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Create a budget that works for you from "summary" of The Financial Diet by Chelsea Fagan,Lauren Ver Hage
When it comes to budgeting, there is no one-size-fits-all solution. What works for one person may not work for another, and that's perfectly okay. The key is to create a budget that aligns with your unique financial situation, goals, and lifestyle. This means taking the time to assess your income, expenses, and spending habits in order to develop a plan that is realistic and sustainable. To start, you need to determine your monthly income. This includes not only your salary or wages, but also any additional sources of income such as freelance work, rental properties, or investments. Once you have a clear picture of how much money you have coming in each month, you can begin to allocate it towards your various expenses. Next, you'll want to take a close look at your expenses. This includes fixed expenses like rent or mortgage payments, utilities, and insurance, as well as variable expenses like...
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