Welcome to the second episode in our 5-part podcast series on the 5 Essential Pillars of Personal Finance. At Your Money Style, we believe personal finance doesn’t have to be complicated—and that continues with building and understanding your budget.

Your budget is the foundation and game plan for every dollar of your income. Building a budget allows you to plan for how you want to spend, save, and invest your income.

In this episode we dive into why having a budget is important for everyone, no matter their financial status! And also the helpful steps you can take before creating a budget, and how to create and manage the budget that works perfectly for you. It’s helpful to understand where we are spending our money and ensuring our game plan is setting us up for our future financial goals.

Stay tuned as we dive deeper into each of the remaining pillars in the coming weeks!

You can read the full show notes here.

Thanks to our sponsor:

• Rakuten - www.rakuten.com/r/LIVEYO262?eeid=28187

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Resources

50/30/20 Method

Envelope Method

Budgeting Apps