In this episode, I have a conversation with Jim Uren, a Certified Financial Planner Professional with Phase III Advisory Services out of Buffalo Grove, IL.
Jim shares some fantastic information on creating and keeping a healthy budget.
- Why is budgeting important? (goals, debt relief, stress relief, and more)
- Where should we start when it comes to creating a healthy budget? (Income, Fixed Expenses, and miscellaneous expenses)
- What are common mistakes? (Overly complicated, Lack of review, and not enough time given for the budget to work)
- What tools are available for people creating a budget? (Quicken, Mint.com, YNAB.com, EveryDollar App)
