Through the Pines Ep. 22 - How to Stick to a Budget

HOW TO STICK TO A BUDGET - THROUGH THE PINES PODCAST

Welcome to a Financial Planning Podcast with a down to earth vibe Sasquatch would listen to while churning butter, this is Through the Pines…

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Our financial wizards this week include Rex Baxter, Brandyn Smith, and Dan Nelsen

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SHOW NOTES:

 

What is a Budget?

Best Budget Methods

• Savings vs Spending vs Retirement & Investments
• Budgeting Debt (payoff)
• Budgeting for purchases
• Where does a budget live: Apps, Notebooks, etc?

 

Factors that Could derail Budgets?

• Life events - lost job, car repairs, divorce, medical
• Laziness - not putting in the effort
• Lack of Discipline (Greed) - wanting to make a purchase so bad you break budget
• Lack of support from life partner/spouse
  
  

S’more Numbers

How to get back on track

• Don’t panic
• Contact a professional
• Reset Goals

Craziest Budget Hacks (https://inspiredbudget.com/); https://www.nerdwallet.com/article/finance/best-budget-apps

• Freezing money
• Online Groceries, Shopping lists & Meal Plans
• Envelopes
• Pay Debt First
• Mini-Budget 
• Remove cc info from online shopping sites.
• Let items sit in your cart for 24 hours  
• Split subscriptions
• Side-Hustles
• Buy in bulk
• “No-Spend” Month Challenge
• Budget apps: Mint, Goodbudget, YNAB, EveryDollar, PocketGuard, Honeydue

Contact Info: https://www.ameripriseadvisors.com/team/baxter-nelsen-associates/

 

Through the Pines  -  Reminding you to use Yesterday’s Dollars to Finance Tomorrow’s Dreams