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Speaker 1: Welcome to Sugar Mama's Fireplay, the podcast where we ignite

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Speaker 1: your financial independence, retire early mindset, and help you build

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Speaker 1: long term wealth. I am financial planner Canna Campbell, and

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Speaker 1: today we're talking about a budgeting trend that is flipping

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Speaker 1: the switch on financial conversations, one that I really like

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Speaker 1: and that is loud budgeting. This very simple but incredibly

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Speaker 1: powerful approach is helping people around the world take control

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Speaker 1: of their money and their money management, learning how to

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Speaker 1: say no with absolutely no guilt and actually a huge

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Speaker 1: amount of pride, and reach their financial goals within their deadline.

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Speaker 1: So if you are someone that has felt pressured to

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Speaker 1: spend just to try and keep up, this is the

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Speaker 1: perfect episode for you. So let's get started. So what

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Speaker 1: exactly am I talking about? What is this is loud budgeting.

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Speaker 1: So loud budgeting is the opposite of suffering in silence

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Speaker 1: when it comes to money. Instead of secretly stressing behind

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Speaker 1: closed doors about your finances, your cash flow, your liabilities,

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Speaker 1: your responsibilities, you know what you're doing with your money

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Speaker 1: that you might feel a bit embarrassed or anxious about,

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Speaker 1: instead you actually openly share your spending priority. That is

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Speaker 1: where you like to spend money where you like to save,

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Speaker 1: what you're doing, what's working, what's not working, your setbacks,

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Speaker 1: your challenges, just most like airing your financial dirty laundry,

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Speaker 1: but in a productive way and leaning into that vulnerability.

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Speaker 1: And it's about confidently saying, I'm not spending money on

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Speaker 1: this because I'm saving up for something more important. And

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Speaker 1: these people are actually taking it up another level and

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Speaker 1: making it far more intimate and I think inspiring, but

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Speaker 1: by actually providing a solution or alternative and at the

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Speaker 1: same time share the details behind what they're saving up

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Speaker 1: for and why, and you know where they stand right

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Speaker 1: now financially, and also how they're managing to juggle all

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Speaker 1: this while still living a healthy, happy life. So, for example,

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Speaker 1: instead of saying or feeling awkward about turning down, say

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Speaker 1: an expensive dinner, these people are coming out and saying, Hey,

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Speaker 1: I would have loved to have gone to dinner out tonight.

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Speaker 1: All my friends are going out and they're going to

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Speaker 1: this restaurant's going to cost this much money. But instead

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Speaker 1: I've said, no, I would love to catch up with

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Speaker 1: all my friends. Don't get me wrong, but right now

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Speaker 1: I'm actually prioritizing my saving goal right now which is

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Speaker 1: saving up for my first home, which is really important

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Speaker 1: to me. And I'm so excited about having my own

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Speaker 1: place so I can style and decorate and having that

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Speaker 1: sense of stability and security.

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Speaker 2: So whilst my friends.

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Speaker 1: Are out spending all this money and having a great night,

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Speaker 1: I'm going to catch up with my friends separately, and

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Speaker 1: I'm actually going for a hike with one of them.

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Speaker 1: I'm going to catch up with coffee for another, and

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Speaker 1: having another friend come over for an early dinner late

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Speaker 1: next week. See how this complete conversation is shifting people's

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Speaker 1: mindset when it comes to their financial goals, their financial future,

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Speaker 1: and also their sense of financial confidence as they work

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Speaker 1: towards their goals. But with these really health the clear

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Speaker 1: boundaries firmly in place that doesn't hold them back in

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Speaker 1: any way, but also allows that balance in enjoying life.

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Speaker 2: So why is this so popular right now?

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Speaker 1: Look, there are quite a few reasons, but I think

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Speaker 1: the key one is obviously the cost of living pressures.

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Speaker 1: Everything is so much more expensive right now. I was

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Speaker 1: talking to someone that paid seven dollars for a coffee

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Speaker 1: the other day, which is just madness. So people are

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Speaker 1: really being forced to make smarter choices with their money

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Speaker 1: and their cash flow in particular, and you know, like

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Speaker 1: so many other people, including myself, we've all had enough

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Speaker 1: of you having to live like this and the stress,

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Speaker 1: and they want to take back control, which I think

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Speaker 1: is so admirable and absolutely brilliant. The other reason why

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Speaker 1: this has becomes so popular is the social media influence.

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Speaker 1: Social media, I think is a double edged sort. You

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Speaker 1: can use it in the right way and is very powerful.

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Speaker 1: You can use it in the wrong way and it

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Speaker 1: can be really lethal. So platforms obviously like TikTok and

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Speaker 1: Instagram are completely changing the way we talk about money.

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Speaker 1: And instead of glamorizing spending and all these like fashion halls,

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Speaker 1: people are now normalizing the financial transparency as well as

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Speaker 1: all the highs and lowers that go on working on

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Speaker 1: your financial goals and dreams, and of course the journey

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Speaker 1: and the adventure, which I think is really healthy, because

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Speaker 1: working on your finances is not you know, smooth sailing.

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Speaker 1: There is a lot of heartache and sacrifices and frustration

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Speaker 1: that goes along the way. So it's great to bring

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Speaker 1: this to show this through a camera and through social media.

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Speaker 1: The other reason I think it's so popular is the

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Speaker 1: emotional relief, which is I think quite deep because when

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Speaker 1: you stop pretending that you can afford everything, but everything

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Speaker 1: is fine, that you can not only keep up with

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Speaker 1: the joneses, you can exceed the joneses, you actually relieve yourself.

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Speaker 2: From the stress and anxiety. You give yourself.

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Speaker 1: Permission just to let go and not be a part

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Speaker 1: of that toxic trend of having to feel like you

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Speaker 1: keep up with the jones Instead, you start putting yourself

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Speaker 1: in a back in a safe place again via acceptance,

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Speaker 1: and I think that's really liberating. Loud budgeting makes it

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Speaker 1: socially acceptable and safe to say no, you know what,

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Speaker 1: that's actually not in my budget right now, or actually

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Speaker 1: I would prefer not to use my money on something

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Speaker 1: like that right now because I have a better idea

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Speaker 1: in mind. So it's about really positively acknowledging that, yes,

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Speaker 1: things are a bit tough right now, you're struggling, but

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Speaker 1: they are going to get better because you're actually investing

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Speaker 1: in yourself, stepping up taking ownership, and you're working on

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Speaker 1: building something that is better for you both in the

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Speaker 1: short and medium term, and you're embracing everything about what

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Speaker 1: you're going to learn along the way and of course

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Speaker 1: sharing it. And I have to say it's really great

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Speaker 1: to see younger generations embracing this moment.

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Speaker 2: I feel really old saying that.

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Speaker 1: But this movement is really about taking back control and

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Speaker 1: looking at you know, the pressure to you know, constantly

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Speaker 1: upgrade things or dine out or go to the latest bar,

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Speaker 1: restaurant or holiday destination. You know, book these lavish holidays,

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Speaker 1: flying business class or you know, something.

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Speaker 2: Luxurious like that.

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Speaker 1: Instead, they're owning their goals with huge amount of confidence

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Speaker 1: and pride. And I myself find this is so motivating

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Speaker 1: when I see this on social media. So how it

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Speaker 1: will loud budgeting then help you in your life and

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Speaker 1: your financial goals. Well, look, there are lots of ways

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Speaker 1: I think you'll find it helps you. I will admit,

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Speaker 1: I think you have to really open yourself up to

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Speaker 1: this and allow yourself to be inspired, because once you do,

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Speaker 1: you I feel like it will break through a few

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Speaker 1: blocks in your life and I'll help you shift into

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Speaker 1: a different gear, a better gear. So the first thing

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Speaker 1: with lab budgeting, it really does allow you to take

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Speaker 1: control of your money. You have a greater sense of

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Speaker 1: awareness where you may previously have used impulse spending, and

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Speaker 1: instead you can have that awareness and catch it and

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Speaker 1: make much better choices that actually align with your real goals,

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Speaker 1: those exciting goals.

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Speaker 2: That you've set for yourself.

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Speaker 1: The other way that lab budgeting can help you is

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Speaker 1: it frees you from that financial fomo, so you really

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Speaker 1: just say enough with the guilt. You know, no more

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Speaker 1: anxiociety about missing out, and you're replacing those feelings with

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Speaker 1: something that's actually healthier and more nutritious and fulfilling. And

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Speaker 1: that is you know, achieving your financial milestones, all those

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Speaker 1: little goals along the way, and the big goals of course.

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Speaker 1: And you know, when we eat a healthy food, you know,

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Speaker 1: a healthy meal or salad, protein, all the highly nutritious

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Speaker 1: meals with all the minerals and vitamins that we need,

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Speaker 1: that feeling of the adequate for sufficiency lasts so much

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Speaker 1: longer than if we binge on sugar and you know, carbohydrates.

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Speaker 1: What I'm trying to say is when you achieve those

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Speaker 1: goals and work on those goals, they're high that you

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Speaker 1: get from that lasts so much longer and actually inspires

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Speaker 1: more growth and success. So if you think about eating

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Speaker 1: a really big, healthy salad for dinner. You don't really

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Speaker 1: feel the need to go and binge on a massive

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Speaker 1: bowl of ice cream. In fact, you're aware of the

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Speaker 1: feeling of feeling full and feeling healthy and feeling proud

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Speaker 1: for eating that big sap bowl of salad. Tomorrow night

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Speaker 1: you'll probably go and do the same. And this is

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Speaker 1: that really powerful flow on effect. What happens when you

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Speaker 1: work on your finances, in particular loud budgeting. The other

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Speaker 1: thing you'll find that loud budgeting helps you in your

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Speaker 1: life is you start having really healthy conversations about if

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Speaker 1: you want to do loud budgeting. You don't necessarily need

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Speaker 1: to do this as part of social media. You don't

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Speaker 1: need to put yourself out there if you don't want to.

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Speaker 1: What I would recommend is, of course you absorb what

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Speaker 1: other people are doing who are comfortable putting their finances

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Speaker 1: out there, and amongst your close circles, the people that

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Speaker 1: you trust, having those conversations.

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Speaker 2: About finances is brilliant.

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Speaker 1: You know, you might talk to your best friend and say,

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Speaker 1: you know what, I'm working on these goals, or I've

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Speaker 1: just done my budget and I've made these changes, and

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Speaker 1: what do you think about this? Or do you have

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Speaker 1: any ideas that could help me, you know, have those

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Speaker 1: healthy conversations as well as talking about the setbacks, the blocks,

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Speaker 1: the frustrations, and of course the wins, all those wins,

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Speaker 1: not just the big wins, but all those little wins

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Speaker 1: along the way where you're ticking off your goals and

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Speaker 1: you're progressing financially, and of course have conversations about boundaries,

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Speaker 1: those uncomfortable, awkward conversations where you know you have to

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Speaker 1: say no, but explain why, and you have to put

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Speaker 1: up that wall of protection if case someone tries to

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Speaker 1: push back on you or tries to question you or

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Speaker 1: undermine you for wanting to do something for your long

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Speaker 1: term financial fitness and wellbeing. And then of course when

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Speaker 1: you do loud budgeting, whether you be put it out

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Speaker 1: there or not yourself, or you just absorb what other

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Speaker 1: people are doing around you, you are going to see

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Speaker 1: far greater progress with your own goals. Every dollar that

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Speaker 1: you don't spend by doing loud budgeting or even secret

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Speaker 1: loud budgeting can go towards your goals. You can go

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Speaker 1: towards your debt goals, It can go towards your saving goals,

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Speaker 1: whether it be saving up for a depositor, building emergency savings.

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Speaker 1: It can go towards your investing goals, it can go

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Speaker 1: to your superannuation and retirement goals. Every dollar really does count,

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Speaker 1: and you're creating really powerful habits where a lot of

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Speaker 1: this stuff is going to happen organically because you are

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Speaker 1: taking responsibility of the immediate cash flow situation in your life. So,

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Speaker 1: if you have ever struggled with spending and trying to

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Speaker 1: fit in and try to understand about how you can

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Speaker 1: use your money better today, I think loud budgeting is

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Speaker 1: the perfect permission slip to stop the excessive, toxic wastage

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Speaker 1: in your life and redirect that money towards something way

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Speaker 1: more exciting. The next thing is I want to talk

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Speaker 1: to you about is how to actually physically practically start

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Speaker 1: loud budgeting today. So here are three very simple steps.

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Speaker 1: Number one is set your priority. So I really want

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Speaker 1: you to identify what you're maybe saving up for or

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Speaker 1: what you're trying to achieve financially. Perhaps you want to

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Speaker 1: save up for a deposit for your first home, or

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Speaker 1: perhaps you want to start saving for your retirement, or

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Speaker 1: maybe you want an emergency money. You make you feel

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Speaker 1: well and it's well at night, or maybe it's something like

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Speaker 1: you want to pay off old toxic debt. I don't

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Speaker 1: care what your goal is, just make sure you write

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Speaker 1: it down. Write down exactly how much you need and

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Speaker 1: the date. Get really clear with your goals. That's so important.

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Speaker 1: And please skip the herd mentality goals and think, oh, well,

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Speaker 1: my friend is saving up for her deposit. Maybe I

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Speaker 1: should just do what she's doing. No, please don't do that.

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Speaker 1: Pick a goal that really excites you. Of course, if

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Speaker 1: that excites you inspires you go with that goal. If

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Speaker 1: you're like, oh, I feel like everyone's doing that, I

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Speaker 1: should do the same. No, no, no, rethink it. And

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Speaker 1: perhaps if you're someone who really resonates with this, why

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Speaker 1: don't you have a goal to start investing. That's the

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Speaker 1: goal you will never ever regret. So once you've got

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Speaker 1: your goal, I wanted you to do a budget. Now,

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Speaker 1: that's obviously one of the first important part, well, the

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Speaker 1: most important part of loud budget. Now, if you need

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Speaker 1: help doing your budget, I can actually help you. And

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Speaker 1: this includes having a one on one appointment with me

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Speaker 1: over zoom. And I don't normally tell people this until

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Speaker 1: they have their first appointment with me. But I'll tell

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Speaker 1: you this now. If you need an extra appointment with me,

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Speaker 1: or you need to check in with me in a

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Speaker 1: month's time or two months time, or even two weeks time,

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Speaker 1: I will include that in the course. So you have

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Speaker 1: write down all your expenses, but I recommend you check

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Speaker 1: your transactions so you can actually see the reality of

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Speaker 1: how much you're spending. If you actually need me to

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Speaker 1: help you do your budget. As part of this Sugar

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Speaker 1: Mamma Budget and cash Flow Academy, which includes the one

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Speaker 1: on one session with me, I can teach you how

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Speaker 1: to do a budget, and I also give you a

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Speaker 1: special budget template that shows you how to put it

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Speaker 1: all in a neat Excel spreadsheet. But it also gives

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Speaker 1: you the cash flow instructions so that you know the

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Speaker 1: moment you get paid. I put two three hundred and

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Speaker 1: twenty dollars in this account. I put one three hundred

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Speaker 1: and thirty five dollars into that account. I put two

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Speaker 1: hundred and ninety five dollars in this account. I put

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Speaker 1: one hundred and fifty dollars in that account, and they're

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Speaker 1: all especially allocated towards your financial walk being This is

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Speaker 1: all part of the Sugar Mamma Budget and cash Flow Academy. Now,

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Speaker 1: if you've got a budget, great, brilliant, you can go

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Speaker 1: to the next step. But if you haven't got a budget,

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Speaker 1: please do one, and if you want me to help you,

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Speaker 1: I'm linking in the podcast notes exactly how to enroll

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Speaker 1: in this and of course how to go and book

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Speaker 1: that one on one appointment with me, which is part

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Speaker 1: of the program. The next thing you need to do is, obviously,

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Speaker 1: once you've got that budget, make sure you take ownership

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Speaker 1: of it. And this is where you know, you learn

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Speaker 1: to say to people and you practice this. Look, I'd

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Speaker 1: love to do that with you, but it's not in

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Speaker 1: my budget at the moment. Can we do something else instead?

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Speaker 1: You own this with no guilt, no excuses, and just

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Speaker 1: the simple facts of the matter. And I have to say,

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Speaker 1: when you learn to do this and you take ownership,

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Speaker 1: it's incredibly sexy and people really find it admirable and

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Speaker 1: the true friends of yours will be like, no problem.

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Speaker 1: I totally get where you're coming from. I think it's

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Speaker 1: amazing what you're trying to do with your finances and

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Speaker 1: improve them. In fact, I should probably do the same myself.

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Speaker 1: Let's catch up for a walk, or let's do a

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Speaker 1: gym workout, or let's do a coffee, or let's change

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Speaker 1: things up so that we're not spending money that we

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Speaker 1: don't necessarily need to or can really actually avoid. Will

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Speaker 1: be better for both of us. So take ownership of

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Speaker 1: a budget. And of course the next thing is to

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Speaker 1: offer alternative as I said, come up with solutions when

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Speaker 1: it comes to saying no. Don't just say no because

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Speaker 1: you don't want to become a social hermit. And you know,

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Speaker 1: the richness of life is the connections around us. This

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Speaker 1: is not what black budgeting is about, basically staying home

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Speaker 1: and doing nothing. It's about actually owning it, going out

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Speaker 1: there living your life still with the richness of connections

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Speaker 1: and being outside the fresh air and loving life, but

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Speaker 1: doing it in a financially friendly way.

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Speaker 2: And as I said, you.

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Speaker 1: Don't necessarily need to put all this and splash it

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Speaker 1: out all on social media, unless of course you want to,

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Speaker 1: which I think is fabulous, But you can just watch

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Speaker 1: other people. So please, like, have a go at doing

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Speaker 1: this if you're open to it, and you know what,

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Speaker 1: let people know how you're tracking along the way. If

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Speaker 1: if you feel comfortable, you know people who started investing,

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Speaker 1: you know, let them know where you're up to, how

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Speaker 1: much passive income have you earned, how much is your

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Speaker 1: portfolio worth if you want to, or how you're tracking

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Speaker 1: towards your retirement goals, or how much have you saved

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Speaker 1: in your home deposit account. You know, being transparent really

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Speaker 1: does inspire other people. And I think the great thing

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Speaker 1: about love budgeting is if we let it continue on flowing,

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Speaker 1: I think it has the potential to actually evolve. And

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Speaker 1: I would have to say I would love to see

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Speaker 1: these conversations where we normalize money and cash flow and

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Speaker 1: budgeting actually expand into the conversation of investing and paying

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Speaker 1: off homes and putting more money into our supreation and

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Speaker 1: you know, earning dividends from shares or you know, rent

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Speaker 1: from investment properties. I'd love to see this include a

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Speaker 1: wider sense of financial well being. But if it starts here,

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Speaker 1: that's great because at the end of the day, budgeting

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Speaker 1: a cash flow is the key foundation to financial wellbeing.

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Speaker 1: And then, of course, how do we make sure that

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Speaker 1: this actually isn't just a trend, it actually has long

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Speaker 1: term success in our lives and we don't slip back

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Speaker 1: into old habits. Well, this is what I would recommend

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Speaker 1: people to to just make sure that this goes the

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Speaker 1: distance for them and really does work and helps take

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Speaker 1: their finances to the next level and then to the next.

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Speaker 2: Level and the next level.

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Speaker 1: Well, first of all, obviously I would recommend you find

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Speaker 1: a budget buddy, someone who's going to help make you accountable,

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Speaker 1: someone who's maybe got similar financial goals to yours, where

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Speaker 1: you can actually talk about money, talk about what you're doing,

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Speaker 1: talk about the setbacks, the frustrations, the challenges. You know,

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Speaker 1: have a good old fashioned download and vent. But also

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Speaker 1: you could inspire each other with the winds along the

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Speaker 1: way and the things that you've discovered, the hacks, the habits,

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Speaker 1: even you know, the resources like podcasts or free templates

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Speaker 1: or online programs something like that. And of course, make

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Speaker 1: sure you track your wins. This is probably their most

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Speaker 1: important hack or habit to have. If you want to

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Speaker 1: use loud budgeting, track every single win. Make sure you

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Speaker 1: are documenting where you stand today financially. You know how

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Speaker 1: much debt you have, where you're super is at, where

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Speaker 1: you're investment star, where your savings are at, so you

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Speaker 1: can actually see the hard work pay off. You can

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Speaker 1: see everything grow in a better, healthier direction that's in

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Speaker 1: alignment to your goals. This will inspire you and motivate

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Speaker 1: you to keep going, particularly when you have a bad

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Speaker 1: day or you get an unexpected bill in the mail

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Speaker 1: and you think, oh, this is so annoying. Why should

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Speaker 1: I even bother on not even getting anywhere? This is

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Speaker 1: too hard. When you track your wins, you track your progress,

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Speaker 1: it actually gives you that light bulb moment to go,

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Speaker 1: you know what, I'm actually really glad I did this

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Speaker 1: because I'd actually be in so much worse financial situation

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Speaker 1: if I hadn't done this. And yes, it is annoying

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Speaker 1: having setbacks and challenges, but guess what everyone gets in.

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Speaker 1: They're a natural part of life. So put your helmet

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Speaker 1: on and face reality and be grateful for the fact

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Speaker 1: that you're doing the work and that the impact of

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Speaker 1: this unexpected bill, for example, isn't as severe as what

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Speaker 1: had been if you've done nothing at all. And of course,

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Speaker 1: review your budget on a regular basis. I'm actually due

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Speaker 1: to review ours because my daughter Apple is doing a

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Speaker 1: couple of days a week or one day a week

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Speaker 1: at after school care I need to go and factor

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Speaker 1: that expense into our budget, which I haven't done so yet.

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Speaker 2: So you know, you've got to make sure.

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Speaker 1: That you're reviewing your budget ideally on a monthly basis.

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Speaker 1: But what I also recommend you to do is your

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Speaker 1: track your spending. So every Friday afternoon or Friday morning,

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Speaker 1: I track our transactions sticking to our budget, and I

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Speaker 1: do the same thing again every Sunday morning or Sunday afternoon.

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Speaker 1: This stops us running out of money before the end

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Speaker 1: of a pay cycle. And explain this as part of

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Speaker 1: the Sugar Mamma Budget and cash Flow Academy in way

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Speaker 1: more details so you can see exactly what I'm talking about.

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Speaker 1: But it's a bit of a non negotiable in my

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Speaker 1: life now. Of course, you know, continue on educating yourself.

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Speaker 1: That's so important. Allow the budgeting to be the platform

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Speaker 1: that you know takes you to investing, to fixing up

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Speaker 1: your super to making sure you've protected your wealth, to

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Speaker 1: personal insurances. Through is saving up your deposit for your

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Speaker 1: first home, or paying off your first home, or helping

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Speaker 1: you buy your next investment property. Use this to your

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Speaker 1: financial manager to let the benefits flow into so many

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Speaker 1: different compartments within your life and don't be afraid to share.

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Speaker 1: You know, at the end of the day, blood budgeting

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Speaker 1: is it about being stingy. It's actually just enjoying spending money,

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Speaker 1: but spending money in a way that is aligned to

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Speaker 1: what really matters to you and where you want to

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Speaker 1: go in your future. So there you have it, Loud Budgeting,

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Speaker 1: Everything you need to know and understand about this and

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Speaker 1: how to allow it to help you confidently set financial

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Speaker 1: boundaries in your life, prioritizing what's important and helping you

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Speaker 1: make your money work for you. I have to say,

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Speaker 1: I think this is a game changer for so many

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Speaker 1: people out there who really do want to break free

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Speaker 1: from all that unnecessary spending pressures and build real, authentic wealth. Now,

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Speaker 1: if you've enjoyed today's episode, of course, make sure you're

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Speaker 1: following this show and share it with someone who needs to.

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Speaker 2: Hear this right now.

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Speaker 1: I would be so incredibly grateful, And of course, if

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Speaker 1: you have any questions at all, please always feel free

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Speaker 1: to reach out to me at Instagram, at sugar Mama TV,

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Speaker 1: or of course Canna Campbell Official for more money saving tips.

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Speaker 1: As always, keep that financial fire burning bright. This is

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Speaker 1: Sugar Mamma's fireplay