Leigha’s Podcast

30 Day Confidence Challenge

The Worklife Coach Podcast