2FD 002: Budget, Budget, Budget!

Time to start that dreaded budget!

Everyone talks about it but how do you start? We’ll talk about the different tools and methods for budgeting we’ve used in the past and what works for us. There are many ways to skin this cat but the basic concepts are important to understand.

It’s ultimately about learning what works for you and getting over the fear of looking at your accounts. Know where you stand so you can start measuring your progress. CHA-CHING!

Tune In Now!

*** Insider Extras ***

We love our Insiders! Everyone in our Frugal Insider’s Club will receive:

  • Entry into our monthly book giveaway.
  • Insider-only special offers, like a discount on any Early Retirement Roadmap package.
  • Recommended resources that Kevin and Sean use in their own lives
  • Insider-only articles outside of what we have time for on the podcast.
  • Priority on questions about your situation and case studies.
  • Entry into our Christmas Gift of Frugalness including a HD Antenna, an Amazon Fire Stick, Gift Cards, Books and much more!

Discussion Points

  • What is budgeting?
  • The essential steps to create a budget in order to move forward with your finances.
  • Getting out of the paycheck to paycheck mentality.
  • The insight into where your spending is adding up.
  • The different ways to track a budget.
  • Accepting where you are in order to start moving forward.
  • Breaking the fear of looking at your bank account.
  • The impact budgeting will have on your life.
  • The categories to use within your budget.
  • How to deal with miscellaneous expenses.
  • How granular to get with your budget categories.
  • Changing your budget with your life.
  • Paying yourself first.
  • Staying on track at the start of the month to not struggle at the end of the month.
  • Scrutinizing a budget category every month.
  • Recognizing your savings rate.
  • How to deal with variable income and bills.

Show Links

Related Episodes

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Thanks to http://www.bensound.com/ for the music used in the show.