1853: 5 Critical Questions You Need to Ask Yourself Before Creating a Budget by Kumiko of The Budget Mom

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Self-improvement, Education, Business, Investing

4.5 • 1.3K Ratings

🗓️ 6 April 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Kumiko of The Budget Mom shares 5 critical questions you need to ask yourself before creating a budget Episode 1853: 5 Critical Questions You Need to Ask Yourself Before Creating a Budget by Kumiko of The Budget Mom 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/5-critical-questions-you-need-to-ask-yourself-before-creating-a-budget/ Visit Me Online at OLDPodcast.com Head over to verygoodbutchers.com, and use the code “Optimal” at checkout for 20% off on their butcher shop quality plant-based meats. 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 1853.
0:04.4	Five critical questions you need to ask yourself before creating a budget.
0:09.6	Buy Comico of thebudgetmom.com
0:12.8	and on your host and personal finance enthusiast, Diana Mariam.
0:17.2	Now let's get right to it and continue optimizing your life.
0:21.6	Five critical questions you need to ask yourself before creating a budget.
0:30.1	Buy Comico of thebudgetmom.com
0:34.2	Here's a truth about budgeting that a lot of people choose to ignore.
0:38.8	Creating a budget simply to create one gives you the appearance that you have your
0:43.6	financial life in order. But the hard truth is if your budget doesn't
0:47.8	make sense to you, you'll never use it.
0:50.7	You'll be surprised how many people make a budget purely for the quick
0:55.0	satisfaction of just having something written down.
0:58.8	It doesn't matter if the budget template they're using applies to their life
1:03.1	or if the numbers are even accurate.
1:05.6	The idea of having a budget trumps reality.
1:09.5	Before sitting down to create a budget, it's important to answer a few questions first.
1:14.9	Not only will it help with the creation of your budget,
1:18.1	but it will ultimately give you the motivation for sticking to it.
1:22.5	Here are five critical questions you should ask yourself before creating a budget.
1:28.8	Number one, what goals do you have?
1:32.4	Ultimately, your money is your money.
	...

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