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S1E5: How to budget to make the most from what you earn

Making Money

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How to Set a Budget

There's a method called envelope stuffing, which is where you set a budget and then you get a series of envelopes on the each envelope. You might put rent, food, et cetera. And over the course of the month as you spend on items you take money out of the envelope. So for me, just a Google sheet with an incoming and outgoing transactions over like three months should give you a good idea of what's coming in. If you can't afford to save at the minute, that's okay. A lot of behavioral psychology shows that people avoid budgeting that feel like they're bad with money because they don't want to face up to it.

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