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Deep Dive: Budgeting With The Three Bucket Money Plan

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Manage episode 504123738 series 1385102
Content provided by Michael D. Levitt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael D. Levitt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This Deep Dive episode presents a "Three-Bucket Money Plan" designed to reduce financial stress and increase control through simplicity. The core idea involves assigning every dollar a specific purpose, dividing income into three categories: Save, Spend, and Grow.

The "Save" bucket acts as a safety net for emergencies and short-term goals, "Spend" covers daily needs and wants, and "Grow" focuses on long-term wealth building through investing. The plan emphasizes automation and consistent habits, suggesting a 50/30/20 split as a starting point and encouraging adjustments to fit individual circumstances, ultimately aiming for steady financial progress over perfection.

Read the full article: https://www.breakfastleadership.com/blog/save-it-spend-it-grow-it-a-no-drama-money-plan

Join our workplace culture community: https://Community.BreakfastLeadership.com

Want to beat BURNOUT? Pick up Burnout Proof today!

  continue reading

915 episodes

Artwork
iconShare
 
Manage episode 504123738 series 1385102
Content provided by Michael D. Levitt. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Michael D. Levitt or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

This Deep Dive episode presents a "Three-Bucket Money Plan" designed to reduce financial stress and increase control through simplicity. The core idea involves assigning every dollar a specific purpose, dividing income into three categories: Save, Spend, and Grow.

The "Save" bucket acts as a safety net for emergencies and short-term goals, "Spend" covers daily needs and wants, and "Grow" focuses on long-term wealth building through investing. The plan emphasizes automation and consistent habits, suggesting a 50/30/20 split as a starting point and encouraging adjustments to fit individual circumstances, ultimately aiming for steady financial progress over perfection.

Read the full article: https://www.breakfastleadership.com/blog/save-it-spend-it-grow-it-a-no-drama-money-plan

Join our workplace culture community: https://Community.BreakfastLeadership.com

Want to beat BURNOUT? Pick up Burnout Proof today!

  continue reading

915 episodes

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