Welcome to the sixth episode of The In-Between Podcast!
This sixth episode will be a breakdown of the “I Challenge Everyone to Start Budgeting Their Money. Here is How to Begin” article.
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What is Budgeting?
The first question we must answer is, what in fact is budgeting? Budgeting is the allocation of funds to specific areas of your life. We all have an income that we then disperse into many different fields of our lives. To lump it all into a finite word, let’s call those specific areas of life, expenses.
Expenses are the things you pay for month to month that can range from rent to dining out. We all have varying types of expenses and that is why budgeting is a great way to gain a better understanding of how you spend your money.
In this podcast I am going to break down how you can take a simple excel sheet and turn it into your financial budgeting planner for everyday use. Seriously, guys, this will take maybe ten minutes and then you are good to go for tracking your money for the rest of your life. Just do it.
This process may raise some eyebrows as you go through and manage your money. You will either be shocked at how much you are spending or be very impressed with yourself on how much you are saving. Either way, it is time to put on your big-kid pants and take a hard look at yourself.
Follow along with the article I talk about in the podcast:
The In-Between Budgeting Article
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