Life Sherpa’s Budget Bliss

Course Outline

Life Sherpa’s Budget Bliss course consists of 8 transformative money lessons.

Module #1 why you need a budget

This first module is all about understanding budgeting.

Why you need one and how the right budget doesn’t have to mean deprivation – we promise not to ask you to give up your morning latte!

You’ll discover how a sustainable budget will set you free. Free from having to think every time you take out your wallet. Free from juggling bills and free from worrying how long it is until pay day.

You’ll learn how your brain makes money decisions and why will power alone is not the answer.

Module #2 Why traditional budgets fail and what you should do instead

In this module, you’ll learn why traditional budgets based on splitting your spending into needs and wants don’t work and what you should do instead.

I’ll show you why focussing on how your spending makes you feel is a better way and I’ll give you a frame work to analyse your spending.

You’ll learn how to achieve a healthy spending balance that fits within your overall income and aligns with your goals and values and your stage of life.

And you’ll get an insight into how the words you use around money reveals a lot about your spending habits.

Module #3 Where are you at right now?

I’ll show you a simple technique to help you review where you are actually spending now and how it compares to the Life Sherpa benchmark.

You’ll get access to the Life Sherpa budget check list as a Google Sheet, so you won’t miss any spending. This spreadsheet also does most of the hard work in analysing your spending. Don’t worry if you’ve never used a spreadsheet before – it comes with plenty of support.

Then you’ll track your spending for 30 days.

Once you know where you are – it’s time to make some changes for the better.

Module #4 The Big 4 expenses

In this module you’ll focus on the four things that will usually account of over half of your spending. I’ll show you that by getting these under control, you can free up space for the things that really matter to you.

And I’ll show you how one of the best ways to afford small expenses is to economise on large expenses.

Module #5 Optimising the Rest

Now that you’ve got the Big 4 under control its time to start optimising the rest. You will learn how to use the Life Sherpa PEARL method to identify leaks in your budget – places that your money isn’t helping you live the life you want as much as it could.

You’ll master the exchange rate that matters (hours for dollars) – how much you really make per hour and how to use this to better direct your spending.

And I’ll introduce some techniques to manage recreational or impulse shopping.

Module #6 Emergency Stash

In this module you’ll learn why you need an emergency stash – and why it’s the most important element in your financial plan.

I’ll show you how to tell if your stash is the right size and where you should keep it and nurture it. You’ll also learn why a credit card or line of credit is no substitute for a stash of cash.

Module #7 Your Banking System

This is the key to making your budget work for you. I’ll introduce you to the Life Sherpa banking system and show you how setting up your bank accounts the right way will make sticking to your budget a breeze.

Module #8 Review and revise

In this module I’ll teach you some techniques to become more aware of what’s happening with your spending and the signs that you might need to revise your budget.

A budget that goes off track can be a cause of discouragement and abandonment. I’ll show you the warning signs enabling you to plan in advance so it won’t happen to you.

You’ll also complete a short exercise to reveal how using credit affects your spending behaviour.