2274: Budgeting Tips: 10 Ways to Lower Your Life's Fixed Costs by Joshua Becker

Optimal Finance Daily - Financial Independence and Money Advice

Optimal Living Daily LLC

Investing, Business, Education, Self-improvement

4.4 • 1.3K Ratings

🗓️ 16 April 2023

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Joshua Becker of Becoming Minimalist shares ten budgeting tips that can help to lower your life's fixed costs. Episode 2274: Budgeting Tips: 10 Ways to Lower Your Life's Fixed Costs by Joshua Becker Joshua Becker and his family decided to live with fewer possessions after a conversation with his neighbor in 2008. As a result, they found a better way to live, centered on more important pursuits. Their story has been seen on the CBS Evening News, NPR, the Boston Globe, the Wall Street Journal and countless media interviews around the world. Their books have sold in the tens of thousands. BecomingMinimalist.com is about their journey towards a rational approach to minimalism. It is about the joys and the struggles. It is about the lessons they have learned. It has inspired millions around the world. It is written to inspire you to intentionally live with less, and find more life because of it. The original post is located here: https://www.becomingminimalist.com/budgeting-tips/ 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

Click on a timestamp to play from that location

0:00.0	If you are a lover of affirmations or you've just heard about how powerful they can be,
0:07.1	then you are going to love the Daily Affirmations for Women Podcast, created by the Women's
0:12.9	Meditation Network and hosted by the amazing Jodi Aegard.
0:17.4	Every morning you'll receive an episode that is dedicated to one specific affirmation,
0:22.2	so you can have this space to reflect on it and receive the power within it.
0:26.4	Follow and start listening now to the Daily Affirmations for Women Podcast on your favorite
0:31.6	podcast player.
0:35.4	This is Optimal Finance Daily, episode 2274, budgeting tips, 10 ways to lower your life's
0:42.0	fixed costs by Joshua Becker of BecomingMinimalist.com and I'm your host and personal finance enthusiast
0:49.6	Diana Mariam. Now let's get right to today's post and start optimizing your life.
0:59.3	Budgeting Tips 10 ways to lower your life's fixed costs by Joshua Becker of BecomingMinimalist.com
1:07.6	In accounting terms, a company's expense budget is comprised of two types of expenses,
1:12.6	fixed costs and variable costs. A fixed cost is an expense that does not change with
1:17.6	an increase or decrease in the number of goods or services produced or sold. These
1:22.4	are expenses that have to be paid by a company independent of any business activity.
1:27.4	Think rent insurance salaries. Variable costs on the other hand may change significantly
1:33.1	from one month to another based on the level of production or activity. Household budgets
1:38.3	hold the same reality. They're comprised of two types of expenses, fixed and variable.
1:43.6	Our mortgage payment, for example, does not change from one month to another, so it's
1:47.5	fixed. But the exact amount of money spent on clothing or ice cream varies wildly from
1:52.9	one month to another, so it's variable. In fact, the personal budgeting tool I recommend
1:58.4	most is built on the foundation of comparing fixed expenses to income in order to discover
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Optimal Living Daily LLC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Optimal Living Daily LLC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.