If you’ve had trouble staying within your budget—or even developing one—this episode of I’ve Been Meaning To Do That can help. Host Oscarlyn Elder talks to Perry Wright of Duke University’s Center for Advanced Hindsight about creating budgets that are more effective, tips for staying on track with your spending, and how budgets can reflect your values. They discuss (time stamps are approximate):

• Introducing Perry Wright (0:50)

• The role of budgets (6:30)

• Budgets provide visibility to spending (9:25)

• How budgets are often too optimistic (18:15)

• Create buckets for spending—but not too many (25:30)

• How budgets can reflect our values (28:15)

• Tips for taking action on budgets (32:30)

• Summing up the big lessons (43:30)

• What Perry has been meaning to do (48:40)

• Final thoughts from Oscarlyn (50:00)

The podcast team has created a template for taking notes on each episode. You can find it at Truist.com/resources/wealth/financial-planning/budgets-are-for-everyone

Have a question for Oscarlyn or her guests? Email [email protected].