
Whether you’re saving for a new house, trying to pay off credit card debt, or working towards retirement, knowing where you stand today is the first step to reaching your financial goals. We developed something called The Budget Grader that helps you evaluate yourself across 4 different areas of personal finance: Debt, Savings, Spending and Happiness.
In this video, I’m going to help you figure out which budgeting technique is the right one for you. We’ll compare and contrast 4 different popular budgeting techniques (Envelope System, Survival Budget, Balanced Money Formula and Budget Burn Down) and talk about why you would choose one over another.
NOW we get to the fun part. Let’s dive in and use the free Swish app to put your budget on autopilot.
In this bonus video, I create a simple budget for Budget Burn Down with a spreadsheet. You can access the spreadsheet here: http://whlp.ly/bbd-spreadsheet
This video shows an example of setting up your budget with Swish.
Some good questions about Budget Burn Down:
Are you ready to create a simple, powerful budget in just 30 minutes? Budget Basics will teach you everything you need to know to start budgeting, transform your relationship with money, and become debt-free.
Why Take This Course?
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Are you in debt? Do you have enough savings? Do know where your money goes every month? Most importantly, does the way you spend money, and the lifestyle it gives you, really make you happy?
If you’re like most Americans, you're probably not as confident as you'd like to be about your finances.
In Budget Basics, you'll learn how to cut unnecessary spending, reach your financial goals, and feel confident that you're spending your money wisely. Whether you're in debt, saving for a new house, or just trying to be better with your money, I'll teach you a simple budgeting habit that will radically transform your relationship with money and help you put your finances on autopilot.
Best of all, you'll learn everything you need to know to build your own budget in just 30 minutes.
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Please note that we do recommend you sign up for the free budgeting tool, Swish, during this course. This free tool, however, is not required and there are alternative approaches for setting up your budget that are described.