Top Budgeting Tips & Understanding Net Worth
Earn Your Leisure
iHeartPodcasts
4.9 • 7.9K Ratings
🗓️ 18 September 2023
⏱️ 10 minutes
🧾️ Download transcript
Summary
In this comprehensive guide, we dive into the world of effective budgeting and the importance of understanding your net worth. Whether you're a financial novice or seeking to refine your money management skills, this video offers invaluable tips and insights to elevate your financial acumen.
Don't miss out on these key strategies to optimize your wealth. Subscribe for more expert financial advice and insights! #budget #networth #personalfinance
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Transcript
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| 0:00.0 | Not adjusting your budget is another thing so you want to make sure that if anything happens just adjust your budget |
| 0:05.3 | Hey, if you have that emergency then you can say, okay, well right now. I'm not gonna be over paying you know paying down the debt |
| 0:13.3 | Now I need to go back to replenishing my emergency fund or up this came in unexpectedly |
| 0:19.7 | I don't have enough of my emergency fund, but I do have some but now need to move a few other things around so that I can you know |
| 0:28.6 | Pay, pay for this and working with the budget allows you to see where your money's going so you can move things around okay |
| 0:36.4 | So make sure you do adjust the budget, but for whatever happens, okay if you get a new job |
| 0:43.4 | You know you're making less if you're making more adjust your budget because if you leave money without an actual |
| 0:50.0 | Function without an actual task something to perform. You're going to spend it |
| 0:56.9 | That's gonna be on turning up or doing whatever that you love to do |
| 1:01.5 | So don't wait like do not wait to |
| 1:06.0 | Allocate where your funds go because anytime that I say oh, yeah, I'm gonna just see how much I have left |
| 1:11.9 | Don't do it. If you're gonna say you're gonna pay $300 toward that credit card go ahead and pay it |
| 1:16.8 | When you get the money, but don't forget to pay yourself first, too, okay |
| 1:21.6 | Neglecting your debt repayment make sure you know, just that you need to do, okay |
| 1:28.4 | But all the crazy stuff that's going on in the world right now we got to get our finances together because we really do need economic power |
| 1:35.2 | We can see right we need economic power so we can have political power because the way these laws is functioning right now |
| 1:42.9 | Oh |
| 1:45.9 | Yeah, we need to be able to put people in place |
| 1:49.0 | Right, we need to put but we can't do that. We don't have economic power |
| 1:52.9 | Um lack of financial goals, okay |
| 1:58.5 | Okay, um, so that's and this is another common mistake on budgeting |
| 2:04.0 | Your budget you don't want to just be budgeting for the sake of budget |
... |
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