374 | Tools to Simplify Budgeting and Tracking Finances

04/25/22 • 53 min

3 Listeners

In this week's episode, Brad and Jonathan discuss a variety of tools that can help you stay on-top of your budget. Whether you create your own tracking systems or don't have any expense tracking systems in place yet, there likely is a tool mentioned in this episode that can help you get one step closer to your financial goals! Remember, keeping your expenses organized can help you take drastic steps forward in your FI journey!

Timestamps

0:56 - Introductions
3:57 - Identity Statements and Failure
9:55 - The Post Tax Season Check-Up
13:33 - The Large Tax Return
17:34 - Simplifying Your Financial Life
22:34 - Loading Your Financial Tool-belt
26:25 - Tracking The Cost Of Your Life
34:53 - Tracking Softwares
42:17 - Envelope Systems
46:44 - Should You Use A Budgeting Template
51:56 - Conclusion

Resources Mentioned In Today’s Conversation

If You Want To Support ChooseFI:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Compare, buy, and save big on insurance with Policygenius
Keep learning or start a new sidehustle with one of our educational courses
Slash your cellphone bill without sacrificing service with Mint Mobile

Timestamps

0:56 - Introductions
3:57 - Identity Statements and Failure
9:55 - The Post Tax Season Check-Up
13:33 - The Large Tax Return
17:34 - Simplifying Your Financial Life
22:34 - Loading Your Financial Tool-belt
26:25 - Tracking The Cost Of Your Life
34:53 - Tracking Softwares
42:17 - Envelope Systems
46:44 - Should You Use A Budgeting Template
51:56 - Conclusion

Resources Mentioned In Today’s Conversation

If You Want To Support ChooseFI:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Compare, buy, and save big on insurance with Policygenius
Keep learning or start a new sidehustle with one of our educational courses
Slash your cellphone bill without sacrificing service with Mint Mobile

Previous Episode

373 | Natural Remedies, Startup Economics & Financial Literacy A to Z

In this weeks episode, Brad and Jonathan discuss some natural remedies your may find useful in your life, the economics behind the modern startup scene, and most importantly the basics pillars of financial literacy! Join the guys as they share their philosophy towards tackling financial literacy and why it is such an important topic to study. By knowing the rules of the game, maybe you can start to widen that gap between income and expenses! Timestamps

0:56 - Introductions
1:52 - Fulfilling Remedy Responsibilities
6:22 - WeWork and Startup Economics
12:47 - Increasing The Gap
17:11 - Picking a Career
20:20 - Financial Literacy A to Z
24:33 - Budgeting and Optimizing Expenses
32:42 - Automating Your Finances
36:06 - The Longterm Mindset
44:40 - Borrow and Protect
52:17 - Conclusion

Resources Mentioned In Today’s Conversation

If You Want To Support ChooseFI:

Earn $1,000 in cashback with ChooseFI's 3-card credit card strategy
Share FI by sending a friend ChooseFI: Your Blueprint to Financial Independence
Track your personal finances with Personal Capital
Compare, buy, and save big on insurance with Policygenius
Keep learning or start a new sidehustle with one of our educational courses
Slash your cellphone bill without sacrificing service with Mint Mobile

Next Episode

375 | What is Savings Rate and How to Calculate It?

In this week's episode, Brad and Jonathan continue along their, "Financial Independence A to Z," journey by examining savings rate and the many different ways it can be calculated! One of the pillars that sets the FI community apart is the emphasis on saving money in order to unlock more in your life. So, by having the right tools needed to calculate your savings rate, you can begin to make adjustments and hopefully start the process of taking back your time!

Timestamps