Getting help with making a budget
Hi all: I am looking for a financial coach -- not someone to help with investments, etc., but someone who has experience helping create budgets, living within ones means, financial health/freedom, etc. If you have any suggestions, please do share. Many thanks!
Mar 6, 2019
Parent Replies
Do you mind if I make a book recommendation? Every friend who asks me for advice gets pointed to "I will teach you to be rich" by Ramit Sethi. It is a simple six-week step-by-step process to get you on the right track. It sounds a little sketchy as a title but the book is extremely solid financial advice - something any Boglehead (if you know what that is) would adore.
Not financial coaching exactly, but everyone I know who's tried it swears by You Need A Budget for creating budgets and savings plans and implementing them. The core principle is to put every dollar to work, and to spend last month's income for this month's expenses. (Even if you're currently living paycheck to paycheck, this will help you get there.) I used it for a couple of years after my divorce and it was very helpful.