How to Budget Money 101
(You Know You Need To)
How to Budget Money 101
How to Budget Money 101
How to Budget Money 101
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Regardless of whether you’re excited, terrified, or lost somewhere in between, there’s something we can all agree on here. It’s that budgeting exists for one simple reason—because it works.
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But exactly How to Budget Money so you can reach your financial goals and enjoy life? This is the Way.
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Totaling your income
As you start adding up your income, keep in mind that any amount of money coming in from any source is considered your income.
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Totaling your expenses
When you begin examining your expenses, start by dividing them into two types of spending/expense categories:
fixed costs and variable costs
.
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Let’s calculate!
By minus your total expenses from your total income, you’ll arrive at a number that’s either in the green or red, so to speak.
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