Personal Finance 101
The fundamentals of budgeting, adapted for your reality.
The Formula
Income - Expenses =
Cash Flow
Alignment
Align spending with your current values and priorities.
Breathing Room
Use small cuts to create financial breathing room.
Budgeting Strategy Waterfall
1
Acknowledge Difficulty
Acknowledge that budgeting is difficult, especially during cancer treatment.
2
The Golden Rule
The basic rule is still more money in and less money out, even when the execution is hard.
3
Expense Triage
Triage expenses by eliminating, deprioritizing, or postponing what you safely can.
4
Categorization
Separate fixed versus variable expenses and essential versus non-essential spending.
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