Hi and welcome to the podcast channel for PodcastMyBusiness.com .au and the content channel for ContentMadeEasy.com .au and today we have Sam from SpendingMadeEasy.com.au and she’s not a franchise with me. I’m joking. How you going Sam?
Summary
In this conversation, Tony Skinner interviews Samantha Boardman from SpendingMadeEasy.com.au about getting control of personal finances.
They discuss the importance of creating a spending plan rather than a budget, the common problems people face with their finances, and the benefits of monitoring and planning ahead. Samantha explains how her business helps clients develop good financial habits and prioritise their expenses.
They also touch on the concept of saving and the rewards of spending less. Overall, the conversation provides valuable insights and practical tips for managing personal finances.
Takeaways
Creating a spending plan is more effective than traditional budgeting for managing personal finances.
Monitoring expenses and planning ahead are key to achieving financial stability.
Many people are in denial about their financial situation and avoid confronting it.
Having the right support and guidance can help individuals develop good financial habits and make better financial decisions.
Saving money and spending less can lead to long-term financial rewards.
Sound Bites
• “If you don’t spend all of the money that’s coming in, you’ve got a little bit left over, it mounts up.”
• “Once it’s all up and we’ve got everything in, you know exactly how much money you need to have in your bank account at any one time.”
• “I like the idea of having little spending and savings accounts and you put money into each one of them separately or jack it all on your mortgage.”
Chapters
00:00Introduction and Background
03:05The Benefits of a Spending Plan for Personal Finances
07:03Common Problems and Challenges with Personal Finances
09:20The Importance of Monitoring and Planning Ahead
12:32Developing Good Financial Habits and Prioritizing Expenses
15:07The Rewards of Saving and Spending Less
18:26Conclusion and Call to Action
