408-Budget Categories for the New Year that Actually Matter
Radical Personal Finance
Joshua J. Sheats, MSFS, CFP, CLU, ChFC, CASL, RHU, REBC, CAP
4.2 • 1.9K Ratings
🗓️ 9 January 2017
⏱️ 75 minutes
🧾️ Download transcript
Summary
What's the point of budgeting? Isn't it supposedly supposed to help you get richer?
Well, one way to make budgeting matter is if your budget categories actually help you to understand what's happening with your money.
Today, I walk you through some of my personal budget categories and explain how they impact my spending decisions.
I don't think you'll find these budget categories in any pre-existing software. But I do think they'll be really useful to you!
Joshua
- 246-You Need a Budget and Here's the Best Way for You to Make One! Interview with Jesse Mecham, Founder of YNAB
- 273-Three Budgets You Should Establish for 2016: Time, Money, and Food
- Try YNAB free for 34 Days! www.RadicalPersonalFinance.com/YNAB
- Use Libsyn to host your very own podcast! www.libsyn.com Get first month free with coupon code "radical."
- Support RPF on Patreon! www.radicalpersonalfinance.com/patron
Transcript
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| 0:00.0 | You need a budget and the new year is a great time for you to be starting and perfecting your budget. |
| 0:10.0 | Conveniently enough since today I'm talking to you about budgeting and sharing with you how I do my budget. |
| 0:16.4 | Today's show is sponsored by Wienab. |
| 0:19.0 | You need a budget. |
| 0:19.8 | The world's greatest personal budgeting software. |
| 0:22.4 | Get a free 34-day trial at radical personal finance. the sponsored by Libson, the podcast host that I use, and the podcast host or media host that I recommend |
| 0:36.4 | you use. |
| 0:37.6 | Get your first month of service for free using the promo code radical. |
| 0:42.4 | Libson, L-I-B-S-Y-N dot com use a promo code radical. It is a new year and |
| 0:50.4 | budgeting I'm sure is one of those things that's at the top of your to-do list. |
| 0:59.0 | After all, budgeting is essential at every stage of wealth. |
| 1:02.0 | And so today I'm going to share with you some specific tactics, |
| 1:05.0 | including even the categories that I use for my own personal budget. Welcome to Radical Personal Finance, the show dedicated to serving you with the knowledge, skills, |
| 1:31.9 | insight, and consistent daily encouragement that you need |
| 1:36.0 | to live a rich and meaningful life now while working on your plan for financial freedom in 10 years |
| 1:40.9 | or less. |
| 1:41.9 | My name is Joshua Sheets and I'm your host. Thank you for being with me today. Today we're going to be very, very practical. |
| 1:47.0 | Yesterday's show was a little bit about big picture, rvies and all that. Today, let's teach you how to budget for an RV or anything else that you want. |
| 1:57.0 | As we begin the new year, I hope that many of you are taking a fresh look and a fresh, |
| 2:05.2 | dedicating yourselves afresh to the nuts and bolts of finance. |
| 2:10.6 | It's important to always remember that as fun as it is to think about new subjects and as fun as it is to learn about new ideas, |
| 2:19.0 | oftentimes those ideas are more interesting than they are useful and practical. |
... |
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