If you’ve ever heard the old-school approach to saving money from a financial advisor (or your parents) and thought “that sounds terrible,” you’re not alone.
Meet Alli Willams, founder + owner of FinanciALLI Focused . Alli created a money philosophy that teaches clients they can have a life while saving money + paying off debt with smart spending, all at the same time. 💵
This philosophy helped Alli save $17K in a year for her wedding, and also turned into a finance coaching business in which anyone can learn her modern money approach. (Read: this isn’t your dad’s financial advice.)
So, can you guess what’s really FactOrFiction when it comes to finances?
FactOrFiction: I have to give up everything to pay off debt.
💰 This is fiction. You can save money to pay off debt and spend at the same time.
Pro tip: Answer all of these questions about your debt, then map out your savings goals, then see what you have leftover.
FactOrFiction: Never use credit cards — pay in cash.
💰This is fiction. Use credit cards responsibly and always pay off your full balance. With great credit comes great responsibility.
FactOrFiction: I should start saving ASAP.
💰 This is fact. Allocate a purpose for your savings to make it harder to pull from and accidentally spend.
FactOrFiction: Spending money is bad when you’re saving.
💰This is fiction. Just be sure your spending is aligned with your values — cut what you don’t care about + spend on what you do.
FactOrFiction: If I’m on a budget, I’m restricted.
💰This is fiction. The word “budget” gets a bad rap. It really means you’re allocating money to specific buckets like debt payoff or travel savings — not that you’re eating rice + beans every night.
FactOrFiction: Managing money can be fun.
💰This is fact. Managing money isn’t complicated + time consuming when you get the hang of it. As you start to check off goals, you get excited.
FactOrFiction: Talking about money is taboo.
💰This is fiction. Money affects every aspect of our lives and we should talk about our money goals + wins. We bet your friends and family will support + celebrate with you.
Want to level-up your finances in 2022? Alli has a 12-week program, Flourish FinanciALLI
. This program is for women + couples in their 20s-40s who are ready to create a flexible financial plan to pay off debt, save + spend all at the same time to make managing money easy and (dare we say it?) fun.*