Personal Finance 101
The fundamentals of budgeting, adapted for your reality.
The Formula
Income - Expenses =
Cash Flow
Alignment
Align your spending with your values and current priorities.
Breathing Room
Use tricks and strategies to create financial space.
Budgeting Strategy Waterfall
1
Acknowledge Difficulty
Budgeting is difficult even in the best of circumstances. Give yourself grace.
2
The Golden Rule
More money in, less money out. Simple math, hard execution.
3
Expense Triage
Eliminating, deprioritizing, or postponing expenses.
4
Categorization
Separate fixed vs. variable expenses, and essential vs. non-essential expenses.
Interactive Expense Triage
Click on the non-essential expenses to cut them and see how much breathing room you can create.
Fixed / Essential(Hard to cut)
Rent / Mortgage$1200
Health Insurance$400
Utilities$150
Groceries$400
Variable / Non-Essential(Click to cut)
Potential Monthly Savings:+$0