Discover the tips and strategies that will help you achieve your retirement goals.

I'm your host, James Canole, and this is the podcast dedicated to helping you retire well.

It all starts right here on Ready for Retirement. for retirement.

Hi, everyone and welcome back to another episode of Ready for Retirement.

I'm your host, James Cannell.

The topic for today's episode is probably one of the areas of personal finance that people struggle with most.

A lot of people are great savers. They're great investors. They're great at many different things.

But the thing that trips so many people up, whether you have a lot of money or whether you

have no money, is budgeting. Very few people feel as if they have a very firm grasp of

exactly where they spend their money. And it's

because it's hard. Budgeting can be really challenging. And so on today's episode, what I'm going to

go through is I'm actually going to walk through my personal method for budgeting, how my wife and I

budget, because as I've developed this, as I've developed the system and share it with other people,

clients, friends, people looking

for help with budgeting, they found a tremendous amount of value in it. So I thought I would share

it with all of you. The reason I do my budget this way, before we jump into the details,

is people think of budgeting. Budgeting is almost a bad word. If you say budgeting and right

away, probably the first thing you're feeling is a little bit of stress or a little bit of anxiety because people have this sense that budgeting

needs to be a full-time job. The budgeting means tracking every single expense and making

sure everything adds up and you don't go over or you don't exceed any categories and it just

becomes overwhelming. And the goal of financial planning, from my standpoint,

the goal of doing the right thing financially is to have freedom from having to think about

...