Wealth Wallet Workbook
Wealth Wallet
Session 03: Money Basics & Awareness
Name:
"Money management isn’t about being perfect. It’s about having a system so you know what’s coming in, what’s going out, and what choices you’re making."
My Habits
I don’t know where my money goes.
I avoid checking my bank balance.
Biggest Money Challenge?
The "Money Leaks" Checklist
Check any that apply to you:
Zombie Subs: Paying for apps I don't use.
$5 Blind Spot: Ignoring small daily spends.
Future-Self Debt: Using rent money for fun.
No Sinking Funds: Surprised by annual bills.
The Management Formula
EARNING + SPENDING + SAVING + PLANNING
Pro Level Tips
- 01 Give every dollar a "Job" before the month starts.
- 02 The 24-Hour Rule: Wait a day before buying anything > $50.
- 03 Separate your accounts: One for Bills, one for Fun.
Invisible Influence
Rank 1-5 based on how they affect your spending.
Social Media Trends
Peer Pressure
The Complete Money-Out Tracker
List all monthly survival and lifestyle costs here before planning your budget.
Survival Bills (Needs)
Rent/Mortgage $
Electricity/Gas $
Water/Trash $
Phone/Data $
Internet/WiFi $
Car Payment $
Auto Insurance $
Health Ins/Meds $
Basic Groceries $
Sub-Total Needs: $ _________
Lifestyle (Wants)
Dining/Takeout $
Netflix/Streams $
Hobbies/Games $
Clothes/Fashion $
Social Outings $
Misc/Personal $
$
Sub-Total Wants: $ _________
The Crisis Criterion
If you don't pay a Need, you face eviction, hunger, or lose your job. If you don't pay a Want, you might be bored or out of the loop, but you are physically safe.
Total Combined Out: $ _________
This number should ideally be 80% or less of your net income.
The Master Budget Planner
The Strategy: Using the 50/30/20 Rule for Balance
50%
Needs
Rent, Power, Food, Transit.
30%
Wants
Hobbies, Dining, Fashion.
20%
Savings
Emergency & Future Goals.
Step 01: Net Income
$
Step 02: Needs (Target 50%)
Needs Sub-Total (Page 2)
$
Annual Bill Savings (1/12)
$
Total Needs
$
Step 03: Wants (Target 30%)
Wants Sub-Total (Page 2)
$
Fun/Holiday Buffer
$
Total Wants
$
Step 04: Monthly Savings (20%)
Emergency Fund Goal
$
Step 05: The Bottom Line
Income - (Needs + Wants + Savings) = ?
$
Stress Test
A flat tire costs $150. If you have $0 in savings, where exactly do you cut from this month?
System Choice
Budgeting App
Rocket Money / YNAB
Digital Sheet
Excel / Google
My Action Plan
1 One spending habit I will break this week:
2 Specific system I will set up tonight:
UP NEXT SESSION
Banking & Credit Mastery
90 MIN FINANCIAL INTENSIVE
Money Moves Slides
Money Moves
Strategic Financial Awareness Intensive
The Management System
"Money management isn’t about being perfect. It’s about having a System."
Understand where money comes from.
Track exactly where it goes.
The Formula
Earning + Spending
Active Planning
The Money Leaks
Common mistakes that drain your bank account.
Zombie Subs
Paying for apps and streams you never use.
The $5 Blind Spot
Ignoring small daily spends ($150+/mo).
No Sinking Fund
Surprised by annual bills or holiday gifts.
Borrowing Early
Spending next month's rent on today's sale.
Needs vs. Wants
Logic of Crisis
Needs
Survival and daily function. Non-payment leads to crisis.
Rent Utilities Food Health Transit
Wants
Items that provide joy, but you can live without if needed.
Dining Out Media Gaming Fashion
The Expense Audit
Don't miss a single line item.
Housing
- • Rent / Mortgage
- • Power / Gas
- • Water / Trash
- • Internet / WiFi
Transport
- • Car Payment
- • Auto Insurance
- • Gas / Fuel
- • Bus / Rail Pass
Personal
- • Groceries
- • Health / Meds
- • Phone Bill
- • Household Goods
The 50 / 30 / 20 Rule
A mental model for balancing your life without the guesswork.
"A budget is permission to spend on what matters."
50% Needs
30% Wants
20% Saving
Let's Do The Math
Monthly Net Income: $2,000
Needs (50%)
$1,000
Rent, Power, Food.
Wants (30%)
$600
Hobbies & Dining.
Saving (20%)
$400
Emergency Buffer.
Pro Level Tips
Pay Yourself First
Savings is your most important non-negotiable bill.
Separate Accounts
One card for Bills. One card for Fun. Don't mix.
Money Mastermind Guide
Money Mastermind
Facilitator's Guide | Session 03 (90 Min)
Instructor Resource
Educational Mission
"Money management isn’t about being perfect. It’s about having a system so you know what’s coming in, what’s going out, and what choices you’re making."
Session Objectives
- Identify "Money Leaks" (zombie subs, daily small spends).
- Apply the 50/30/20 Rule for a balanced lifestyle.
- Build a Master Budget and stress-test it against emergencies.
- Commit to a tracking system (Apps, Sheets, or Journals).
Session Timing
- 01: Leaks & Habits 15 min
- 02: Budget Framework 15 min
- 03: The Deep Build 50 min
- 04: System Choice 10 min
01
Leaks & Habits (15m)
The "Zombie" Hunt Script
"Everyone take out your phones. Find your app subscriptions. If you haven't opened that app in 30 days, that's a Zombie. It's eating your future while you sleep."
"Spending is often an emotional response to pressure. We audit leaks to ensure we have money for things that actually matter."
Pro Tip: The 24-Hour Rule
Wait 24 hours for any purchase over $50. If you still want it tomorrow, it's intentional.
02
The 50/30/20 Framework (15m)
The Ratio Deep-Dive
- 50% Needs: Housing, Health, Survival. If these aren't paid, life stops.
- 30% Wants: Lifestyle, Joy, Hobbies. Permission to live.
- 20% Savings: Future-Self, Freedom. Armor against the world.
The Strategy Script
"Most people spend until the money is gone. We decide exactly how much goes to each bucket *before* we spend. If 'Needs' are 70%, we don't cut savings—we cut 'Wants' first."
03
Workshop: The Deep Build (50m)
Instructional Step-by-Step Walkthrough
1
Step 01: Net Income Reality
"On Workbook Page 2, list every take-home source. If you get paid hourly, use your average lowest month to be safe."
2
Step 02: Audit Survival (Needs)
"Go to Page 2 'Survival Bills.' Hunt for the 'hidden' ones (water/trash, car tags, annual insurance)."
3
Step 03: Designing Lifestyle (Wants)
"List your dining, gaming, and fashion. This bucket is your primary flex-point when things get tight."
Hidden Expense Audit
- • Water / Trash Fees
- • Car Registration / Tags