deepstash
Beta
The Reverse Budget: Why Normal Budgeting Sucks And What To Do Instead - The Money Habit
A Reverse Budget looks at your current lifestyle and makes slow improvements over time until things are sufficiently better.
We look at how much we are spending eating out, commuting and daily indulgences and see the past quarter trends using your credit card and bank account spending.
81 SAVES
157 READS
SIMILAR ARTICLES & IDEAS:
5
Key Ideas
No matter how little or how much money you earn, creating a monthly budget is one of the most important aspects of managing your finances. What gets measured gets managed.
...
The Envelope system is a way to track your variable expenses like food, entertainment, and drinks.
This method, preferably used weekly, allocates a certain amount in each category in labeled envelopes (food, drinks, movies, etc.). Once the envelope is empty, you are done spending in that category.
The principles that make a good budget, something you can stick to:
3
Key Ideas
With the 50/20/30 budgeting method:
Debt payments may look confusing when you add it to the savings column. But the easiest way to build up a savings balance is not to have your money go toward debt. Once your debt is paid off, you can increase the savings.
Play around with your monthly budget to see where you can reduce your monthly spending:
1
Key Idea