In this episode of Money Made Simple, Jennie and Liv dive into the essentials of budgeting - exciting, we know! We discuss what a budget actually is in simple terms, how to get started, and different methods that can help you manage your money more effectively. This episode is packed with practical suggestions and tools to help you understand and implement budgeting in your daily life. This episode covers:

• Understanding what budgeting really entails — planning your income versus your expenditure to ensure financial stability
• Discussing why budgeting is crucial for everyone, not just those struggling financially, by providing clarity and control over your finances
• Various budgeting techniques like the 50/30/20 rule and the envelope system to find what might work best for your lifestyle
• A bunch of online tools and resources that can help streamline the budgeting process, from simple apps to comprehensive financial platforms.
• Tips on how to stick to your budget and adjust it to life’s unpredictable expenses and changes in income - we know that challenges pop up!

Resources Mentioned in this Episode:

- Sorted.org's Budgeting Tool: Helps users create detailed budgets to manage finances effectively.
- PocketSmith: A budgeting tool that offers expense tracking and financial forecasting, integrating with your banking and KiwiSaver
- Money Lover: A simple, free app for basic budgeting needs
- MoneyHub: Provides reviews and educational content on various financial topics, including budgeting tools
- YNAB: A great American website/app that provides a lot of video content to help motivate you around budgeting!

By the end of this episode, you'll have a clearer understanding of how to approach budgeting in a way that suits your needs, and hopefully you'll be equipped with the specific tools and knowledge to get you on your journey! So tune in, learn a bit about the essentials, and share on if you find it useful %)

---
Please help us share the good word (and make Kiwis richer and smarter with money) - the more we grow, the more good we can do %) Don't forget to follow, subscribe and rate the podcast if you found it useful!

Find us:
Instagram
Facebook
LinkedIn

Disclaimer: This podcast contains personal opinions and is intended to provide educational information only. It doesn't relate to your particular financial situation or goals and is not financial advice or recommendations. Simplicity New Zealand Limited is the issuer of the Simplicity KiwiSaver scheme and investment funds. For product disclosure statements please visit Simplicity's website simplicity. kiwi.