Listen to our most popular audiobook: Everything That Remains
The Minimalists The Minimalists
Joshua Fields Millburn & Ryan Nicodemus help over 20 million people live meaningful lives with less through their website, books, podcast, and documentary. The Minimalists have been featured in the New York Times, Wall Street Journal, Boston Globe, Forbes, TIME, ABC, CBS, NBC, BBC, CBC, and NPR.

Podcast 094 | Budget

In this episode of The Minimalists Podcast, Joshua & Ryan talk about budgeting, and they answer the following questions:

  • Is it good or bad to have a credit rating?
  • Is it appropriate to move in with loved ones to save money?
  • In what order should I pay off my debt?
  • What advice do you have for creating a realistic value-based budget and adhering to it?
  • How do I stick to my budget without restricting experiences with loved ones?
  • What do you recommend to those in the ‘pre-budget’ stage that are not ready to make every dollar go in its place?
  • How can I still afford some enjoyment in life while paying down my crushing student loan debt?
  • What can I do with all these books, CDs, and DVDs that are weighing me down?



iTunes · Google Play · Spotify · Soundcloud · YouTube · MP3

Minimal Maxims

Joshua & Ryan’s pithy, shareable, less-than-140-character answers to the lightning-round questions:

  • Joshua on budgeting experiences: “No matter what, we always miss out on something; therefore, it’s important to replace ‘the fear of missing out’ with ‘the joy of missing out.’”
  • Ryan on budgeting experiences: “Sacrifices are necessary in order to meet one’s financial goals.”
  • Joshua on committing to a budget: “When would ‘now’ be a good time to have a budget?”
  • Ryan on committing to a budget: “Waiting around for ‘one day’ will always keep you waiting; ‘one day’ or ‘day one’—you decide.”
  • Joshua on enjoying life while paying down debt: “Change your beliefs, change your life.”
  • Ryan on enjoying life while paying down debt: “Get a plan in place or be lost forever. And be prepared to learn along the way: if your plan fails, readjust—but never give up.”

Mentioned in This Episode

This episode was produced by Shawn Harding. Our theme music was written and performed by Peter Doran. Our podcast is completely free, so if you find value in these episodes, please consider donating a dollar. Your donations help keep this podcast advertisement-free (because advertisements suck).

If you’d like to comment on the podcast, you can leave a review on iTunes. Not only do we read every review, but positive reviews also help our simple-living message reach more ears.

Questions? Leave a voicemail at 406-219-7839, or send a voice memo to [email protected]. We’ll also answer lightning-round questions from Facebook, Instagram, and Twitter if you use #AskTheMinimalists.