S1, Episode 4: Budgeting

Budgeting isn't the most exciting topic but budgeting will only enhance your ability to invest so it's essential we cover this topic.

Think of it as a tool to help you build the strong foundation you need so you can properly invest. When you have better control over your money, you have a better idea of how much money you actually have, to put towards investing! Ultimately, you have to be disciplined enough to not just hold onto the money you earn, but you need to track the money you earn, and then you can take the next step in learning how to make your money grow.

A good budget is one you’ll stick with. Keep in mind if there’s no money for fun, you’ll be less likely to stick with your budget and this can hinder you from your goal of investing. Make sure your budget is used as a tool to help you, not a straitjacket to keep you from enjoying life.

Tune in to the latest podcast episode to learn more about how to make a budget, what a budget must cover, top budgeting apps, and the budgeting plan I recommend.