4 Steps on How to Implement a Budget Plan So You Can Be Financially Secure episode artwork

EPISODE · Nov 23, 2022 · 46 MIN

4 Steps on How to Implement a Budget Plan So You Can Be Financially Secure

from The Manhood Experiment · host Devon Wesley, Jason Sani, Tarek Statico

"It doesn't matter how much money you make, it's how much you keep" - B.I.G. Dreamz   Listen in as B.I.G Dreamz, J Dragon, and T Rex lay out why budgeting is important. Tune in to discover how to implement a budget plan that will allow you to be in control of your finances and will shift the way that you speak about money.      Join in the conversation to discover:   - Why is budgeting important? Dreamz, who works in the financial industry, shares how he wants you, the listeners, to win [03:49]   - J Dragon tells about the poor spending habits he experienced while growing up [04:32]   - T Rex shares about the scarcity mindset he had growing up and what he saw when he moved to America [05:18]   - Dreams breaks down his financial journey and where it all started for him [06:33]   - Step One: Which part of your budget is prepared first? [07:41]   - The one thing that most people are spending way too much money on [08:49]   - This is one of the first things you need to do when preparing your budget plan [10:03]   - T Rex shares what motivates him to stay in budget [10:54]   - Hear how J Dragons perspective drastically changed about finances after he got married [12:03]   - Some advice for men who are in relationships [15:59]   - Budget like a pro: What is the 50-30-20 method and how can it help you with your budgeting? [18:25]   - Net and gross income… what's the difference? [19:58]   - The second step to successfully implementing the 50-30-20 method?  [20:49]   - Where do groceries fit into your budgeting plan? [21:14]   - J Dragon discovers the importance of budgeting  [24:48]   - What is the third step and how will this change the way you manage and prepare your budget? [28:16]   - What are the benefits of doing a bi-weekly budget and what is stress spending? [30:15]   - Where does fun money fit into your budget? [32:41]   - How do you organize your savings account? [34:58]   - The importance of separating your money [38:21]   - A recap of how to prepare your budget: Step four [41:31]   - What does it mean to pay yourself in your budget plan? [43:47]   - The Experiment of the Day to help you budget like a pro [45:45]   _________   Submit your questions @ www.manhoodexperiment.com   For more tips and behind the scenes, follow us on Instagram @manhoodexperiment and Tiktok @manhoodexperiment.   If you enjoyed the show, please leave us a five star review and a comment telling us why you loved the show. Remember to click 'subscribe' so you get all of our latest episodes.

Episode metadata supplied by the publisher feed · Published Nov 23, 2022

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4 Steps on How to Implement a Budget Plan So You Can Be Financially Secure

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