EP90: The Budget Burndown Technique - with Jeff Whelpley
Money Peach
English - April 19, 2018 07:00 - 37 minutes - 26.3 MB - ★★★★★ - 150 ratingsEducation Business Investing budget debtpayoff entrepreneur financialfreedom investing money moneypeach peach savings Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
Did you know there are basically four different budgeting techniques to use with the everyday money. They are: the cash envelope system, the survival budget, the balanced money formula and the budget burn down.
If you’ve been a long-time listener, you know I am huge fan of the cash envelope system when you’re first getting started with forming a plan for your money. However, this doesn’t mean it’s a budgeting technique you have to develop and use forever.
This week Jeff Whelpley, the co-founder of Swish, is coming on the show to talk about the BUDGET BURN DOWN technique - which may be a great fit for you.
To give you a glimpse of how the burn down budget works, think of a fuel gauge on your car. Now, instead of gas and miles, think of money and life. If this doesn’t quite make sense yet --no worries. We will dive deep into the Budget Burn Down in this week’s episode.
Here’s what you can expect from this week’s interview:
Breakdown of the Cash Envelope System (still my favorite) Breakdown of the Survival Budget (best for the oh crap moments in life) Breakdown of the Balanced Money Formula (probably the most popular) Breakdown of the Budget Burn Down (maybe just what you’re looking for) How you can utilize the Budget Burn Down inside a free app
All the show notes, the Swish app and anything Jeff and I mentioned can be found at https://www.moneypeach.com/session90