5 Lessons From 15 Years of Budgeting

Show Description
Making a plan for your spending is a powerful way to build wealth. And after 15 years of doing this, I’ve learned a thing or two. Here are five important lessons I’ve learned about budgeting.

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[tcgtpl]

1. Tracking your spending
2. The miscellaneous category
3. Your budget will be different every month
4. Working towards a specific budget goal
5. Cash out the categories that you tend to overspend

[lindawilson]

Great advice. I can vouch for tracking your spending. You will be surprised at how much $$$ is going to purchases you thought "Oh, I hardly spend anything on A few years ago I tracked how much was being spent on restaurants/bars, drive through, carryout, and delivery meals. Oh, that can't be right...and it was LOL! Nipped that in the bud!

[brg]

Good information. The envelope system really helps. Unexpected stuff comes every month. That is the toughest category to keep ahead of monthly.

[ybbgimg]

married for 29 yrs, till she passed. she was a disabled stay at home. she worked the budget, i worked the work. we were always broke, even tho the house was paid for and there was money for bills and day to day. turns out, when she passed i found closets stuffed with stuff and learned she was a shopoholic. ''just because you ''budget'', does not mean u do it well... 6 years on, i don't budget, i don't
keep track and everything is auto pay. ''last 6 years have been the best ever.''

[JP-nllb]

Thank you Rachel! I'll have to try the misc. category for dental and vision appointments, these bills are never consistent and it drives me nuts. Worst system ever, you've had my insurance for two years. You should be able to tell me how much my appointment is going to be at the beginning of my appointment and add on work from there. SMH <3 Thanks again!

[traciesmobile]

Re different but known items each month sinking funds work to achieve consistency.

[melissahyslop]

I remember when Dave said you should not have a miscellaneous category, because you’re being specific about where your money is going.

[Flockko]

I wanna attend the seminar in Tennessee!

[abraham.j]

Make EveryDollar available in India ASAP

[bexh]

I love your advice Rachel, but I had to give up on this video because the background music was so loud and distracting!

[stephaniesmith]

Does anyone know where her top is from?

I have shopping budget available and 100% want to put it towards this top!

[stevenbiddle]

I would love to try the app but it's not available in my region

[traceyoconnor]

Is there a British pound equivalent of every dollar?

[leldekupce]

Any chance to welcome Everydollar in Europe? Waiting for a years now

[jzfppqy]

Can both my spouse and I have the every dollar app on our phones for the same account? So we can each track spending?

[clydare]

Hi Rachel I can’t get the every dollar app in my country

[tim_]

Wait for it………here comes the………every-dollar plug

[ybbgimg]

widow now.
i have read many seniors talking about a
''ramsey silver program''
is that ever gonna happen?
u kids are missing a HUGE market potential...

[typsqei]

You did 3 commercials in this maybe more

[allisonhritz]

Sorry, I didn't budget for the $70 wallet