What I Think About Budgeting

Budgets—you can’t live with them, you can’t live without them. Just kidding. You CAN and SHOULD live with a budget. You can’t go through life spending like you’re sitting on a pile of money when you’re not. Budgeting gives you a clear picture of the money you have coming in and the money you have going out so you can make informed financial decisions. A budget is the number one tool to help get and maintain control of your financial life. Unfortunately, not as many people budget or in a meaningful way as they should. Some people just choose not to do it. Others think they make good money so they don’t need to. Some people don’t budget because they think they don’t make or have enough money to. Then there are others that think it’s too complicated. And others think it will take too much time or waste time because they won’t stick with it. There are a ton of excuses I hear on why someone isn’t doing it. But the real bottom line is, they aren’t making it a priority in their life. In this show, I’m going to talk about what a budget is and why most people should use one, how to do it in a way that works for you, and how to evolve and stick with it.

Thank You!

The Military Money Show is sponsored by Charles Schwab. Since 1973, Charles Schwab has been helping people achieve better financial outcomes for themselves and their families. You can learn more about Charles Schwab and the work they do at Schwab.com.

About Lacey

Lacey Langford, AFC®, is a financial coach, writer, and speaker who changes people’s mindset from being fearful of money to having control and confidence with it. Money + military is her jam. She’s the founder of LaceyLangford.com, a personal finance blog and coaching practice specializing in the unique world of the U.S. military. She’s the creator and host of The Military Money Show, a podcast dedicated to helping the military community make, save, and invest money wisely. Besides being a financial coach, Lacey teaches other financial professionals to build a portable and profitable coaching business through her Financial Coaching Business Builder course. Lacey’s an Accredited Financial Counselor® with over 15 years of financial planning, counseling, and coaching experience. She likes long walks on the beach, cross stitch, and opera. Just kidding. She loves reality TV, chili-cheese Fritos, and laughing.