Jerlyn talks about the importance of budgeting and how to create a budget that works for you:

• Budgeting is essential for personal finance.
• There is no one-size-fits-all budget.
• Be realistic about your spending.
• Track your spending.
• Personal finance is a journey.
• Learn from your mistakes.
• Talk to a financial advisor if you need help.
• If you are unemployed, update your resume, network, apply for unemployment benefits, create a budget, and volunteer.

Email lifeafterrecess@gmail.com

--- Transcript:

Episode two Mastering Personal Finance Without Crying. Welcome back to another episode of Life After Recess. I'm Jerlyn your financial fairy godparent here to sprinkle some wisdom dust in the world of personal finance. In today's episode, we're diving headfirst into the deep mysteries waters of money that we all love and occasionally cry about. But hey, don't worry. I've got you back. First things first, let's tackle the budgeting beast. You know that thing that makes you feel like you're starring in your own financial reality show? Spoiler alert you are. But budgeting doesn't have to be a buzzkill. Here are a few tips to help you get started. Make a list of all your income and expenses. This will help you see where your money is going. Create a budget that works for you. There is no one size fits all budget, find something that you can stick to be realistic about your spending. It's okay to splurge sometimes, but don't overspend on things you don't need. Track your spending This will help you see where you can cut back. And remember personal finance is a journey. There'll be ups and downs, but don't give up. With little effort, you can reach your financial goals. And speaking of mistakes, We've all been there. The irresistible call of online shopping. You know, you're an adult when your shopping cart is filled with sensible kitchen appliances instead of the latest video games. Or both? Now let's not forget the oh so fun money mishaps. I once paid for a few months of gym membership and only went once. Classic adulting, right? But don't worry. We've all got stories like that. I'm here to share those mishaps and learn from them. If you're struggling with personal finance, it's a good idea to talk to a financial advisor. They can help you create a budget, set financial goals and make sound financial decisions. If you're unemployed like me currently, here are a few tips that has helped me manage my finances One. Don't panic. It's normal to feel stressed and anxious, but it's important to stay calm and focused. Oh, no, I'm panicking. Update your resume and start networking. Let your friends, family and former colleagues know that you're looking for a job. Apply for unemployment benefits if you're eligible. Unemployment benefits can help you cover your expenses while looking for a job like is doing for me right now. Create a budget and stick to it. This will help you help make sure that you're not spending more money than you have coming in and cut back on unnecessary expenses. This could mean things like eating out less, canceling unused subscriptions or finding cheaper housing. I know that's very tough in New York City. Volunteer or take a class. This can help you stay busy and active, and it can also give you some new skills that you can use in your job search. For example, I'm podcasting. Look at that. Take care of yourself. This means eating healthy, getting enough sleep and exercising regularly. It's also important to find ways to relax and de-stress. And then finally talk to a financial advisor. They can help you create a plan to manage your finances while you're unemployed. Do you have any financial advice to share? Contact me. My info is in the show notes. So dear listeners, remember, personal finance doesn't have to be daunting. It's a journey we're all in together, filled with a few stumbles and giggles along the way, but with a little education and planning, we can all reach our financial goals. Until next time.