My 1-2-3 Method for Creating a Realistic Budget
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In this video, I share how to create a Data-Driven Budget. Corporate Finance has taught me the best way to predict your future spend is by looking at your past spending behaviours and overlaying that with any plans you may have. So, why should your Personal Finance be any different? I'll show you easy analysis techniques to slice and dice your past spend so you can create a realistic budget that is aligned with your life goals.
Time stamps are below so you can skip around!
0:00 Introduction
0:18 Analyse Spending History
2:08 Fluctuations
3:14 Context of Spend
4:37 Poor Decision-Making
6:20 Reduce Expenses
7:45 Redirect Funds
8:29 50:30:20
9:21 Life & Financial Goal Alignment
9:51 Incorporate Goals
10:27 Luxury Items
10:52 Budget Re-alignment
About ME:
Hello! I’m Dr Jeanne Fredericks. I'm a social scientist and the Owner of the consulting firm The Change Hub. I have a passion for learning and believe that education should be as accessible as possible. Hence, this YouTube channel. Over the years, while consulting at more than 20+ organisations, I’ve picked up so many life-changing habits that didn’t just help me succeed in the business world, but also in my personal life. I’m a strong believer that it is a privilege to help others succeed, so I’m sharing every bit of my knowledge to make this world just a slightly better place, one person at a time.
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Website: https://thechangehub.co.za/
Disclaimer: I am not a financial advisor. This video, and the ideas presented in it, are for entertainment purposes only and should not be construed as financial advice.
#money #budget #financialfreedom