Jun '24 • 🎙️Money Discussion's + Q&A
🤔Do you know what is coming in and going out every month?
Yesterday we did an Instagram LIVE with one of our friends David and we were talking about the fundamentals of knowing what is coming in and going out every month.
Having a budget can be an interesting topic... some people love it and some people hate it!
I will admit it isn't my FAVORITE activity but seeing everything in one place is helpful for me to make more confident decisions and feel less stress when we spend.
If you are feeling stuck with your money or struggle to keep and maintain a budget, you are not alone.
Gabe share 3 simple way to assess your spending that I want to share here...
1️⃣ Pull up your bank statements and review all of your FIXED expenses. Things that don't change month to month.
2️⃣ Subtract that number from the amount you make every month to see what is left. We call this your miscellaneous money.
3️⃣ Clarify your next steps and take action
✨ If you are spending more than you make, it is time to practice radical honesty AND acceptance and identify areas to cut back/ increase your earning potential
✨ If you have a surplus, be thoughtful about where you want that money to go. Do you want to save more? Do you want to invest it in the stock market, continuing education, etc? Do you want to grow your emergency fund?
✨ If you break even, what opportunities can you capitalized on or are you comfortable here for awhile?
If you consider yourself an EXPERT BUDGETER, would you share tips, tricks, favorite apps you use to make the process work for you.
If you struggle, feel free to book a call with me or attend office hours. I would love to help you set up a system that works best for you.
Happy Hump Day!
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🤔Do you know what is coming in and going out every month?
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