The 15 Minute Budget
b"https://www.youtube.com/watch?v=I8x-_Fzcu3k\\n\\n\\n\\n\\n\\n\\n\\n\\nI've tried so many different budgets and ways of budgeting over the years, none of which work. Eventually with I created what I can The 15 Minute Budget as an easy way to create a budget and automate your finances and your savings.\\n\\n\\n\\nING Special Offer\\n\\n\\n\\nFree 15 Minute Budget Template\\n\\n\\n\\n0:00 - Introduction0:34 - What is The 15 Minute Budget3:48 - Bank accounts you need to make this work5:04 - Going through the 15 Minute Budget Template12:28 - Setting up automations15:43 - Managing your budget weekly16:41 - Setting up automatic transfers18:44 - What do you do when a bill is due20:11 - How to use this budget to pay off debt21:24 - Why this works so well for me22:31 - The 15 Minute Budget in a Nutshell\\n\\n\\n\\nTranscription:\\n\\n\\n\\nRyan 0:00I have tried so many different budgets and way of budgeting in the past, it's not funny at all, without much success either tried everything from putting cash in envelopes to using iPhone apps to daily tracking my money to give myself a daily amount, I tried so many different things. And all of them just I really struggled and failed to the point where I just didn't run a budget. And it wasn't until I started getting serious about my finances, that I decided I need to work out a way that works for me. And with the help of the Barefoot investor, in mixing some of my own ideas, I created what I call the 15 minute budget. Now, this is a budgeting technique where you can sit down and in a matter of about 15 minutes, you can kind of do a reset of your life, and quickly see how you're going in terms of income, what your regular expenses are, how much you know, you're paying in Internet and Phone and rent and things like that. And then you can look at, okay, how much money do I have leftover for spending each week, and you can give yourself a regular amount of spending money. And this is your focus. So the 15 minute budget is a sit down so you can look at this. But then you can also automate all of this sort of stuff. So your income comes in, then you automatically organize your regular expenses to be paid. So things like your rent, things like insurances phone bill, even bigger things that you have to pay for annually, like your car registration, these aren't going to be a shock to you anymore, because you're going to automate saving for those so that when your car radio comes up, and you've got to pay one or $2,000 for that, that money is already put aside, when your gas bill or your electricity comes up every quarter, you're gonna have money put aside for that. So we're going to automate everything. And then we're also going to give ourselves a set amount of money each week to live off. Well, you can do fortnightly or monthly if you prefer, but we're going to give ourselves a set amount of money each week to live off. That's our spending or our living money. And that's where our focus goes. So it's a sit down, it's a let's get clear bird's eye view of where I'm at. Let's then go ahead and organize and automate everything. And then all I have to focus on is my spending money each week. So my regular expenses, all paid for my debt reduction, all paid for my saving for my house deposit, all automatically paid for this will do everything automatically. And all I have to focus on is each week, I've got a set amount of money, let's say I've got $400 per week to spend. However, I like, okay, I can spend that on petrol, I\\n\\n\\n\\ncan spend that on going out, I can spend that on exciting things for my kids, I can spend that on school fees or shoes for everyone that week, how I spend this money per week is up to me. So this budget, I find within 15 minutes gives me complete clarity over my situation and where I'm at and what money I have to work with. But then this technique of allocating myself spending money, and automating everything else gives me flexibility in my life, I've got certainty that my debts are being paid, that I'm saving money,"