Fixed Expenses
Expenses that stay the same from month to month, such as rent payments.
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The idea is part of this collection:
Learn more about moneyandinvestments with this collection
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Budgeting your money is the cornerstone of a sound financial plan, and seeing all the numbers in black and white can offer valuable perspective on where your mone...
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Cut back on your expenses
Cut back on your three biggest expenses.
- Housing: The easiest way to do this is by house hacking, where you rent or buy a 2 or 3 bedroom apartment and rent out the extra rooms to offset or make money on your rent or mortgage.
- Transportation:...
Allocating expenses
The most common buckets are:
- Expenses, or your needs: housing, food, transportation, clothing, insurance, childcare, etc.
- Debt - monthly debt obligations: personal loan, student loan, auto loan, and credit card payments etc.
- Savings, including fund...
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