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Monthly Budget: How To Create A Budget Once And Use It Every Month | 66
Description
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*This episode was recorded when our business looked a little different, so some links, offers and resources mentioned may have changed. For the latest, visit budgetbesties.com.*
We don’t want you to be controlled BY your money. We want you to CONTROL your money. You probably have enough money, you just don’t have a plan.
That plan is the Rolling Budget!
The budget isn’t everyone’s favorite but it’s the singular tool to use to hit EVERY SINGLE goal you’ve got. Listen in for tips about starting & maintaining a budget as easily and effectively as possible.
In this episode we cover:
- What people are doing wrong when it comes to budgeting
- The step-by-step process to start your budget quickly
- How to do a bank account audit
- The difference between gross pay and net pay
- Best practices for setting up your budget
- The difference between bills, debt and expenses
- How to account for the different needs every month in the budget
- When you should use cash and when you should keep your money digital
- Why you should try cash
- How to use an emergency fund to make budgeting work
- Why a small emergency fund is okay
- What bills you need to shop around for lower prices
- Pro tips for communicating about money in marriage
- How to avoid emotional purchases
- Budgets & beer
Most people are using bank account balancing as their primary financial tool. This means they look at their phone to see if they can afford something. With a budget, you always know exactly what you can afford and how you’re going to meet your goals. A budget tells your money where to go rather than wondering where it went. Be sure to visit https://www.annualcreditreport.com/index.action
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This podcast is for educational and informational purposes only and is not personal financial, legal, or tax advice.
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