Easy Tricks for Sticking to a Budget
Motley Fool Answers
The Motley Fool
4.4 • 823 Ratings
🗓️ 27 January 2015
⏱️ 20 minutes
🧾️ Download transcript
Summary
Make it easy. Make it automatic. Here are our best ideas for keeping your budget on track. Plus, everyday budgeting heroes at The Motley Fool share their No. 1 piece of advice.
Transcript
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| 0:00.0 | This is Motley Fool Answers. I'm Allison Southwick and I'm joined as always by Robert Brokamp |
| 0:08.6 | and Dayana Yokem, personal finance experts here at The Motley Fool. So on today's show, we are going to |
| 0:15.2 | give you our very best tips and tricks for sticking to your budget. And not only is the advice going to come from |
| 0:21.9 | our very own, Deanna and Robert, but we're also going to talk to a few everyday budgeting heroes |
| 0:27.1 | who work here at the Motley Fool for their secret to staying on target. So let's just get in today's |
| 0:33.0 | question. Sounds great. Doesn't that? All right. Today's question comes from Sarah, who is in Arlington, Virginia. |
| 0:40.3 | Dear Motleyful answers, everyone talks about needing a budget, and it seems pretty straightforward |
| 0:45.3 | to create a budget. |
| 0:47.3 | What I would love to know are your best tips on how to stick to your budget. |
| 0:51.3 | What can I do to make following my budget as automatic and painless as |
| 0:55.8 | possible? So when we talked early about how we were going to tackle this question, my first |
| 1:02.2 | response was, budgeting is so boring. And Deana's response was, no, it's not. This is super |
| 1:10.7 | exciting and fun. And she was, no, it's not. This is super exciting and fun. |
| 1:12.6 | And she was, like, being sincere. |
| 1:14.3 | I am. |
| 1:15.9 | I am. |
| 1:16.6 | There are a lot of ways to talk about this, and there's a lot of tricks you can use. |
| 1:22.3 | And it's actually kind of fun because when you're winning, it means you've got more money at your disposal to do with |
| 1:28.6 | what you want. |
| 1:29.6 | Right. |
| 1:30.6 | There's a clear correlation between people who budget and people who accumulate wealth. |
| 1:34.1 | So it's certainly worth doing. |
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