The Two Approaches using Trends - Deepstash

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The Two Approaches using Trends

When you look at our past spending patterns and trends, you can select one or two categories to focus and use one of these two approaches:

  1. Tackle the high-dollar impact areas like housing, fuel, food, or healthcare, and see if those can be cut down to some extent.
  2. Focus first on your 'disposable money' expenses like eating out, and entertainment and curbing those, gradually.

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Each week, make one improvement in your chosen category, fixing it completely over a period.

Set yourself a broad goal of reducing your overall spending by a certain percentage in a Three-Month Check-In. In the next quarter, shave off another 10% or 20% from your expenses,...

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....

Typical regular budgeting methods assume that just by allotting limited money to a particular expense type (like groceries) is enough for us to spend less and balance our budget instantly.

This suddenly asks us to curb our lifestyle by focusing on everything at once, instead of a step-by-...

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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.

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The 50/20/30 budgeting method

With the 50/20/30 budgeting method:

  • 50% of your monthly spending goes toward essentials - your home, your food, etc.
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  • You have no idea where your money is going.
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  • You’re not saving any money.
  • You struggle to afford the things you really want.
  • You have trouble keeping track of bills.
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