In this episode, you’ll learn how to successfully start tracking your expenses. The first step to creating a budget is knowing where you are currently spending your money and how much you spend in each category. Only then can you truly start to spend your money more intentionally.
Show notes: https://www.winenancefi.com/post/episode-4
TIMECODES
0:00 - Intro
5:28 - Tracking Your Net Worth (last week’s challenge of the week)
9:56 - What does “tracking expenses” mean?
12:07 - Tracking Expenses vs. Budgeting (what's the difference?)
18:30 - Tracking Expenses is the First Step to Creating a Budget
19:30 - Determine how much to spend in each category
29:59 - How to track your Amazon purchases
32:22 - Why it’s ok that your expenses fluctuate as your life changes
39:25 - The 24 hour rule (wait at least 24 hours before making impulse purchases)
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Music: Merengue de Limon (Quincas Moreira)
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