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How Much to Spend on Housing, Transportation and Food?
Instead of a budget, I prefer to compile a cash flow statement. A budget usually consists of forecasted figures, whereas you need to work with actual figures. And that’s exactly what you input into a cash flow statement. To get the actual figures, you need to capture the receipts and invoices as you receive them.…
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Build Good Money Habits to Save
Almost 60% of Americans don’t have a $1,000 saved for emergencies. Think about that. In the so-called richest country in the world, there are people in the U.S. earning six figures annually living paycheck to paycheck. The reason that percentage is so high is because most people are spenders. They never conditioned themselves to save.…
