2034: How To Stick To A Budget by Francisco Maldonado

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 18 September 2022

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

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Summary

Francisco Maldonado of The Finance Twins talks about how to stick to a budget Episode 2034: How To Stick To A Budget by Francisco Maldonado Camilo and Francisco Maldonado are the Finance Twins. Most people think money is confusing unless you are an accountant. We used to think that too. After working incredibly hard and catching several lucky breaks, we realized so many people are looking for ways to learn about personal finance, how to manage money, and how to get out of crippling debt. They have tons of tools and resources as well as countless articles that have everything you need to start your path to financial freedom. The original post is located here: https://thefinancetwins.com/how-to-stick-to-budget/ Visit Me Online at OLDPodcast.com 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 2034.
0:04.4	How to Stick to a Budget by Francisco Maldonado of thefinancetwins.com
0:10.2	And I'm your host and personal finance enthusiast, Diana Mariam.
0:14.6	Now let's get right to it and start optimizing your life.
0:22.3	How to Stick to a Budget by Francisco Maldonado of thefinancetwins.com
0:28.9	The key to most things in life is to not give up.
0:32.6	Sticking to a budget is no different.
0:35.3	Having a budget is the only way to know exactly where your money is going.
0:39.6	This is what will allow you to set and achieve financial goals.
0:44.1	If you haven't started a budget, listen to our post on how to budget and get started today.
0:50.0	We like to budget a month at a time using our spreadsheet budget template.
0:55.0	If you're already budgeting, you've experienced the ups and downs that come with the territory.
1:00.4	Having a budget is not always easy, but sticking to it can seem impossible at times.
1:06.0	However, there are some things you can do to increase your chances of sticking to a budget
1:11.0	for the long haul.
1:13.0	One of those things is flexibility.
1:16.0	It's something we have fine-tuned over many years of trial and error.
1:20.8	Finally on, we made the mistake of being way too rigid with our budgets.
1:25.1	It felt very restrictive and it simply wasn't fun.
1:28.7	Sure enough, we'd end up walking away from budgeting for a few months until we realized
1:32.7	we weren't making any progress on our debt.
1:35.3	Yup, we've even avoided going to the doctor when one of us broke a few toes simply to
	...

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