Proactive Budgeting: Evaluating Spending and Avoiding Automatic Renewals

Today we’re talking about budgeting and encouraging that you CAN set and stick to a budget. It’s not easy, but it isn’t complicated either, so we’re here to make it as easy as possible.

Shownotes: https://meaningfulmoney.tv/YC4 

01:22  Budgeting is a baseline skill – spend less, earn more.

07:55  Budgeting should be forward-looking – be proactive not reactive.

09:30  Keep it flexible – Emergency fund for surprises.

12:27  Track – Establish your income, Identify what you spend your money on currently.

19:31  Plan – Pay yourself first, Know your triggers for (over)spending.

24:50  Do – Two account system, Bills and spending.

32:34  Review – Review weekly and at the end of the month. It’ll take time to bed in, so don’t beat yourself up if you don’t get it right first time.

40:44  Podcast Review.

42:17  News about the podcast.