Monthly Budget (Buckets of Money) Update

July 2022

Ann Leach
5 min readAug 4, 2022

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Image created by Ann Leach

One of the most important tools we as parents can add to our children’s life skills toolboxes is an array of money management skills. From budgeting, living below their means, and having abundance and gratitude mindsets to investment knowledge, it is all as important as communication and social skills.

I didn’t get those skills from my parents and have fumbled around with learning them all of my adult life. Ending my marriage at 53 yo with no savings has opened my eyes wide as to my own lacking and that I have to do better with my 12 yo daughter.

My Financial Vision

First and foremost, I have to live within my means because my own means is all I have. Debt is not an option.

Living within my means allows me to feel safe which is a high priority. It is unhealthy to live in a constant state of not feeling safe.

Having a plan and sticking to the plan is also a high priority. Even having a plan for how to recover when life doesn’t go to plan is a good backup plan to have.

Living within my means to me is knowing that all of my needs are covered and some wants are too. Life is too short to not have fun along the way.

Building multiple large and small streams of income.

Building up my personal life-sustaining skills sets including gardening and from-scratch cooking and marketable skills such as life coaching as well.

Living a debt-free lifestyle by saving up for expenses that I know are coming even if I don’t know when.

Being an intentional, mindful buyer of goods and services. I used to embrace minimalism, but being intentional and mindful is where I am now.

Screenshot of the income section of my financial spreadsheet. My income is sorted by the various streams. Columns with green font are income. Columns with red font are outflows. Image by Ann Leach
Screenshot of the income section of my financial spreadsheet. My income is sorted by the various streams. Columns with green font are income. Columns with red font are outflows. Image by Ann Leach

I track my income, savings, and spending on a set of spreadsheets I have created.

My Income

I’m lucky to have an ex-partner who isn’t spiteful or vindictive and willing to pay spousal support as well as to live in Australia where I can access government funding as I am getting on…

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Ann Leach

Walking, Home-based business, Homeschooling Mum, Living Simply and Minimally, Learning and Growing Every Day, Living Carless by Choice in Victoria, Australia