Australian Finance Podcast Summer Series Part 3: Spending, Saving and Budgeting
Jan 7, 2026
In this chat, Gemma Mitchell, a senior financial adviser and author of 'The Money Reset,' dives into the essentials of budgeting. She emphasizes why a budget is crucial and the common pitfalls that lead to failure. Listeners learn about creating tailored budgets, managing finances as a couple, and optimizing spending without stress. Gemma also shares insights on her $10,000 challenge, encouraging participants to find creative ways to save and manage their money effectively while fostering better financial habits.
AI Snips
Chapters
Books
Transcript
Episode notes
Start By Knowing Your Spending
- Do track what you spend first because a budget is simply telling your money where to go.
- Use round figures or broad categories so the budget feels doable and not restrictive.
Mindset Wins Over Spreadsheets
- Mindset often determines whether a budget sticks because humans, not spreadsheets, spend money.
- Match your money systems to your mindset and habits for real results.
Build A Bare‑Bones And Aspirational Budget
- Do create two budgets: a bare-bones version that fits current income and an aspirational one for future income.
- Direct any extra money from raises or windfalls into your aspirational priorities so lifestyle creep doesn't consume them.
