3174: 5 Critical Questions You Need to Ask Yourself Before Creating a Budget by Kumiko of The Budget Mom

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🗓️ 11 June 2025

⏱️ 11 minutes

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Summary

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 3174: Kumiko from TheBudgetMom.com highlights how a meaningful budget begins long before the numbers hit the page. By asking yourself five essential questions about your goals, expenses, household support, review frequency, and how to handle setbacks, you can create a budget that truly serves your life, not just your spreadsheet. Her approach ensures your budget becomes a flexible, motivating tool for long-term financial success. Read along with the original article(s) here: https://www.thebudgetmom.com/5-critical-questions-you-need-to-ask-yourself-before-creating-a-budget/ Quotes to ponder: "Creating a budget simply to create one gives you the appearance that you have your financial life in order, but the hard truth is, if your budget doesn't make sense to you, you will never use it." "Think long and hard about what your end goal is with your budget. Keep in mind that your budget should be something obtainable and realistic for you." "The key to making your budget work is to communicate with the other members of your household." Learn more about your ad choices. Visit megaphone.fm/adchoices

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1:18.2	By Camico of thebudgetmom.com. Here's a truth about budgeting that a lot of people choose to
1:25.7	ignore. Creating a budget simply to create one gives
1:29.9	you the appearance that you have your financial life in order, but the hard truth is if your
1:35.1	budget doesn't make sense to you, you'll never use it. You'll be surprised how many people
1:40.8	make a budget purely for the quick satisfaction of just having something written down.
1:46.8	It doesn't matter if the budget template they're using applies to their life, or if the numbers are
1:52.3	even accurate. The idea of having a budget trumps reality. Before sitting down to create a budget,
1:59.8	it's important to answer a few questions first. Not only
2:03.7	will it help with the creation of your budget, but it will ultimately give you the motivation
2:08.6	for sticking to it. Here are five critical questions you should ask yourself before creating a budget.
2:16.9	Number one, what goals do you have? Ultimately, your money
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