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WCI #258: How to Set Up a Budget, and Why It Can Be So Valuable

White Coat Investor Podcast

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The Pay Yourself First or a Backwards Budget

A pay yourself first or a backwards budget is an automated way to set up your spending. You've saved and paid yourself first, and then you spend the rest. A zero based budget in someone who's money situations really critical could help them turn it around. Once you figured out how to not spend everything you earn, you can really free up the rules around your budget.

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