4 Steps on How to Implement a Budget Plan So You Can Be Financially Secure
The Manhood Experiment - A podcast by Devon Wesley, Jason Sani, Tarek Statico - Thursdays
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“It doesn’t matter how much money you make, it’s how much you keep” - B.I.G. Dreamz Listen in as B.I.G Dreamz, J Dragon, and T Rex lay out why budgeting is important. Tune in to discover how to implement a budget plan that will allow you to be in control of your finances and will shift the way that you speak about money. Join in the conversation to discover: - Why is budgeting important? Dreamz, who works in the financial industry, shares how he wants you, the listeners, to win [03:49] - J Dragon tells about the poor spending habits he experienced while growing up [04:32] - T Rex shares about the scarcity mindset he had growing up and what he saw when he moved to America [05:18] - Dreams breaks down his financial journey and where it all started for him [06:33] - Step One: Which part of your budget is prepared first? [07:41] - The one thing that most people are spending way too much money on [08:49] - This is one of the first things you need to do when preparing your budget plan [10:03] - T Rex shares what motivates him to stay in budget [10:54] - Hear how J Dragons perspective drastically changed about finances after he got married [12:03] - Some advice for men who are in relationships [15:59] - Budget like a pro: What is the 50-30-20 method and how can it help you with your budgeting? [18:25] - Net and gross income… what’s the difference? [19:58] - The second step to successfully implementing the 50-30-20 method? [20:49] - Where do groceries fit into your budgeting plan? [21:14] - J Dragon discovers the importance of budgeting [24:48] - What is the third step and how will this change the way you manage and prepare your budget? [28:16] - What are the benefits of doing a bi-weekly budget and what is stress spending? [30:15] - Where does fun money fit into your budget? [32:41] - How do you organize your savings account? [34:58] - The importance of separating your money [38:21] - A recap of how to prepare your budget: Step four [41:31] - What does it mean to pay yourself in your budget plan? [43:47] - The Experiment of the Day to help you budget like a pro [45:45] _________ Submit your questions @ www.manhoodexperiment.com For more tips and behind the scenes, follow us on Instagram @manhoodexperiment and Tiktok @manhoodexperiment. If you enjoyed the show, please leave us a five star review and a comment telling us why you loved the show. Remember to click ‘subscribe’ so you get all of our latest episodes.