Part 3A: What is a Budget and How to Use Tools to Maintain One

In this video, we will explore the importance of budgeting and how you can use tools to maintain one. Budgeting is crucial for anyone who wants to achieve financial stability and success. We will begin by discussing spreadsheets and how they can be used to keep track of your finances and plan for the future. Specifically, we will look at three different types of spreadsheets: a budget planner/forecaster, a vacation expense planner, and a debt snowball setup spreadsheet.

In addition to spreadsheets, we will introduce several bonus tools that can help you better understand your financial situation. These include a net worth tracker, a retirement investments tracker and forecaster, a dynamic mortgage amortization table, a loan tracker, a vehicle loan payment tracker, and a family cell phone expense tracker. By the end of this video, you will have a better understanding of how to use these tools to maintain a budget and achieve your financial goals.