How to Choose The Right Budget for You (Why budgets Create Freedom!)

The Personal Finance Podcast

Andrew Giancola

Investing, Entrepreneurship, Business

4.7 • 1.4K Ratings

🗓️ 3 February 2021

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

Episode 39: How to Choose a Budget System (Why budgets create freedom) The Reverse Budget The Zero-Based Budgets The 50/30/20 Budget The Envelope system Why budgets are freeing! Savings Chart Stuff I Recommend! M1 Finance Best Place to Invest Personal Capital Free Wealth Management and Budget App CIT BANK (Best Savings Account) ** Some links may be affiliate links and we earn a small commission at no extra cost to you. We only recommend products we truly believe in. Make sure to check out the episode sponsor Turbo Debt: www.turbodebt.com/FINANCE Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	On this episode of the Personal Finance Podcast,
0:03.2	we're going to talk about how you can choose the right budget system. What's up everybody?
0:24.0	Welcome to the Personal Finance Podcast.
0:28.0	I'm your host Andrew founder of Dollar After Dollar
0:31.0	com and today on the personal finance podcast we're going to talk about how
0:35.8	to choose the right budget system and if you don't have a budget if you don't have a
0:40.9	budget system in place this episode is for you.
0:44.0	Because I'm going to show you the various options of budgets that are out there and a couple of these
0:48.4	that I have talked about in past episodes, but I'm also going to present to you some new budget systems that may work for you.
0:55.0	And the reason why I want to show you a multitude of different budget systems is because
0:59.4	personal finance is extremely personal.
1:02.4	And some budget systems may not work for you and your family
1:05.4	and your personality but they may work really well for other people and those same systems that
1:10.3	work for other people may not work for you.
1:13.0	And one of the biggest things to do
1:15.0	before you get into thinking about which budget system you want to choose
1:19.0	is you have to think about your own personal personality.
1:22.0	Are you the type of person that needs to have
1:23.8	everything strictly set up in order? Everything has to be tracked perfectly
1:28.0	otherwise it drives you crazy. If you're type A everything probably has to be
1:31.6	tracked perfectly down to the penny.
1:34.6	Or are you the type of person that can never keep up with a budget that's down to the penny?
	...

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