48. Personal Finances: How to Budget & Save Money

Learning how to budget and save money is a necessary personal finance skill everyone needs to know to not just protect themselves from debt but also accumulate wealth. Budgeting is the personal finance tool for taking control of your money and saving money. Leap of Fate Pod explores personal finances this week so you learn and understand how to budget, save money, and growing your wealth!
A budget is a written plan for how you will spend your money. It allows you to make financial decisions ahead of time, which makes it easier to cover all your expenses along with paying off debt, saving for the future, and being able to afford fun expenses. Budgeting consistently can help you turn your finances around and start the process of building wealth.
Why Budgeting Is Important in Personal Finance? A budget is a powerful tool because it allows you to determine how and where you want to spend your money. When you master budgeting, you make sure that every dollar is being used how you want it, and can track your spending to determine whether it matches your priorities.
Our guest this week Cameron Ross comes on to speak about all this and more in his personal life! He had no one to teach him so he had to teach himself how to leave the bad habits of poor budgeting and personal finances to save money.
What he realized like many others, often when people start budgeting they are surprised to see how much money is going to things that are not important to them, like eating out, mindless online shopping, or high-interest payments on credit cards.
Budgeting allows you to monitor your progress on financial goals and stick to your financial plan. Eventually, it creates opportunities to eliminate debt and build wealth.
Using a budget allows you to understand your financial situation and manage your money. It puts you in control, rather than allowing your money to control you.
Enjoy this fun and engaging podcast! Go save and grow that money!
0:00 Intro into Pod
1:00 Who is Cameron Ross?
3:30 Personal Finance and Budgeting - how to learn?
5:20 Tips for saving money and budgeting
11:00 Budgeting tools and influencers to follow who can help
14:00 Reinvesting money to make you money!
19:00 Crypto talk and how to be safe
24:00 Reflection on key points and ending
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