The Truth About Budgeting, Downsizing, And Lending Money | The Vault Episode 48

Send us a textIn Episode 48 of The Vault, we discuss this week’s controversial opinion, “the 50/30/20 budgeting rule is bullshit” before diving into our listener dilemmas:💸 "Do we have to downsize after our children have moved out?”💸 "My brother in law won’t pay us back”We’re super excited for a community member who paid off her first credit card - £3924! 💸✨ On to the next one, you’ve got this!If you’d like to share your money win, head to the community in the Financielle app or email [email protected] your (totally anonymous) money dilemmas to [email protected] and we may feature yours on a future episode 💌As a Vault listener, you can get a whopping 25% off our digital course, The Money Playbook. This is a step by step guide to being financially well. It has 101 lessons where you'll learn how to budget, ditch debt, build savings and grow wealth. Use this offer code at checkout: VAULTCheck out The Money Playbook course here  💸Chapters:00:00 Introduction00:44 Welcome to The Vault01:02 January Decluttering and Organizing04:36 Project Pan: Using What You Have13:09 The 50/30/20 Budgeting Rule Debate16:15 Sinking Funds and Financial Goals20:33 Adjusting Financial Goals Based on Life Stages21:37 Dilemma: Should We Downsize Our Family Home?23:38 Exploring the Benefits of Downsizing30:39 Community Win: Paying Off Debt31:59 Dilemma: Brother-in-Law's Unpaid Debt43:09 Conclusion and Final ThoughtsThe Vault is an entertaining yet thought provoking podcast that answers our community’s dilemmas and confessions surrounding women and money.Visit https://www.financielle.com to download our app.Watch the podcast on YouTube.Follow Financielle for more:▶︎ TikTok▶︎ InstagramAbout Financielle:Financielle is a female focussed finance app helping women to take back control of their money, ditch debt, increase savings and invest in their future.Recorded and Produced by Liverpool Podcast Studios▶︎ Web ▶︎ Instagram▶︎ LinkedIn