Budgeting Bits

Pocket Budgeter Ltd.

Do you need help with your budget? Join Jordan Goulet, founder of Pocket Budgeter, as he breaks down tips and tricks to manage your finances. If you are just starting for the first time or a veteran, this show will help you get your budget under control! read less
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Creating A Financial Plan
10-05-2021
Creating A Financial Plan
Want to get your finances under control but don’t know where to start? Well, it always begins with creating a budget. But first, you need to understand where you want your budget to take you. You want to create a roadmap that clears the pathway for you. This is what a financial plan will do for you. In this episode, we’ll talk about financial plans, what you need to get started and how to create one. Don't have a budget?  Download the Pocket Budgeter mobile app! You can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/) If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com.

Episodes

Creating A Financial Plan
10-05-2021
Creating A Financial Plan
Want to get your finances under control but don’t know where to start? Well, it always begins with creating a budget. But first, you need to understand where you want your budget to take you. You want to create a roadmap that clears the pathway for you. This is what a financial plan will do for you. In this episode, we’ll talk about financial plans, what you need to get started and how to create one. Don't have a budget?  Download the Pocket Budgeter mobile app! You can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/) If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com.
How To Start Being Frugal
03-05-2021
How To Start Being Frugal
Living frugal helps you become aware of your spending habits and understand what purchases make you happy. In this episode, I will give some tips on how to be frugal. We will focus on the following categories: Budgeting, Food, Shopping, Household, Transportation, and Entertainment.  Don't have a budget?  Download the Pocket Budgeter mobile app! You can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/) If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com.
Credit Score
26-04-2021
Credit Score
I’ve mentioned a few times in my posts about not accumulated bad credit. But why does that even matter? What is a credit score anyway? In this episode, we will look at this more closely. We will also look at how to increase your credit score, what decreases it, how to calculate a credit score, and much more! If you want to download the Pocket Budgeter mobile app, you can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/) If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com.
Sinking Fund
19-04-2021
Sinking Fund
A sinking fund is a saving account that you contribute monthly for future purchases and expenses. What’s the difference between this and a regular savings account or an emergency fund? This is what we will look at in this episode since they are very different! We will also look at sinking funds more close, steps to set up your sinking fund properly, and some tips. If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com. If you want to download the Pocket Budgeter mobile app, you can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/)
Pay Off Debt Quickly
12-04-2021
Pay Off Debt Quickly
Debt can act as a thorn on the side when it comes to getting ahead financially. That’s why it’s beneficial to pay your debt off as quickly as possible. In this episode, we will go through some great tips to pay your debt off fast. If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com. If you want to download the Pocket Budgeter mobile app, you can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 (https://apps.apple.com/us/app/id1528795325) Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter (https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter) You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/ (https://www.pocketbudgeter.com/)
Common Budgeting Mistakes
05-04-2021
Common Budgeting Mistakes
Budgeting can be complicated at times, especially when you are first starting off. Even with a budget, you can lose track of where your money is going, or you didn’t hit your goals or debt payment some months. In this episode, I will go through some common problems people face when budgeting. We will also look at solutions to fix these problems! If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com. If you want to download the Pocket Budgeter mobile app, you can find it in the Apple Store here: https://apps.apple.com/us/app/id1528795325 Or the Google Play Store here: https://play.google.com/store/apps/details?id=com.pocketbudgeter.pocketbudgeter You can also visit the Pocket Budgeter website for more information and tools: https://www.pocketbudgeter.com/
Reverse Budgeting
29-03-2021
Reverse Budgeting
You probably have heard the phrase “pay yourself first”. But what does that really mean? Reverse budgeting uses this concept to focus on your savings before your expenses. Essentially, you budget around giving yourself money first, then you pay everyone else last. It helps you guarantee contributions to your savings and investments. In this episode, we will look at the strategy more closely, talk about who should use it and who should not. I will also go through some easy steps to get you started, as well as some tips and benefits of using this method. If you have any questions about this episode, previous episodes, or budgeting in general, send your question to budgetingbits@pocketbudgeter.com.
Zero-Based Budgeting
23-03-2021
Zero-Based Budgeting
Zero-based budgeting is a budgeting method that helps you delegate your take-home income to your monthly expenses. This means that you give all the money you earn a purpose every month. It helps you have full control over where your money is going and coming from. In this episode, we will look at Zero-Based Budgeting more in detail, how to implement it, and tips to succeed. If you have any questions about this episode, previous episodes, or budgeting in general, you can email us at budgetingbits@pocketbudgeter.com.
Envelope Budgeting
15-03-2021
Envelope Budgeting
Envelope budgeting is a method you can use to manage your spending. If you have problems with spending too much money or just controlling your finances in general, this is a great way to handle your budget. In this episode, we will learn how to use the envelope system, both physically and virtually. If you have any questions, email us at budgetingbits@pocketbudgeter.com.
Setting SMART Financial Goals
08-03-2021
Setting SMART Financial Goals
A crucial component of managing a personal budget is setting financial goals. Without it, you are blindly tracking your expenses. It is important to do this properly if you want to succeed in controlling your finances. In this episode, we will be looking at financial goals using the mnemonic acronym S.M.A.R.T. and how to apply it to short, medium, and long-term goals. You can also find some useful calculators mentioned in this episode here: https://www.pocketbudgeter.com/tools. If you have any questions you want to be answered on the show, you can email us at budgetingbits@pocketbudgeter.com. We would be more than happy to answer them!
Retirement: The Earlier You Save, The Better!
01-03-2021
Retirement: The Earlier You Save, The Better!
Unfortunately, retirement is something people don’t think of until it’s late in the game. The reality is you should start saving for retirement in your 20’s. The earlier you start saving the better. If you are in your 20’s or older, start planning your retirement savings as soon as possible. In this episode, we will be looking at how much you should save and the difference between saving for a long time vs a short time. Here is the link to the retirement calculator: https://www.pocketbudgeter.com/retirementcalculator.
Creating An Emergency Fund
22-02-2021
Creating An Emergency Fund
Setting up an emergency fund helps create a financial buffer when dealing with unexpected events. Has your car ever broken down and wasn’t sure if you can afford to fix it? What about suddenly losing your job? What about a leaking roof? In this episode, we will look at what an emergency is, how much you need to save, how to save, and some tips in succeeding!
Why Debt Sucks!
15-02-2021
Why Debt Sucks!
Everyone knows debt sucks. It’s never a good feeling to owe money. However, do you really know why debt isn’t fun beyond the fact that you owe someone payments? In this episode, let’s explore some key concepts of why debt sucks.  Also, here is the link to the blog post that contains the equations used in this episode. It also contains visuals that can help understand debt a little better. https://blog.pocketbudgeter.com/why-debt-sucks/
How To Set Budget Categories
08-02-2021
How To Set Budget Categories
Categorizing your budget is a component of budgeting that most people and applications overlook. By not categorizing your budget properly, you will lose sight of your spending. In this episode, we will talk about main-categories and sub-categories. Here is a link to the infographic mentioned in the podcast https://blog.pocketbudgeter.com/categorizing-is-key-to-successful-budgeting/. Just scroll down and you will find it.
The 50/30/20 Rule
31-01-2021
The 50/30/20 Rule
The 50/30/20 rule is a simple guideline that helps you delegate your take-home income to your budget categories. How much should you spend on groceries? How much should you spend on rent? How much should you spend on going out with friends? The 50/30/20 can help answer these questions.
How To Budget: The Tracking Process
31-01-2021
How To Budget: The Tracking Process
In this episode, we continue the discussion of starting a budget habit. In the last episode, we talked about the planning process. The other half of the habit is the tracking process. There are triggers and actions when it comes to the tracking process. We will discuss two of the triggers and the correct actions to take to make sure you are tracking your budget efficiently.
How To Budget: The Planning Process
31-01-2021
How To Budget: The Planning Process
In this episode, we discuss how to start a budget habit to control your finances. Specifically, we focus on the planning process of budgeting and the 5 steps to take at the beginning of each month.