101: How to Set Up a Budget

This is part of the Budget like a Badass course.

Budget like a Badass

Creating a budget is not just important, it’s often the most important thing standing between the average person and financial success.

Budgeting sucked for our parents. It involved a checkbook, a million receipts, hours of work and plenty of arguments. It simply isn’t like that anymore – technology does the heavy lifting.

In these lessons we’ll show you how to use technology to automate your budget, the guidelines you should follow and how to spend as little time doing it as possible.

If you don’t have a budget, you have no business doing anything with your finances until you have this on lockdown. It’s the cornerstone of building wealth.

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Lesson 1: Budget Categories: Setting Them Up Without Losing Your Sanity

How detailed do you need to be with budget categories? Do you separate lunch from dinner or lump everything into a few areas? And which method is better?

Lesson 2: Prioritizing Your Financial Plan

By now as a long time LMM listener, you have a financial plan. But do you know how to prioritize it? We'll explain how best to get your ducks in a row.

Lesson 3: You Need a Budget – YNAB Review and a Chat with the CEO

The importance of budgeting can't be overstated. Today we talk to the king of budgeting tools, Jesse Mecham of You Need a Budget.

Lesson 4: How Much Money Can You Really Live On?

Andrew and Matt calculate the absolute minimum they could each live on. We hope it will inspire you to cut some of the frills out of your spending.

Lesson 5: The Importance of Creating a Budget

Do you have a monthly budget? If not, how do you know how much you can spend? How do you track spending? You don't! So you're going to start a budget.

Lesson 6: How to Budget Money for Dummies: The Complete Guide

Stop stressing over money. Just automate your finances so the computer can worry about the details, not you. In Budgeting for Dummies we show you how.

Lesson 7: Don’t be Cheap, be Smart. Budget!

You want to save money but you're wasting it on things you don't even realize like paying full price when you don't have to. Create a smart budget!