Categories
Budget

There’s no such thing as an extra paycheck

Do you ever get excited at the prospect of a 3 paycheck month? Or do you think your bonus is “extra” money?

Well, tough love friend, but we’re here to tell you why that’s not true
Check out our latest mini-coaching video on our YouTube channel where we explain how when you’re focused on your goals & your best future, there’s no no such thing as an extra paycheck!

If you can’t watch the video, here are the key points:

There is no such thing as an extra paycheck

  • Very often we think that third paycheck at the end of a month is awesome and extra. In fact, it’s typically going to have the job of paying your bills that are due in the first two weeks of the next month. For example, January the 29th 2021 may be an “extra” paycheck for some. The problem is the next paycheck doesn’t come until February 12th. Most of us have bills with due dates in the first 11 days of the month, right? Right. So, your January 29th paycheck is actually kind of like your Feb. 1st paycheck.
  • Let’s say you didn’t have any bills or you paid all the bills with the first two paychecks. You’ll still find that a good portion of that paycheck needs to fund your food, gas and spending money for the two weeks. You see, time doesn’t stand still just because there is an “extra” paycheck. Nope, you still require food and other things even then!
  • The real problem here is your thinking. You’re thinking paycheck to paycheck. You’re thinking small (as in not big goal minded). You’re thinking reactionary instead of proactively.
  • What you need to do is budget EVERY DOLLAR you earn, EVERY single month. Purposefully.
  • Your budgets need to reflect your highest priorities. For many that’s saving money, paying off debt, investing or funding things like travel & charity. Every “extra” dollar goes to those goals every single time. That means there isn’t really any “extra” dollars. Nope, every dollar has a regular ol’ j-o-b.

If you’re interested in working with us to stop stressing, stop living paycheck to paycheck fill out the contact form here and we’ll be in touch.


Ideal Balance is The Life Coaching Facility in Navarre focused on Fitness, Family & Finance. We know people are stressed about money, they’re unorganized, they’re unhappy with their bodies, they’re distracted and they’re not thriving. But we believe humans are built to be strong & energetic and that good things come to those who work hard and are disciplined. So we coach people to get healthy, to get organized, & to get debt free. The vision is people having a happy & healthy life they’re proud of. We don’t take excuses but we do get results!

Categories
Budget Money

$40K in 10 Weeks!

We wrapped up our ten week Financial Peace University class this Tuesday! It was sure great. =D We had three couples and three single ladies and we just LOVED all of them!!!!

Between the 9 of them, they paid off $40049 in TEN weeks. They cut up !!!21!!! credit cards y’all!!! We have one couple who moved to Baby Step 3 during the class, we have another couple who will be on to Baby Step 3 in December and another by April!!!! We love what we do! =D

As a reminder, here are the Baby Steps:

  • BABY STEP 1
    Save $1,000 for your starter emergency fund.
  • BABY STEP 2
    Pay off all debt (except the house) using the debt snowball.
  • BABY STEP 3
    Save 3–6 months of expenses in a fully funded emergency fund.
  • BABY STEP 4
    Invest 15% of your household income in retirement.
  • BABY STEP 5
    Save for your children’s college fund.
  • BABY STEP 6
    Pay off your home early.
  • BABY STEP 7
    Build wealth and give generously.

We are Ramsey Solutions Master Financial Coaches and we LOVE teaching Financial Peace University, though we only do it once a year during the fall. There are other ways to get our help if it’s something that’s been on your heart.

Financial Coaching / 2 meetings per month / $150 Learn More

Budget Like A Rockstar Workshop June 12 @ 8am. Tickets



Ideal Balance is The Life Coaching Facility in Navarre, Florida that focuses on Fitness, Family & Finance. We help our clients create the discipline & habits they need to strip off what’s holding them back from living the life God created them to live. We work with clients in 1-on-1 sessions in person and virtually as well as in Small Groups in Personal Training sessions, workshops and other events. We’re on a mission to inject hope and empower our community one client at a time. Contact us if you’d like to find out more.