074 | Budgeting - Aligning Values, Evaluating Methods and Building a Personalized Plan
Description
In this episode, Eric and Tim discuss the ins and outs of a shared passion – budgeting. They see budgeting as more than a math calculation; they see it as aligning your values with your finances and a means to experiencing peace of mind. They also realize that there are a lot of challenges associated with budgeting, especially in getting started with your first budget. In this episode, Eric and Tim discuss the following topics:
- Budgeting as a reflection of your values
- Budgeting as a life enhancer – not a restrictor
- Various budgeting methods
- Building an emergency fund
- Budgeting for variable income, such as commission or seasonal
- Evaluating your budget
If you have any feedback, have topics you would like us to discuss, or if you would like to come on the show, feel free to email us at financialclassroom@gmail.com
Lending Tree Article: https://www.lendingtree.com/personal/budget-to-pay-off-debt/#:~:text=50%2F30%2F20%20budget&text=50%25%20of%20your%20income%20should,toward%20savings%20and%20debt%20repayment.
United States
