Ivy Talks About How Budgeting Changed Her Financial Future

When Ivy Thompson looks back at her twenties, she describes it as a “blur of spending and stress.” But today, at 33, she’s debt-free, building wealth, and helping others understand the power of budgeting.

“I used to live paycheck to paycheck. I didn’t know where my money went—it just disappeared,” Ivy recalls. Her turning point came when she overdrew her account one too many times. “It was embarrassing, but it forced me to face reality.”

She started small, using pen and paper to track her spending. Then she downloaded a budgeting app and began learning about different budgeting methods. “The 50/30/20 rule worked best for me,” she says, referring to the popular structure of allocating 50% to needs, 30% to wants, and 20% to savings and debt repayment.

After a few months, Ivy realized she wasn’t just spending less—she was gaining control. “For the first time, I felt empowered. I wasn’t reacting to money problems anymore—I was planning for the future.”

As her financial habits improved, Ivy tackled her credit card debt aggressively. She also built a small emergency fund and opened a Roth IRA. “Budgeting didn’t make me rich overnight, but it gave me clarity—and that changed everything,” she says.

Now, she uses a zero-based budgeting method and reviews her finances every Sunday. She recommends free tools like NerdWallet for anyone just starting out. “There’s no one-size-fits-all approach,” Ivy explains. “But every plan starts with awareness.”

Today, Ivy’s priorities include investing, saving for a home, and maintaining peace of mind. “I still enjoy life, I still have fun—but now, it’s all in the plan.”

Her advice to others is simple: “Budgeting isn’t about restriction. It’s about making your money work for you. That shift in mindset is everything.”