About Alli Williams: Alli Williams is the CEO of FinanciALLI Focused, where she helps people create a flexible financial plan they can actually stick to (no deprivation here!). She believes you can pay off debt, save, and spend all at the same time. She has her MBA in Finance and lives in South Carolina with her husband and son.
In this episode, Jamie, Heather and Alli discuss:
What budgeting is all about and how amazing it can be
Practical tips on budgeting for beginners and misconceptions about budgeting
Why you don’t need a formal budget meeting in your relationship
Balancing finances as a budding solo entrepreneur
Budgeting is essentially all about telling your money where to go
Start tracking your expenses. Try it for a month. Think about if your money is actually going to the right places. Oftentimes it’s the untracked little expenses that sink the budget.
Make the topic of finance more conversational and less formal. Normalize the topic, make it easier and more casual to talk about in your relationship.
Start a sinking fund or separate budgets for each specific purpose or big projects.
"Cover things that are important… think of yourself as an individual and also as a couple." — Alli Williams