Practical Budgeting Tips On How To Save And Manage Money | Australian Investment Education

Описание: 💲🧮📝Why is budgeting important? ✅Budgeting is one of the essential planks on the deck of any financial success. Yet for many people, it comes with such a negative connotation, they feel it's a stick, that beats them, instead of thinking of budgeting this way: it's a step, that you take today to ensure that all the things in life that excite you become possible. ✅Budgeting really can be fun, because the more you budget, the more you are likely to be able to achieve, and get what you want. 👍

☝On the other hand, for many people the notion of delayed gratification is the tough and challenging part, so watch this video till the end to learn how to see budgeting from the other spotlight and use it beneficially. 😎

In this "Money and investing" show Andrew Baxter and co-host Mitch Olarenshaw talk about budgeting, why you need to budget, and more importantly, give you some practical tools to help you get underway.

💻🎧📝 This episode will be very helpful for people, that are starting on that journey to learning how to manage their money and accumulate wealth.

00:00 Intro.
01:32 The Stanford marshmallow experiment about delayed gratification.
03:24 Practical tips about delayed gratification.
04:47 How does the process of budgeting look like?
06:53 Suggestions on the record-keeping.
08:08 Suggestions for grouping expenses.
13:36 The notion of color having fun with your budget.
14:49 Practical budgeting tips.
16:30 Examples of Do’s and Don’ts.
24:07 Why is cash flow so important?

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