In the latest episode of the Money Mindset Podcast on Budgets Made Easy, Ashley delves into the topic of the difference between budgeted and actual amounts.
Have you ever wondered which one to use or felt confused by these terms? Ashley clarifies it all in this informative discussion. Discover the significance of planning your budget and understanding the actual expenses you incur. Ashley also highlights the importance of accurately tracking your finances for effective financial management.
Don't miss out on this insightful episode that will help you gain clarity on budgeting and actual spending.
Hosting Today:
Hey, I’m Ashley Patrick, a personal finance expert and founder of Budgets Made Easy. I help busy moms create systems to save money and pay off debt so they can reach their big dreams faster and easier.
I was able to pay off $45,000 in just 17 months including $25,000 in student loans in just 10 months. I’m a Master Financial Coach and have a bachelor's degree in psychology and will help you get to the root of your money problems.
Since my journey started I have been featured on Fox Business, Yahoo! Finance, Food Network, USA TODAY, MSN, CNBC, NerdWallet, and many others.
“The most important thing is the actual, so the budget is the plan, but when it comes to like implementing, making sure you're on track, getting the overviews for the month and for the year and all those things, all of that is based on the actual, so your budget can still, you still need to do a budget because then you can make a plan, but the actual is what you've actually done. And so that is the most important thing. Whenever you are looking and trying to figure out what's not working, what is working, what you need to change. All of that is based on the actual amount.”
- Ashley Patrick
Timestamps:
00:00 - Introduction to today's episode
00:36 - Where to get your FREE Budget Starter Kit
01:30 - The difference between the Budget and Actual amount
03:18 - Role of the actual amount in assessing financial progress
04:00 - Overview of the paycheck budget spreadsheet
For easy step by step directions and worksheets on getting your budget together and done in 30 minutes a month, download my FREE Budget Starter Kit on www.budgetsmadeeasy.com/start
And if you enjoyed the podcast today and got some great takeaways, I’d really appreciate it if you followed the Money Mindset Podcast so you don’t miss out on future episodes
Resources and Links Mentioned:
- Budget Starter Kit: www.budgetsmadeeasy.com/start
Connect with Ashley:
- Instagram: www.instagram.com/budgetsmadeeasy