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 y...
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