PB52: I Ain't Too Proud to Budget

May 3, 2017

While the Fyre Festival proves you can't buy common sense, but you can put a price on ignorance, Rich and Marcus use this week in viral events to try to figure out how a few Instagram models and an admittedly well-produced marketing video scammed hundreds of people out of thousands of dollars. Further, in an attempt to go platinum with no guest features, we bring back the Money Minute and This Week in Work segments this week. Finally, the hostest with the mostest wrap-up with a listener question on a career problem we wish we faced ourselves, "is it ok to take a break between jobs?"

Money Minute

• "I ain't too proud to budget"
• The 50/30/20 budget might be the easiest budgeting tool you didn't know you were missing
• How you can modify the traditional "envelope system" to help design a budget you'll actually use

This Week In Work

• Another week, another (old) person makes a sweeping generalization about Millennials
• Rich and I share our pros, cons, and (un)solicted opinions on John Pollard v. Millennials

Sponsor

Special thanks to our sponsor, FreshBooks. To get a free 30-day trial of their super-easy-to-use cloud accounting software, visit freshbooks.com/paychecks and enter “paychecks and balances” in the How Did You Hear About Us section.

References

• DebtFreeorDieTrying.com/Budget
• YoungAdultMoney.com: 6 Different Ways to Manager Your Budget
• Free 50/30/20 Budget Tool
• Millennial Savages Me on Glass Door for Giving Her ... Constructive Feedback
• GlassDoor.com
•  ICYMI
  • PB34: Become a Money Boss ft. J.D. Roth
  • PB51: How to Live Paycheck to Paycheck on $500,000 ft. The Financial Samurai

Announcements

Get your personal finances in order with Marcus' NerdWallet features:

• How This 34-Year-Old Man Fixed His Spending and Paid Off $30,000 in Debt – “Marcus Garrett is a natural spender. Saving money, on the other hand, was more of an acquired skill…” This article focuses on tips Marcus uses to force automate his budget and savings plans because, as we all know, budgeting sucks.
• How One Man Dug Out From $30,000 in Debt – The story covers 5 tips Marcus used to get out of and state out of debt and includes a FREE 50/30/20 budget tool from NerdWallet.

PB Blog: Rich and Marcus tackle a personal finance topic and listener question. Check them out!

• Personal Finance: I Can’t Get Down With Ditching Digit
• Ask PB: Should I Save for Retirement or Pay Off My Credit Cards First?

Check out Rich’s roundtable with Stacking Benjamins!

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Read Marcus’ book on how he buried and dug his way out of over $30,000 in debt, Debt Free Or Die Trying, on Amazon.

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