Conscious Spending Plan: Budget by Looking Into the Future - Deepstash

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Conscious Spending Plan: Budget by Looking Into the Future

iwillteachyoutoberich.com

Traditional Budgeting is Up In Smoke

A person who has a conscious spending plan is all about having positive spending habits and not banning yourself from spending altogether.

If you've ever tried to put yourself on a budget and fail to stick to it every couple of months so, then you should definitely switch ...

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There are three steps to creating a conscious spending plan.

  1. Categorize your current spending
  2. Set up an automated system
  3. Keep track of your spending

Budgeting is about knowing that youu&#...

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Categorizing Your Current Spending

It's important to have an overview of your money and where it's being spent. It's possible to fit your expenses into these four categories:

  • Fixed Costs (Rent, Bills, Loans)
  • Important Investments (401k, Roth IRA)
  • Financial Goals (Home...

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Automated System for Fewer Worries

Since you now have an idea where your money goes and how much goes out of your account, it's good if you set up an automated system because you won't have to worry about your checking account not having any money in it when you direly need it.

As long as it works for you, then yo...

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Keep Track of Your Spending

Whether it may be through a spreadsheet, an app, or a small notebook, tracking your spending is a surefire way of making sure you stay within the parameters of your spending plan.

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