1631: 4 Budgeting Myths You Should Ignore by Kumiko of The Budget Mom on Simple Financial Smarts

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 27 August 2021

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kumiko of The Budget Mom shares 4 budgeting myths that you should ignore Episode 1631: 4 Budgeting Myths You Should Ignore by Kumiko of The Budget Mom on Simple Financial Smarts Kumiko went from having a pile of credit card debt to becoming a successful budgeter and Accredited Financial Counselor. The Budget Mom exists to empower women to build a life they love on a budget they understand and can afford. The original post is located here: https://www.thebudgetmom.com/budgeting-lies-vs-truths/ Fundrise is the future of real estate investing. Visit fundrise.com/ofd. Please Rate & Review the Show! Visit Me Online at OLDPodcast.com and in The O.L.D. Facebook Group Join the Ol' Family to get your Free Gifts and join our online community: OLDPodcast.com/group Interested in advertising on the show? https://www.advertisecast.com/OptimalFinanceDaily Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Optimal Finance Daily Episode 1631.
0:04.0	For budgeting myths, you should ignore by Camico of thebudgetmom.com.
0:09.2	And I'm your host and personal finance enthusiast, Diana Mariam.
0:13.6	This is the show where I narrate posts from your favorite personal finance bloggers,
0:17.7	with their permission of course.
0:19.5	It's as if these authors all wrote these amazing songs and I get to perform the covers.
0:24.9	For now, let's get to today's post as we optimize your life.
0:30.9	For budgeting myths, you should ignore by Camico of thebudgetmom.com.
0:38.9	The word budget looks scary to a lot of people.
0:42.2	It sounds like work, looks like restriction, and implies that you need to love math.
0:48.1	I went 24 years without a budget for one huge reason.
0:52.6	I didn't want to take the time to do it.
0:54.8	I was paying bills, making the minimum payments on my credit cards,
0:58.0	and I had enough leftover for food.
1:00.0	What else could I ask for?
1:01.8	Having this idea that budgeting would take up most of my life left me restricted to just getting by.
1:08.0	It's true that you can manage your money without a budget,
1:10.9	but you won't be able to manage your money effectively.
1:14.4	If you have a plan for your money, also known as a budget,
1:17.7	it's absolutely amazing what you can accomplish with the income you currently have.
1:23.5	Budgeting completely changed my financial life.
1:26.5	It can for you too.
	...

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