Episode 19: [Toolbox] The Four Rules of Budgeting

In this episode, we ask: Do you need a budget? How much is in the bank? What reaction do you have to budgeting? How do you keep your budget fluid? How do you use a budget? How can you be successful with a budget? What is a state of flow? Are you single and budgeting...

In this episode, we ask:

Do you need a budget?
How much is in the bank?
What reaction do you have to budgeting?
How do you keep your budget fluid?
How do you use a budget?
How can you be successful with a budget?
What is a state of flow?
Are you single and budgeting successfully?
What are the first three steps of budgeting?

Step 1: Enter your income. Add it all up.
Step 2: Budget it all. Put a name on every dollar.
Step 3: Follow it.

Can you budget passively?
Do budgeting apps count as budgeting?
What is YNAB?
How do you decide to use your time?
What are your priorities?
How do you actively participate in how your dollars will be spent?
If you don’t employ your dollars, what will happen?
Have you ever built a fictional, ideal budget?
How much did Mark budget for groceries before marriage?
Have you ever broken a budget?
What are the four rules of budgeting?

Rule 1: Budget Every Dollar AKA Give Every Dollar A Job

Have you ever wondered what happened to your money?

Rule 2: Embrace Your True Expenses

Have you ever had a “rainy day” expense?
Have you ever been surprised by the expenses of the holidays?

Rule 3: Roll with the Punches

Have you ever overspent?
Have you ever under budgeted?
Have you ever considered just giving up?

Rule 4: Age Your Money

How long has your money been sitting there before you spend it?
Are you living paycheck-to-paycheck?
How long can you wait before spending the income? 30 days?

What is budgeting about?
What is the purpose of budgeting?
How can you grow your awareness around your finances?
How can you budget your cash value in a Bank On Yourself policy?
Can you see how much you’re spending?
Would you like a hand with a budget? Book a meeting with us.