March 31, 2025

Budgeting = A System for Your Money (Not a Restriction!)

38 minutes

In this Australian Finance Podcast episode, your hosts Owen Rask and Gemma Mitchell talk about why budgets get a bad rap and why they might just be your answer to building wealth.

If you like this Australian Finance Podcast episode, check out our other episodes and our budgeting FREE course. Don't forget to subscribe for weekly shows on Apple, Spotify, YouTube or wherever you get your podcasts.

Topics covered today:

Gemma and Owen break down why budgeting doesn’t have to feel restrictive—it’s simply a system to give your money direction. They share real-life client examples showing how the right money system creates clarity, reduces overwhelm, and helps people take control of their finances with confidence

Key Takeaways:

A budget is a plan, not a restriction.

Setting up separate bank accounts makes money management easier.

Rotating spending cutbacks prevents feeling deprived.

Focus on what you’re adding to your life, not just what you’re cutting.

Resources for this episode

Gemma spreadsheet for budget

Ask a question (select the Finance podcast): https://bit.ly/R-quest

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

View Betashares range of funds: https://bit.ly/beta-25

~~ Rask resources ~~

All services: https://bit.ly/R-services

Financial Planning: https://bit.ly/R-plan

Invest with us: https://bit.ly/R-invest

Access Show Notes: https://bit.ly/R-notes

Ask a question: https://bit.ly/R-quest

DISCLAIMER: This podcast contains general financial information only. That means the information does not take into account your objectives, financial situation, or needs. Because of that, you should consider if the information is appropriate to you and your needs, before acting on it. If you’re confused about what that means or what your needs are, you should always consult a licensed and trusted financial planner. Unfortunately, we cannot guarantee the accuracy of the information in this podcast, including any financial, taxation, and/or legal information. Remember, past performance is not a reliable indicator of future performance. The Rask Group is NOT a qualified tax accountant, financial (tax) adviser, or financial adviser. Access The Rask Group's Financial Services Guide (FSG): https://www.rask.com.au/fsg

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more

View all episodes

By Rask

33 ratings

March 31, 2025

Budgeting = A System for Your Money (Not a Restriction!)

38 minutes

In this Australian Finance Podcast episode, your hosts Owen Rask and Gemma Mitchell talk about why budgets get a bad rap and why they might just be your answer to building wealth.

Topics covered today:

Key Takeaways:

A budget is a plan, not a restriction.

Setting up separate bank accounts makes money management easier.

Rotating spending cutbacks prevents feeling deprived.

Focus on what you’re adding to your life, not just what you’re cutting.

Resources for this episode

Gemma spreadsheet for budget

Ask a question (select the Finance podcast): https://bit.ly/R-quest

Get 50% off your first two months using PocketSmith: https://bit.ly/R-PocketSmith

~~ Show partner resources ~~

Join Pearler using code “RASK” for $15 of Pearler Credit: https://bit.ly/Pearler