How Often Should I Evaluate My Budget?


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In episode 152 of Financially Simple, Justin considers how often small business owners should go over their budget.

Life happens, and when it does it can require you to reprioritize certain things - and inevitably, that is going mean checking your finances. Justin looks at why and when you as a small business owner should evaluate your budget.


01:11 - How Often Should I Evaluate My Budget?

02:03 - 12 Times You Should Consider It

02:13 - When You Get a Raise

02:55 - When You Take a Pay Cut

03:15 - Lose of a Job

03:50 - If Your Emergency Fund Drops

04:22 - Having a Baby

04:53 - If You Get Married or Move In Together

05:25 - If You Get Divorced or Move Out

05:50 - When You Buy a Property

05:58 - If You Relocate

06:46 - Once You’ve Paid Off Your Debt

07:18 - After a Major Tragedy

08:04 - When You Receive an Inheritance

08:32 - Summary


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The Financially Simple podcast provides information, guidance, and support to Small Businesses in the United States. Host Justin Goodbread is a serial entrepreneur, CFP (Certified Financial Planner), CEPA (Certified Exit Planning Advisor), CVGA (Certified Value Growth Advisor), Investopedia Top 100 advisor, and business strategist with over 20 years of experience. Justin owns Heritage Investors LLC, a registered investment adviser with the State of Tennessee. Heritage Investors only transacts business in states where it is properly registered or is excluded or exempted from registration requirements. This material is for general information only and is not intended to provide specific advice or recommendations for individuals. To determine what is appropriate for you, please consult a qualified professional.

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