273-Three Budgets You Should Establish for 2016: Time, Money, and Food

Radical Personal Finance

Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP

Finance, Retirement, Insurance, Business, Money, Education, Self-improvement, Financial, Independence, Growth, Advice, Investing, Family, Personal, Radical, Christian, Faith

4.4 • 1.9K Ratings

🗓️ 17 December 2015

⏱️ 65 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The skill of budgeting is one of the major skills that drives the level of success you achieve in life. But it's a skill that's not only applicable to money but also to other areas of life.

In today's show I share with you my ideas on budgeting:

How budgeting is applicable to many areas of life, not only money.
The three major stages of budgeting.
Big ideas on concepts that are applicable to all kinds of budgeting.
Three types of budgeting tools.

Enjoy the show!

Joshua

Do you have student loans? I recommend connecting with Jay Fleischman for a review: www.studentloanshow.com/radical
Interested in writing a book? Call the Publishing Doctor: www.thepublishingdoctor.com
Need a budgeting system? Try YNAB www.radicalpersonalfinance.com/YNAB and Tiller www.tillerhq.com/radical
Need a time-tracking system? Try Toggl. www.toggl.com

Transcript

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0:00.0	Today in Radical Personal Finance, we're going to talk about budgeting.
0:04.0	Oh, you know what they say about budgeting?
0:06.0	The dreaded B word.
0:08.0	Man, I hate that joke.
0:11.0	I despise that joke. Do me a favor please. There are very few jokes
0:16.4	that you can say around me that makes me really angry, but that one does. I cannot
0:21.3	stand the negative attitude that so many people seem to have about
0:26.3	budgeting and it's perpetuated with stupid jokes like like that one.
0:30.0	Because here's my contention and I say this without reservation period. Budgeting
0:36.6	has the opportunity to change every single aspect of your life. If you understand what budgeting is, how it works, the
0:50.2	progressions of budgetinging and the areas to which you Personal Finance Podcast. My name is Joshua Sheets and I'm your
1:16.8	host. Welcome to the show. I am excited about today's show because some of the concepts that I have to share with you I believe will bring some real clarity
1:27.3	to the conversation around budgeting
1:30.4	Today I'm gonna give your framework for budgeting how you can apply it to your life and yes I really do believe that this show has the opportunity the potential to change your life. People argue about, well, they are, okay, people argue about everything.
1:51.0	And people who care about finance argue about everything finance related and budgeting is one of the sources of arguments that people love to argue about.
1:58.0	Talk about different ways and different approaches and things like that.
2:02.0	And yes, hey, we can argue about stuff.
2:04.8	I like a good argument sometimes.
2:06.8	But budgeting is one of those things
2:09.6	that you can't really get around.
2:11.9	And even the people who think they're getting around it,
2:13.9	I don't budget, I don't need to budget,
	...

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