Think budgeting is complicated? Glen James says there are only two types of budgets you’ll ever need and knowing the difference could change your financial life.

In this episode of Get Rich, host Molly Benjamin sits down with Glen James, creator of the Glen James Spending Plan and host of the My Millennial Money podcast, to break down top-down vs bottom-up budgeting in a way that’s simple, practical, and actually works in real life.

Whether you’re living week-to-week, trying to pay off debt, or saving for your first home, you’ll learn:

• The two types of budgets explained and which one works best depending on your stage of life
• How the bottom-up budgeting method works and why it’s perfect for people with existing expenses and commitments
• How to set up a weekly spending plan that covers bills, goals, and fun money (without the guilt)
• The 4 levers to pull when your budget isn’t working - including how to cut costs without feeling deprived
• Why habits matter more than spreadsheets when it comes to sticking to a budget long-term
• Common budgeting mistakes and myths and how to avoid them

If you’ve ever searched how to budget, top-down vs bottom-up budgeting, or how to create a spending plan, this episode will give you a clear framework you can start using today.

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