Financial Wellness Network Money Matters: Blown Budget

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(Jessica) Welcome to Money Matters on the Southern Bank Financial Wellness network. I’m Jessica.

(John) And I’m John!

(Jessica) And today we’re talking about what to do when your budget blows up. Uh-oh.

(John) Uh-oh is right. Just when you think you have a good plan and everything is under control, here comes inflation, high gas prices, and …

(Jessica) So, what do we do?

(John) First, make sure you know why you’re off track. Did you have some unexpected expenses? Did you splurge on a vacation? Or did you just deviate from the plan? Once you understand the why, you can start to regain control.

(Jessica) Sounds stressful.

(John) You’re right. And it’s important to keep calm and don’t let the situation overwhelm you. The way to get back on track is one step at a time.

(Jessica) So, the first step is assess the situation. And the second step is don’t panic.

(John) Right. We’ll have some more tips next time.

(Jessica) Great. Thanks, John. We’ll see you next time on Money Matters. And remember, Financial Wellness starts here!

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