Budgeting or cash flow management, what's the difference in which is better for you?

Ruby, I am so excited to talk about this because we get asked this question all the time

and even sitting here waiting for the show to start looking through the chat, there are people that

get so like worked up about this like should I budget should I not budget is it good or is it bad

Is one better than the other and I love I love that we get to answer these kind of questions. I love that we can speak into things

that you are curious about so much so that every Tuesday we like to do a live

Q&A where we answer your questions. So right now we have the team out in the wings

collecting your questions.

If you want us to speak to a question that you care about,

make sure you get it in the chat right now.

With that, Riebe, would you like to tee up the first question of course?

I would. It is about Budgeting versus cash flow management. It's from the

Peter B. He says, I recall hearing the guys talk about graduating from budgeting to

cash flow management. Any details or advice for making this transition? We lean

heavily on our budget but are probably in a financial position with savings on

autopilot where we don't need to be so granular.

Thanks.

So, Bo, full confession, I budget right now.

Okay, fair enough.

You cash flow manage.

I do not budget, that is correct.

So I'm curious what the difference is to you, and then also what has that experience been like for you?

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