Age your money from "summary" of You Need a Budget by Jesse Mecham
When you begin to age your money, you are giving yourself a financial cushion. You are essentially breaking the paycheck-to-paycheck cycle. This means that the money you are spending today is money you earned at least thirty days ago. This is significant because it allows you to live on last month's income. It gives you a buffer. It provides you with a safety net. Aging your money is a powerful concept because it helps you to smooth out the peaks and valleys of your financial life. No longer are you living on the edge, waiting for the next paycheck to come in so you can pay your bills. Instead, you are living with a sense of calm and control. You are able to plan ahead. You are no longer reacting to your financial situation; you are proactively managing it. In order to age your money, you need to build up a buffer in your checking account. This means that you need to save up enough money to cover all of your expenses for a full month. This can take time and discipline, but the rewards are well worth it. Once you have achieved this goal, you will have the peace of mind that comes with knowing that you can handle whatever life throws at you. Aging your money is not about getting rich quick or making risky investments. It is about building a solid financial foundation that will support you for years to come. It is about creating stability and security in your financial life. It is about taking control of your money so that it does not control you. Aging your money is a simple concept, but it can have a profound impact on your financial well-being.
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