This budgeting method I talk about in today’s video really changed the way I view my own finances. It’s called the P&L Method, or running your life like you would a business. Every month, I have my own personal P&L sheet, and I’ve also created one for you guys so you can budget on your own today too.
The P&L Method Template:
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Timestamps:
0:00 – Start Here
0:36 – Step 1: Being Aware
1:42 – Tracking Expenses Challenge
3:24 – Embarrassment & Finances
4:55 – 4 Things To Get Better
6:17 – THE BUDGETING METHOD
8:51 – Zero-Based Alternative
9:54 – How to Allocate Money
13:07 – Where People Get Stuck
PS: I am not a current Financial Advisor, any investment commentary are my opinions only. Some of the links in this description are affiliate links that I do receive a commission for & they help support the channel!
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This is really good 🎉🎉
This channel just became my new favorite!
I’m fired up after watching this, so good!
My wife and I have been using this method for over 20 years. The only change we made was that contributing to our retirement came first, before the mortgage. If you can’t afford the house you want after saving for retirement, learn to want a cheaper house. The monthly surplus just became extra savings, or used to increase the emergency fund.