@raemichelleplanners: Cut out the fluff. It’s these 3 things. 1️⃣ Learn your money: What comes in? What goes out? How much debt do I have? What are my assets (things I own)? And go in depth here. Coming in: What taxes are coming out of my paycheck/how is my W-4 currently set up? What deductions are coming out? Am I contributing to a 401k and not even realizing it? Going out: What are my bills? When do they come out? How much have I typically spent in a 30-day period on dining out, groceries, gas, etc.? Only once you’ve learned your money can you realistically budget it. 2️⃣ Budget your money: Write up a plan for every single dollar you earn. Use a template or planner that covers all your bases (expenses, emergency fund, debt, general savings, investing, fun money). Don’t forget to include a buffer. Challenge yourself while being realistic. For example, if you spent $600 in dining out last month, challenge yourself to $525 this month. Set goals based on these realistic numbers. 3️⃣ Grow your money: Step 2 may have opened your eyes to an income problem. You don’t make enough to cover it all. Here is where you increase your income if necessary, because the whole point of a budget is to maximize dollars going to future you. Budget to INVEST as much as you can without sacrificing what you love. Investing is key to wealth-building. ————— So many of us are 3 steps/2 pages away from financial peace and time freedom. Where are you in this journey? What gets you stuck? #budgetplanner #budgetingtiktok

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Monday 12 June 2023 00:44:20 GMT