EPISODE SUMMARY

If you're listening to this episode, chances are that you're not a budgeter. I'm not a budgeter either! You need to know where your money is going but an automated system is going to be your best friend.

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TOPICS IN THIS EPISODE

1. If you've ever said "Ugh, I finally need to set up a budget", a strict budget might not actually be your best option. And that's okay! People's brains are wired differently but you just need to find a system that works best for you.

2. If you are looking for budgeting software, I'd start with Mint or You Need A Budget.

3. When building your budget, aim for the 50-30-20 rule for the categories of Needs, Wants and Savings/Debt repayment.

4. **If you don't want to set up a strict budget, start by automating your good habits**. If you think you need a budget, chances are that your money isn't going where you want it to every month. By automating your good habits of paying your bills on time, repaying your debt and contributing to your long term savings, you can guarantee that you'll start every month on the right foot. The more things you can automate, the fewer speed bumps you're going to hit every month.


RESOURCES MENTIONED

Mint

You Need a Budget

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