Episode 167: Learn how to set personal finance goals and the power of budget tracking. We’re talking about the 2 Frugal Dudes Personal Finance Journal, tracking expenses, categorizing expenses, and achieving Financial Independence.Tune in to learn how you can win some extra freebies!
The word “budget” often gets a lot of negative buzz.
For people who haven’t dived into the budgeting process, it can seem pretty overwhelming. Do you need a spreadsheet? How much math is involved?
Slow down and take a step back.
A budget can be as simple as writing down what you spend your money on, how much you want to save, and bridging the gaps.
In other words, it’s sitting down and figuring out “where our money went.”
Using a Personal Finance Journal
A personal finance journal provides you with a simple format to follow while starting a budget and setting financial goals.
Writing down your goals makes you up to 42% more likely to achieve them. It also helps you build mindfulness and awareness about where your money is going every day. Those little expenses tend to add up unexpectedly; writing them down forces you to face your actions.
The 2FD Personal Finance Journal
The 2FD Personal Finance Journal provides clear templates and guidance that can help you start budgeting or refine your approach. The index tells you all about common terms that you’ll hear in the FI world so that you can make informed decisions in your budget.
By using the monthly templates, you’ll be able to create the discipline you need to meet your goals. We follow the format of the successful envelope system to create familiarity and understanding.
Your Financial Picture
Using the 2 Frugal Dudes Personal Finance Journal, you can get a high-level look at your financial picture. In other words, your net worth. We walk you through calculating your assets and liabilities to improve your net worth over time.
Disclaimer: Kevin and Sean are not professional financial advisors. Do not take any advice they give without first speaking with a professional and performing your own due diligence.This post may include affiliate links.
Episode 166: Learn about the nuances of federal student loans, misconceptions about loan forgiveness, and how to watch out for common mistakes when looking for student loan information with Michael […]