1. EachPod

Why Budgets Don't Work (and What Does Instead)

Author
Kristen Wonch
Published
Wed 01 Mar 2023
Episode Link
https://the-wealth-equation.simplecast.com/episodes/why-budgets-dont-work-and-what-does-instead-jilQ0y1H

Budgets have always been a dirty word. The way budgeting has been taught to us feels like a chore. It doesn't have to. Knowing where your money is going allows you to build wealth more quickly. Money clarity creates confidence. 

In this episode I break down:

  • Why spending a % of your income on housing, food, clothing, etc. makes no sense
  • The only budgeting system I've ever heard work well (it's not what you think)
  • What spending triggers are and why they're draining your cash.
  • 3 reasons most budgets fail

 

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The Truth Your Financial Advisor Doesn't Want You To Know
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