Hey everyone,
I’m trying to get better at managing my finances and was wondering how often you all create a budget. Do you do it monthly, quarterly, or just when things change? Any tips on what works best for you?
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Hello,
Creating a budget it depends on your financial goals and needs. Many people set up a budget annually and review it monthly to track expenses and adjust for any changes.
I don’t really keep track of my expenses on a daily basis, but I do check my finances every day.
In essence, treating it as if I’m training for a sport and persisting until it becomes second nature is crucial. Every morning, the first thing I do is check my primary checking account to make sure there are no unexpected surprises.
I think your wife would really enjoy the cash stuffing community on YouTube. This group, mainly consisting of women, is focused on enhancing their financial situation through budgeting. It has been an incredible source of inspiration for me as I managed to pay off $13,000 in credit card debt despite having a low income.
Since it’s just the two of you, you both make a great team. Why not have a quick “20 minute budget meeting” to chat and get her thoughts? Let’s focus on setting goals for where you and your family want to be, where you want to travel, and having some exciting things on the schedule for you to look forward to.