Episode Details

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Can you believe it's already February? We’re kicking off the second month of 2025 with a reset—because let’s be real, January is often a bit of a recovery month after the holidays. In this episode, Shana and Vanessa guide you through the process of closing out January and setting up a fresh budget for February. They walk you through the steps of reviewing your income, debts, bills, spending, and savings so you can hit the ground running this month.

From paying off debt to planning for upcoming expenses like vacations and sports, they share practical tips and systems to keep your finances consistent, clear, and in control. If you’ve been feeling a little “January hangover,” it’s time to reset and get those money goals back on track!

What We Cover in This Episode:

Closing Out January: Wrap up the month by checking your bills, tracking any changes, and ensuring everything was paid correctly.

Adjusting for February: Look ahead to your February income and tweak your budget for any upcoming changes.

Debt & Bills: Start by listing out your debt minimums and recurring bills—then check for any price changes or new subscriptions.

Cutting Costs: A perfect time to revisit your subscriptions (hello, gym memberships you’re not using!) and find savings where you can.

Spending: Make sure your spending categories (groceries, gas, pocket money) are realistic and updated based on the month.

Savings Buckets: If you have any leftover funds, consider how to allocate them for future purchases like travel, home repairs, or those bigger expenses that sneak up on us!

Setting Transfers: Plan your transfers by paycheck so that everything is automated and consistent throughout the month.

Goal Setting: February is the perfect time to revisit your goals—whether you’re saving for a vacation or paying off credit cards, make sure it’s in the budget!

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This podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice.

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