Owen Rascovitch

How about you, Kate?

Do you use the 50-20-30?

Yeah, that's it.

What you say and what you do could be two different things.

That's right.

And you can only make those adjustments once you know, right?

And that's the thing.

Most people don't get to the point where they want to know.

Yeah, that's right.

Once again, these budgets are really easy to use.

I've used one of them, the Track My Spend app from MoneySmart, which we'll link to in the show notes.

Before we go any further, I really want to sit back and just talk about why we would even do this in the first place.

The reason why we would expose ourselves to this is so that we can identify where we're spending money and then make changes and hopefully save some so we can invest.

And the difference is when you start to invest as opposed to when you start to just spend on whatever you like is that you begin to earn interest or you begin to benefit from having money.

Yeah, and you get to make your money work for you.

That's right.

And people say that and it sounds like a throwaway line.

Like it doesn't – oh, yeah, good on you.

You know, you make money work for you, sure.

But –