Embrace your true expenses from "summary" of You Need a Budget by Jesse Mecham
Our money tends to slip through our fingers like water, disappearing into the black hole of daily expenses. It's easy to forget about those irregular but inevitable expenses that pop up every now and then - car repairs, vacations, insurance premiums - until they hit us like a brick wall. This is where the concept of embracing your true expenses comes in. True expenses are those expenses that don't occur monthly but are still necessary. By acknowledging and planning for these expenses, we can avoid the shock and stress that comes with their sudden appearance. This means setting aside money each month for these expenses so that when the time comes, we're prepared. This concept requires a shift in mindset. Instead of living paycheck to paycheck and only budgeting for immediate needs, we need to take a step back and think long-term. We need to break free from the cycle of reacting to expenses as they come and instead become proactive about our finances. Embracing your true expenses is about being intentional with your money. It's about looking ahead and anticipating what's to come. It's about taking control of your finances and being prepared for whatever life throws your way. By embracing your true expenses, you can eliminate the stress and uncertainty that often comes with financial unpredictability.
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