Better Budgeting: Part 1

We kick off part one of our series on finance with a discussion on better budgeting. We talk strategies, mindset and tools to help you take control of money in your life.

Show Notes

• 2:06— What exactly is money and why is it important to understand how to manage money.
• 4:03— Ian channels his inner Biggie Smalls. 😀
• 4:39— The effect that money (or worrying about money) can have on one’s health and well-being.
• 8:02— The difference between guilt and shame and how that difference matters when it comes to money.
• 24:30— March and Darren talk about the peace of mind that comes with putting one’s finances on auto-pilot.
• 24:54— Darren shares story about how he was introduced to the concept of time value of money and how that has helped him understand how money works and how to better manage his own finances.
• 28:57— The Life Values Quiz as a tool to discover your own relationship with money.
• 41:15— Methods for beginning to budget including “the envelope system” and the 50/20/30 budget rule.
• 46:48— Some technology solutions for helping gain visibility on one’s finances including Mint, PocketGuard, and a simple Excel spreadsheet.

Mentions

• 📰 Article: Your Money or Your Life: 9 Steps to Transforming Your Relationship with Money and Achieving Financial Independence
• 💻 Blog: The Life Values Quiz
• 💻 Blog: ClarkHoward.com
• 💻 Blog: SmartAboutMoney.org
• 👍 Product: Kiva.org
• 📱 App: PocketGuard

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