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Part 6 - Financial Heroes cont.

 Inez White and Dave Ramsey (plus a whole heap of other Youtubers!!) helped me get further out of the financial hole I'd dug myself. 

Through Dave Ramsey and the Baby Steppers I had a community of people all working together to break their poverty mindset and work towards achieving their financial stability and adopt an abundance mindset. 

Inez White and her team gave me the best support and financial education I've ever ever EVER had in my entire life. 

Going to Inez's weekly support development hui felt like a financial version of Alcoholics Anonymous. Seriously. 

We listened to her story, her advice and how to buy our first homes. She was passionately working her butt off to get as many Māori whanau into their first home - hopefully on Papakainga, Māori land. 

She was literally the biggest hope I ever had. I thought, Far, if Inez can do it... I could too. 

And seriously - I would not be in the position I am today if it were not for her night classes on financial stability. 

At the core of her learning sessions was this concept of Clean Banking. I loved it. She goes into so much detail in her programmes that she still offers. They're more online now than they were in the beginning but her video tutorials are just as inspiring. 

Clean Banking essentially meant that I needed to curb my spending, stop going into overdraft, no bank fees, bills paid, no bouncing of any bills, be realistic and re-structure my banking accounts. Be a good risk to the bank. Have good bank conduct. 

I wrote screeds and screeds of notes during her sessions. 

The main takeaway was the Clean Banking concept. And I hold it deeply still. 

With her help and her team - I restructured my accounts so that I would have a clearer idea of where my money was coming and going. 

This seems obvious right? But it wasn't. Not for me. Not back then anyway. 

Add in my struggles with my undiagnosed dyscalculia and ADHD and my financial issues begin to make a whole heap of more sense. 

The banking account structure: 

00 - Main Account -- The Money Tree (that's what I called mine 😂🤦‍♀️) 
01 - Day to Day Expenses (Eftpos Card)
02 - Savings

I now have mine structured a little different with the help of Alisha Brady from Enable Me - a financial consultancy firm. 

01 - Day to Day Expenses (Eftpos card)
02 - Main Account - Incoming 
03 - Savings
00 - Bills 

We did this because now it's way more clearer. Money comes into the 02 account and then gets dispersed into the other accounts: 

00 - $1500
01 - $300

Savings $500 ($250 goes to the Debt Consolidation Credit Card I have with Westpac) -- I'll explain how I got there later. 

With the bank accounts structured like this - I can easily show the mortgage broker and the banks what my incomings and outgoings are. 

The bank can easily see where my shortfalls are occurring and they don't have to keep hunting for the information or weave in and out of the accounts trying to figure out a banking pattern. 




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