Get your finances in order with smart budgeting and money mindfulness You Only Live Once is the guide to achieving your best life through smart money moves. Before you even begin making a budget, you need to think about why. Where do you see yourself financially in ten years? Five years? This time next year? What does money do for you? Once you know your destination, you can begin charting your course. Step-by-step guidance walks you through the budgeting process, and shows you how to plan your financial path to point toward your goals. You'll learn how to prioritize spending, how to save efficiently, and how to take advantage of simple tools you didn't know you had. Next comes the most important part: taking control. You need to really look at how you perceive and use money day-to-day. Chances are, changing a few habits could give you some breathing room and help you reach your goals sooner. You work hard for your money, yet there never seems to be enough. You don't need to live like a pauper, but you need to be truly aware of just where your money is going, and why.
Financial awareness is the key to a financially secure future, and this book unpacks it all to help you get where you want to go. * Accept past decisions and articulate your financial goals * Align your lifestyle with your budget * Explore your relationship with money * Re-evaluate financial habits and behaviors You know you need a budget, but you never seem to get around to doing it. Or maybe you did, but you can never seem to stick to it. Smart planning is a major factor in financial security, and it involves just as much introspection as math. You Only Live Once is more than a budgeting guide it's a guide to revamping your financial behaviors to achieve the life you want.
JASON VITUG is the founder of Phroogal, a financial education start-up and lifestyle brand empowering millennials to live their dream lifestyles through financial knowledge. He is the promoter of the Smile Lifestyle movement, based on a belief that experiential and purposeful living can be achieved through informed financial decision making.
Preface ix Acknowledgments xv About the Author xix Introduction 1 Part I On the Road to Financial Wellness 5 Chapter 1 Are You Living YOLO? 7 The Millennial Experience 7 The YOLO Mindset 8 Chapter 2 Financial Education and Living Your Dream Lifestyle 11 What Is Financial Education? 13 The ACT Process 14 Part II Awareness 15 Chapter 3 Know Where You're Starting From 17 Your Money Mindset 18 What Is Your Relationship with Money? 19 How Is Your Spending Contributing to Your Life? 20 How Are You Using Your Time? 22 Cultivate a Wealthy Money Mindset 23 Chapter 4 Know Where You Want to Go 31 Clarify Your Values 32 Have a Vision for Your Life 35 Follow a Money Philosophy 38 Chapter 5 Getting What You Want 41 Change Your Financial Behaviors and Habits 41 The Habit of Spending 42 The Habit of Saving 43 Get in the Know 45 Part III Creating a Plan 63 Chapter 6 Building a Lifestyle Budget and Spending Plan 67 Dealing with Your Fear of Lifestyle Change 70 Living the YOLO Lifestyle 74 The YOLO Budget 77 Chapter 7 Using the Purposeful Money Strategy to Spend and Save 97 Dual Checking Accounts Method 98 The Purposeful Savings Method 101 Chapter 8 Improving Credit Use and Eliminating Debt Forever 111 Credit Card Debt 115 Using the Debt Avalanche Method 117 Using the Debt Snowball Method 118 Part IV Taking Control 121 Chapter 9 Creating a Purposeful Life 123 Finding Happiness 124 Increasing Your Awareness 126 Organizing Your Finances 128 Managing Your Time 130 Having Better Conversations 132 Improving Financial Relationships 134 Chapter 10 Spending Rules 137 Spending Mindfully 138 Spend Less Than You Earn 139 Pay Less for Every Purchase 139 Spend on Loves, Not Likes 140 Use Credit Purposefully 142 Chapter 11 Living Mindfully 145 Building Your Freedom Fund 146 Don't Quit Your Job 148 Traveling the World 151 Lending Money to Family and Friends 152 Making Money with Money: Investing 153 Protecting Your Legacy: Insurance 155 Finding an Expert 156 Conclusion 159 Index 161