So, if your income turns out to be more than you planned, now’s the time to adjust. Remember, you planned low when you listed your income. This step is super important if you have an irregular income. If you make money through a side hustle or sell something, log that in too! When your regular paycheck comes in, put it in the income part of your budget. That’s where the tracking comes in! Step Two: If You Make Money, Track It Now that you’ve set up your budget, you’ve got to keep up with it. This is called zero-based budgeting, and, as we said before, it’s all about giving every single dollar you make a job to do. If you’ve got a negative number, lower your planned totals or cut extras until you get zero. If you’ve got money left over, that’s awesome! Put it toward your current Baby Step (the proven, guided path to saving, paying off debt, and building wealth).
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |