Welcome to Goodbudget 101: Budget Bootcamp! We’re so excited for you to start this new budgeting journey — one where you’ll create a budget that works for you. And along the way you’ll build habits and learn techniques that will help you live out your budget for the rest of your life.
Now, we’re all starting from different places financially, but we’re all working towards the same goal… making a budget that works. We believe you can make and *keep* a budget. This budget will be your guide to help you spend on what’s important, save for big expenses, and give generously.
Over the next 29 days you’ll receive bite-sized assignments that are practical, reflective and relational and they’re all designed to help you create your new budget utilizing the envelope budgeting method (if you don’t know what that is, learn about it on our website and on YouTube). You can expect to spend about 5 to 10 minutes doing most of the assignments. Every so often there’ll be a longer assignment that will take about 30 minutes. Let’s get started.
Today’s Assignment
- Make a plan for when and where you’d like to do these assignments. Will you spend time working on them at the kitchen table after the kids are in bed, or early in the morning over coffee before everyone gets up? Will you do the assignments for the week all in one day, or divvy them up throughout the week? Deciding this ahead of time will give you a better shot at completing these assignments.
- Comment below and let us know when and where you’re planning to do your homework. Plus, share what you’re excited about learning in this course — and why.
Note for couples: If you share money with someone else, like your spouse, invite them to take this course with you. By working together, you’ll be able to build a solid budget that actually works — for both of you.
That’s it for today! We look forward to seeing you in the next assignment.
Happy budgeting,
-The Goodbudget Team
P.S. If you’re struggling to get ahead because you’re living paycheck to paycheck, GB 30: Break the Cycle might be a good starting place for you. In that course, you’ll spend 30 days working to boost savings and begin building a one-month cushion so you can break the cycle for good.
P.P.S. Or, if you’re currently experiencing a financial emergency, either from taking a pay cut, receiving a large medical bill, or something else, GB 911: Crash Course might be a better fit. There, you’ll learn how to make quick changes to your budget so that you can survive in the short term, adapt to your financial situation, and thrive down the road.
2,179 thoughts on “Welcome to Budget Bootcamp”
In the evening, after work.
Looking forward to getting started! Mornings are better for me.
Hey that’s exquisitely fine I would love to join your budget plan and like to see what are you proposing?
In the early morning over a cup of coffee
I will be working on our budget after coffee and breakfast.
I will be in the living room. I like learning new things so I have a shot at making something better.
In the evening after the kids are asleep.
After work and weekends as time exists.
In the morning at the library during my school program
In the morning while I drink my expensive coffee
In the evening after work with my wife.
In the morning over coffee.
I will work on the assignments after dinner. I am 74 and it is time I learn about a budget and follow thru.
Me too but I’m starting at 60.
Late afternoon – after work and walking my dog – in the kitchen while dinner warms up in the oven.
Will work in assignments in the early evening. No kids and no partner to plan for.
In the morning with my coffee
Early morning, crush all in one day
During downtime at home
I’m newly divorced and married at 17 so have never technically budgeted (my ex controlled the money). At 55, this is a whole new and anxiety producing experience. Thanks for your help! (Will work at my desk before, during, or after work most likely)
In the evenings while cooking dinner
My husband and I have been married for 23 years. We combined 2 families into one. He had 2 boys and I had 2 boys. In our early years, it was hard to stay on top of the finances. We both worked and together we earned around $40,000 and $50,000 a year. I was a surgery nurse and my husband was a local truck driver both making about $10-$11 an hour with no overtime.
The first 10 years money was always tight and there never seemed enough to go around. and YES truthfully sometimes our wants outweighed our needs. Then I decided to go back to school and finish my degree in Biology for nursing, I quit working at my stressful job in the hospital operating room and started working as a substitute teacher and loved it, where I lived at the time, in order to be a substitute teacher you had to have enough college hours to where you almost had an Associate’s degree, which since I had returned to college for a couple of years before I met my husband, I almost had that equivalent so along with working on a BS in biology I also started taking education courses to get my teacher licensure. Anyway to make a long story short, 5 years later I had my degree and my teaching credentials. That was in 2009 when markets were collapsing and extra jobs were few since I was an older new teacher many schools I applied to really did not wish to take a chance on me. So it took another 2 years to get hired as a teacher.
In 2011 I landed a job as a High School Science teacher in a very small rural school about 1 1/2- 2 hours away from where we lived. With the boys all grown and out of the house we decided to pack up and moved in between where we lived and where I was now working. We had to get a second decent car that could take the millage, so we added on a car payment, which we had managed to avoid for the last 5 years since we put so many miles on our vehicles each year we have not been without a car payment since 2011.
With my new teaching job, I was making around $32,000 and my husband was now making around $37,000 a year, we got better with our spending and we were even starting to save some. We started putting a lot of our tax refunds in savings instead of immediately blowing it on things we wanted. We were also starting to live the good life. We went out to dinner a lot, we went to the movies, and if there was something we wanted, most time we got it. All our bills were getting paid on time and we were no longer robbing Peter to pay Paul. I was even able to pay off student loans without it hurting our finances. Even though I worked in a very poor school and had received a majority of my loans while pursuing a teaching degree, I could not get the standard teacher write-off because out of approximately $35,000, $2000 of it was what I was still paying on from when I was in nursing school and since it was pre-1998, I could get none of it taken off.
Our credit score continued to rise and after 10 years of renting, we were able to finance the house we had been renting in March of 2022, and our mortgage payment + Taxes + homeowners’ insurance came to the same amount that our rent had been for the last 10 years and we had received a fixed rate of 3.25%, so even though I was starting to have some health issues, it did not scar me taking on a new mortgage at our age. We had a small nest egg of about $10,000 in savings.
But then the bottom fell out. I was getting sicker and ran up a lot of medical bills. Luckily I had insurance That paid a majority of the medical bills. Groceries and gas prices skyrocketed. My husband and I each drive about an hour to work each day in opposite directions so gas was definitely killing us. We had done some needed work on the house before things got tough so our nest egg wasn’t quite as big. Our dog developed cancer, so we had to care of that. My mother died, so we had to travel for her funeral and then a month later my father passed away with no money or insurance and no other family around, so it was up to my husband and me to bear the end-of-life cost for him and since our nest egg had dwindled to almost nothing just trying to make up the shortfall of the increased living expenses, everything started going on our credit cards. Now I have 2-3 interest payments that are each more than my car payment. Credit cards have an interest rate of around 28-29%. The last time we bout a low-mileage car we received a rate of 13% when our previous car rate had been 5.25%. In the previous 10 years, we had never been late on anything and even now we have managed to never be more than a week tops and that has only been 3 or 4 times.
We tried to get a home equity loan to pay off most of the credit cards but our bank said we had too much credit card debt to get a loan, even though we now have about $50,000-60,000 equity built up in our home and our credit scores are only a tad under 700.
So I am taking this course to learn how to get rid of debt without taking more debt. I will be working on it in between my teacher’s professional development. I put my story up here, so that people know that sometimes you can get into serious financial decline through no fault of your own and that circumstances can cause a major downfall. My husband and I are still working as much as ever but our living expenses and other unforeseen troubles got way out of hand
In the evenings after supper
I’m excited to learn to budget and save.
During my lunch break or right after work in the afternoons.
during my lunch break
In the evening after work. I want to get my finances under control!
Evening time will be okay, I prefer 10:00pm
In bed, in the morning, after journal and meditation. Start with a fresh mind, a cup of tea, and stack it on an existing habit:)
Dining room table when I have free time
After midnight after I finish the wordle for the day.
Evening after work, I’m excited to learn budgeting skills and be stable!
I was overly ambitious and wanted to track every day every transaction like my Engineer bf.
Its turning out weekly which I have to give myself credit for but I am working toward this immed tracking goal so I know after a financial 15 exactly where I am EVERY DAY. Else its like the $$ disappears!
I dont like spreadsheets so I hope this will work.
I think I was tracking before and always running over on food(food scarcity mentality!) and ubers but still not getting ahead/tweaking/improving.
This week I am very on the wire but I have food and a bus pass and bills paid except for a 1 K dental which I am hoping to pay in increments, so I am doing a non-spending week challenge and I hope to continue it to 2 weeks!
Thanks Connie
I will work on the class after work, in my home office.
First thing in the morning, after breakfast. It’ll be interesting learning structured budgeting after a lifetime of seat-of-the-pants financial decisions
I think I’ll use my lunch hour!
While I’m in bed at night!
In my office after I do my workouts in the evening.
Saya akan menghabiskan waktu mengerjakannya di meja kerja setelah anak tidur atau bisa dimalam hari. Dan saya akan mengerjakan tugas dalam membaginya sepanjang minggu. Kemudian yang membuat aku bersemangat untuk belajar dalam kursus ini adalah bisa lebih meningkatkan ilmu saya dan juga lebih banyak praktik dalam hal kesehatan keuangan, dan alasannya kelihatannya aku terbantu dengan aplikasi goodbudget berikut jadi mudah-mudah an aku bisa ikut menyelesaikan tugas sampai selesai. Terimakasih..
I plan on working on this in the evenings at my computer desk.
After work from 3rd that’s when it’s quiet
I’m excited to begin the course
Going to be working on it in the evenings.
In the evenings or some mornings depending.
I will be doing the homework in the evenings on my couch.
I will probably try to burn through this course in the next week.
I’ll do it in the morning at the kitchen table after my other morning routines.
I will probably do the assignments in the evening after everyone has gone to bed. I look forward to learning strategies to budgeting and keeping track of my finances
My aim is to get up earlier in the morning and learn before I go to work
Mornings, after walking the dog, shower, and coffee.
I will do it when I clock out from work and my daughter is in bed and I have my class work done from college
looking forward to learning to live on a budget!! Been a long time in the making…
This should be fun!
Kimmie
Looking forward to financial independence!
on my free time, or before I go to sleep
I plan on doing the work on Mondays, Thursdays and Fridays when my youngest is napping and my oldest is in daycare.
I am recently divorced and on maternity leave so my income is much lower than it was while I was working for the next 5 months. I had been living paycheque to paycheque with my ex’s income which he was spending on himself and I was covering the shortfall from my income. I have moved into cheaper accomodations and hope to build my emergency fund and buffer to make it comfortably to my return to work.
I think my husband and I will need to do this after dinner or after the kids go to bed-some time when they’re occupied.