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Make a budget from "summary" of The Automatic Millionaire by David Bach
Creating a budget is one of the most important steps you can take on your path to financial freedom. A budget serves as a roadmap for your money, guiding you on where it should go and helping you stay on track towards your financial goals. Without a budget, it's easy to overspend, live beyond your means, and struggle to build wealth. When making a budget, start by listing all of your sources of income. This includes your salary, bonuses, side hustles, and any other money that comes in each month. Next, write down all of your expenses, from fixed costs like rent and utilities to variable expenses like groceries and entertainment. Be sure to include savings and investments as expenses, as paying yourself first is crucial to building wealth. Once you have a clear picture of your income and expenses, it's time to create a spending plan. Allocate a por...
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