#shorts
This crazy simple trick is called ZERO-BASED BUDGETING.
It is when your income minus expenses equal zero.
The beauty of it lies in customizing it for where you are in life.
You decide how much to put toward debt, retirement, investment, expenses, etc.
Here’s an example of how it works:
Say you make $5000 a month
$2000 goes to your mortgage or rent
$1500 goes to bills, groceries, gas
$500 goes to entertainment
$500 goes to savings
And $500 goes to an investment fund
Instead of wondering where your money goes.
You KNOW where every single cent should go.
-~-~~-~~~-~~-~-
Watch: “All-In Podcast Episode 13 – Commercial Real Estate and Business Brokerage”
-~-~~-~~~-~~-~-
I feel like this works best if you’re debt free
Yes
1,500 to bills and groceries, gas. I WIsh,In what country. 2k for groceries alone😢cali. Life😢
Entertainment can be FREE – put it in emergency savings instead.
I’m absolutely energized after watching this!