The Bliss of a Budget

Oldest

My daughter. Love you!

Today I met with my oldest daughter who is almost 27 and heading off to a year in London for graduate school. She said, “Mom, I really want to go over my budget with you. I’m feeling really anxious about it.”

On our walk to the coffee shop (nothing like caffeine to trump up our emotions) I was yabbering on about how excited I am about my work with people on their relationship to money and how I wish I could do more to help emerging adults.

“Mom, most of my friends have debt and are maxed out. Spending money on coaching would be at the bottom of their list.”

She then went on to tell me about one of her friends who was in tears recently about her debt load and unsuccessful job hunt even as she (the friend) continues to spend in ways that even my daughter and company find excessive.

When we got to the coffee shop, we sat down and got to work. My daughter was clearly anxious, moving quickly, darting around, not focusing.  I stayed calm, focused her on a spreadsheet the college had provided and we worked through the numbers. As we progressed, her physical and emotional bearing transformed even as she realized she would fall short by $5K. “That’s great,” she said. “Now I know what I need to do.”

On the way home, I asked her to describe how she was feeling coming into our meeting.  “Anxious.” Then I asked her how she felt now. “Much much better. I’m excited. Having a budget clearly laid out gives me so much more clarity, sense of control and even possibility! “

“How valuable is that feeling to you?” I asked.

“Invaluable, Mom.”

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Note out to all my money mindset clients. This posting is for all of us who *think* budgeting is so limited.

p.s. For the first time I think my daughter finally got what I do for a living!