Episode 48: Where Does Your Money Go?

by Financial Design Studio, Inc. / July 22, 2024

You probably have questions about your money. We think most of the answers depend knowing where your money actually goes. So, in this episode we help you figure that out. By understanding your personal cash flow, you analyze how you spend and begin to plan for bigger goals.

Take a listen right here, or head over to your favorite steaming platform!

Key Moments

1:05 The biggest question financial advisors hear

10:24 Why is knowing your cash flow important?

18:20 How to breakdown your income

24:38 How to break down your expenses

30:57 Tools to analyze your spending

42:13 Closing thoughts

Links Related to Rob’s Story

We found those stats from this NerdWallet article!

Watch our video on planning your cash flow in retirement.

Read this article from The Joint Account about finding your spending limits.

Here’s how to calculate your spending without a budget.

Stay Connected!

If you want to hear even more episodes, like this one, be sure to subscribe to the Behind the Designs podcast on your favorite streaming platform! The Behind the Designs podcast shares with you an inside perspective at how financial advisors think about money. We’ll see you in the next episode.