The Budgetnista Tiffany Aliche: How to start budgeting


A young woman in her early 20s riding a chopper cycle.

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Having a strong budget can help you build financial wellness.

“A budget is a picture of what your money is doing,” Tiffany Aliche, also known as The Budgetnista, told CNBC during a Women & Wealth livestream.

“It’s the foundation where you build your financial house. You have to understand what your money is doing,” said Aliche, a personal financial educator and author of “Get Good with Money.”

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By examining what you spend and setting a budget, you may find the cash to build other financial safeguards, such as an emergency savings fund and retirement contributions.

“You’re supposed to give each dollar a job,” said Sophia Bera Daigle, a certified financial planner and the founder of Gen Y Planning in Austin, Texas.

It might also be good to think of your budgets from an annual perspective. Taking on a new, big expense like a car or house, or even experiencing the occasional emergency, can affect your monthly spending, said Daigle, who’s also a CNBC Financial Advisor member.

Three steps to start a budget

A lot of people hold onto the financial mistakes they made in their life, said Aliche. Don’t let the “tears and tissues” budgeting step derail you.

“Shame shields solutions,” she said.

To progress, lean on your community for emotional support and accountability. Figure out how to adjust your spending to bring your budget in line and give you room to meet your goals.

Also, “understand that money is a team sport,” said Aliche. You need a “board of directors” to help you reach your goals, such as an accountability partner, an accountant and a financial advisor.

SIGN UP: Join the free virtual CNBC’s Women & Wealth event on March 5 at 1 p.m. ET, where we’ll bring together top financial experts to help you build a better playbook, offer practical strategies to increase income, identify profitable investment opportunities and save for the future to set yourself up for a stronger 2024 and beyond.



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About the Author: Tony Ramos

Tony Ramos is a seasoned expert in business funding and real estate investment, with a remarkable journey spanning over 20 years. His expertise in flipping properties and implementing the buy-and-hold strategy has positioned him well in the real estate investment sector. Tony's profound understanding of financial strategies extends to teaching individuals and businesses how to become debt-free and leverage the power of LLCs for funding. For insights, mentorship, or collaboration opportunities, Tony can be reached at businessfundingnopg@gmail.com. Connect with him to unlock the potential of smart financial strategies and embark on a path to financial success and freedom.

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