235. 5 Budgeting Tips for Teachers Over the Summer to Save Money

Teaching to the TOP

Teaching on the Double

Parenting, Education, Self-improvement, Kids & Family

4.8 • 667 Ratings

🗓️ 27 June 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

Summer can be a time of relaxation and rejuvenation for teachers, but it also brings temptations to splurge. Bridget and Michelle offer practical budgeting strategies to help teachers manage their finances effectively during the off-season, ensuring a stress-free return to school. Episode Highlights: Introduction to Budgeting: Bridget and Michelle discuss their personal experiences with impulse shopping and the challenges of resisting sales, especially during summer. Assessing Needs vs. Wants: Learn strategies for evaluating true needs versus momentary wants to prevent unnecessary purchases. Inventory Management: Tips on how to take stock of existing supplies and prioritize future purchases to optimize spending. Routine Financial Reviews: Importance of establishing regular check-ins with your budget to maintain financial health and avoid overspending. Practical Spending Methods: Introduction to the envelope system for controlling spending and creative ways to repurpose old materials to save money. Key Resources Mentioned: Teaching on the Double Personal Planners: Designed to help with financial planning, available at teachingonthedouble.com/store. Budgeting Apps and Tools: Explore tools like Rakuten and Honey for deals, and Jordan Page’s YouTube channel for budgeting advice. Listener's Dilemma: A listener shares challenges related to budgeting with a fixed income and limited time, seeking advice for managing finances efficiently. SUBMIT YOUR TIME SUCKING HURDLE! We want to know what is sucking up all of your time either as a teacher or just a person. Head over to our website and submit your TSH so that you can have a chance to be featured on the podcast! SUBSCRIBE & REVIEW Are you subscribed to our podcast? If you’re not, I want to encourage you to do that today. I don’t want you to miss an episode. Click here to subscribe to iTunes! Now if you’re feeling extra loving, We would be really grateful if you left us a review over on iTunes, too. Those reviews help other people find our podcast and they’re also fun for us to go in and read. Just click here to review, select “Ratings and Reviews” and “Write a Review” and let us know what your favorite part of the podcast is. Thank you!

Transcript

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0:00.0	Well, hello there, top teachers. We are your host, Bridget Spackman and Michelle Emerson,
0:05.5	and we are here to make your life easier by helping you master your time, organization,
0:10.4	and productivity as a teacher. Now listen, teacher friends, some of you are just starting your
0:15.8	summer break and others have been enjoying the sunny rays for about a month now. But no matter
0:20.6	when you start your
0:21.8	summer, we've got an episode that you can benefit from right now at any point in your teaching
0:28.0	career. In this episode, we're going to get a little Dave Ramsey, for those of you who know
0:32.5	who I'm talking about, by sharing our budgeting tips for teachers over the summer. But first, we have a TSA from a top teacher.
0:41.3	It is a lengthy one, but it ties in perfectly to this episode.
0:45.0	This top teacher says budgeting and life.
0:48.6	I changed jobs six months ago.
0:50.6	I love, love my new job so much.
0:53.5	It's a much healthier environment for me and a lot
0:55.8	of potential to move up in the company. My boss has even promised me a manager position as the company
1:01.5	grows. Anyway, although I didn't technically take a pay cut, I no longer get overtime. I knew I would
1:08.6	when I took this job and it was the main reason I had left my old job.
1:12.9	Though now I find myself spending more and more time mentally and physically preparing a budget to
1:18.5	make ends meet. It's weighing on my mental health and I'm constantly just paranoid that we're
1:23.0	going to overdraft our account and not have enough to cover our bills, gas, grocery, etc. I spend so much time
1:29.3	worrying about it and prepping a budget and I never feel content. Everything is just so expensive
1:34.1	that we live paycheck to paycheck. Please, any advice is good advice. I work 9 to 5 with a 40-minute
1:40.0	commute both ways and I would love a side gig, but my weekdays are practically full. And weekends,
	...

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