Money Talks: Budgets

from Money Talks · host MPB Think Radio

We used as our guide for today's show: How to Choose the Right Budget System from Nerd Wallet https://www.nerdwallet.com/blog/finance/how-to-build-a-budget/Examples of 4 types of budgets systems are THE 50/30/20 BUDGET, THE ENVELOPE SYSTEM, PAY YOURSELF FIRST, and  THE ZERO-BASED BUDGET·      Automate your savings as much as possible so the money you’ve allocated for a specific purpose gets there with minimal effort on your part. An accountability partner or online support group can help, so that you’re held accountable for choices that blow the budget.·      Revisit your budget as needed. Your income, expenses and priorities will change over time. Adjust your budget accordingly, but always have one. Hosted on Acast. See acast.com/privacy for more information.

What this episode covers

We used as our guide for today's show: How to Choose the Right Budget System from Nerd Wallet https://www.nerdwallet.com/blog/finance/how-to-build-a-budget/Examples of 4 types of budgets systems are THE 50/30/20 BUDGET, THE ENVELOPE SYSTEM, PAY YOURSELF FIRST, and THE ZERO-BASED BUDGET· Automate your savings as much as possible so the money you’ve allocated for a specific purpose gets there with minimal effort on your part. An accountability partner or online support group can help, so that you’re held accountable for choices that blow the budget.· Revisit your budget as needed. Your income, expenses and priorities will change over time. Adjust your budget accordingly, but always have one. Hosted on Acast. See acast.com/privacy for more information.

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Money Talks: Budgets

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This episode is 49 minutes long.

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This episode was published on September 17, 2019.

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