Money Peach

EP90: The Budget Burndown Technique - with Jeff Whelpley


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Did you know there are basically four different budgeting techniques to use with the everyday money. They are: the cash envelope system, the survival budget, the balanced money formula and the budget burn down.

If you’ve been a long-time listener, you know I am huge fan of the cash envelope system when you’re first getting started with forming a plan for your money. However, this doesn’t mean it’s a budgeting technique you have to develop and use forever.

This week Jeff Whelpley, the co-founder of Swish, is coming on the show to talk about the BUDGET BURN DOWN technique - which may be a great fit for you.

To give you a glimpse of how the burn down budget works, think of a fuel gauge on your car. Now, instead of gas and miles, think of money and life. If this doesn’t quite make sense yet --no worries. We will dive deep into the Budget Burn Down in this week’s episode.

Here’s what you can expect from this week’s interview:

  • Breakdown of the Cash Envelope System (still my favorite)
  • Breakdown of the Survival Budget (best for the oh crap moments in life)
  • Breakdown of the Balanced Money Formula (probably the most popular)
  • Breakdown of the Budget Burn Down (maybe just what you’re looking for)
  • How you can utilize the Budget Burn Down inside a free app

All the show notes, the Swish app and anything Jeff and I mentioned can be found at https://www.moneypeach.com/session90

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Money PeachBy Chris Peach

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