4: Budgeting for your Personal Finances

In this episode, we dive deep into the art of budgeting. Whether you're a budgeting novice or looking to refine your skills, this episode is packed with actionable tips and strategies to help you take control of your finances.

Key Topics Discussed include
1. Definition and importance of budgeting
2. Choose a Budgeting Method:
Types of Budgeting methods
· Zero-based budgeting
· 50/30/20 rule
· Envelope system
Recommended Budgeting method: 50/20/30
3. Tips for Sticking to Your Budge
4. Tips for maintaining budgeting discipline
5. Celebrating small wins
6. Recommended budgeting apps (e.g., YNAB (Why you need a budget)