Investments! Nooooooo! Too scary. Should we think of a code name for this then? How about cupcakes? Cool?
‘I have an emergency fund, I’ve thought about my retirement, I am also insured for heaven’s sake – I’m a fully functioning adult now’
Till now, the only thing we have actually accomplished (yes its a lot but still), is building a safety net. We have not yet embarked on ensuring that our money is working for us.
Thats why we need…cupcakes!
First thing we HAVE to learn about cupcakes is the mindset with which we approach it. We need to kind of break down the psychology behind being scared of it, and inculcate it into our lives. Like how we pay our bills every month, or wash our clothes regularly, this is nothing more than a habit that we need to build. As I have said in my introductory article, it can be daunting to start this out, but once the set up is completed, we can automate the whole thing so we don’t even have to think about it anymore.
Ok how to set this up? What kind of cupcakes can I buy? They seem like they’re only for rich people or finance people walking around in suits all day.
Before we get into that, we need to set a budget, we talked about it a little when we went over emergency funds and making room for your savings, but let’s dive in a little deeper.
What do we need to draw out a budget? What are your goals? I have a worksheet prepared that will help you think about how you can tailor your budget according to YOUR needs.
Fill it out, its an ongoing list and will change as you think more deeply about it!
Goals Questionnaire Template
These are all exercises that I encourage you do to in order to come up with your own plan. It’s not a one size fits all model.
Ok this seems a little daunting, you don’t need to get out an excel sheet just yet. Lets distill this even more, here you go –
Let’s just take the day and think about our goals and our recurring expenses. Put pen to paper and to really see them, and then you will understand what your next steps need to be.
The Money Wellness Studio 
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