3 budgeting strategies that actually work

May 7, 2025

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In this Australian Finance Podcast episode, your host Owen Rask shares three budgeting strategies that actually work, so you can take control of your money without giving up the things you love. In this short but powerful episode, you'll learn:

Why budgeting isn’t about sacrifice
The importance of value-aligned spending
How to use the 50/30/20 budget as a beginner
How to make budgeting easier with free tools and apps

If you like this Australian Finance Podcast episode on budgeting, you'll love our series. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube, or wherever you get your podcasts!

Topics Covered

Why most people struggle with budgeting
Rethinking budgeting: It’s not about sacrifice
The 10 things activity: What brings you joy?
Strategy 1: The 50/30/20 budget
Strategy 2: Use our free budgeting spreadsheet
Strategy 3: PocketSmith – the advanced budgeting app
Final thoughts & tools that can help

Resources for this episode 📄 Learn more about budgeting:

~~ Show partner resources ~~ 💰 Join Pearler using code “RASK” for $15 of Pearler Credit – https://bit.ly/Pearler 📊 Get 50% off your first two months using PocketSmith – https://www.pocketsmith.com/rask/ 📈 View Betashares full range of funds – https://bit.ly/beta-25

~~ Rask resources ~~ 🔗 Explore all Rask services – https://bit.ly/R-services 📋 Learn about Rask Financial Planning – https://bit.ly/R-plan 📈 Start investing with Rask – https://bit.ly/R-invest 📜 Access Show Notes – https://bit.ly/R-notes ❓ Ask a question – just select the Finance Podcast – https://bit.ly/R-quest

📲 Follow us on social media: Instagram: @rask.invest – https://www.instagram.com/rask.invest/ TikTok: @rask.invest – https://www.tiktok.com/@rask.invest

DISCLAIMER This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs before acting on it.

If you’re unsure, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance.

The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG) – https://www.rask.com.au/fsg

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