From the course: Budgeting in Real Life
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Move your boulders and pebbles
- I was working with a couple recently and they had a long history of arguing about money. One partner made lots of little purchases throughout the month and the other partner would add them up and get really frustrated with all the money being spent. But after we sat down and we did the boulders, pebbles, water exercise, they realized that it wasn't actually those little purchases, the pebbles that were the problem, rather more than 70% of their monthly income was going to three big expenses or boulders. Rent, student loans and childcare. No matter how hard they tried to limit those little purchases, they were pushing around pebbles when really they had a boulder problem. Identifying the opportunities in your budget will enable you to focus on the places where you have the most leverage. Here's some strategies to consider. First, make a list of all of your expenses from biggest to smallest. You can do it by hand.…
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