Chain Of Wealth - Debt, Investing, Entrepreneurship, Wealth & More

Budgeting Can and Will Change Your Life! [2:36] Why budgeting will change your life It sounds really nerdy, but budgeting can help you get your life together. Stop counting the days towards payday- start budgeting regularly Your life will become to much easier Budgeting doesn’t mean to restrict yourself It gives you the ability to plan your life and figure out how to structure your money Not looking at your finances doesn’t mean you’re doing a good job. In the long run its going to help you dramatically! [5:4] Categories to have in a budget Savings is number 1- take money out your account IMMEDIATELY Rent/Mortgage Transportation Food- Groceries & Eating out Vacation- build in categories even if they’re not once off Build out sections depending on whats important to you. [7:40] How to manage spending within your means It doesn’t have to be tough Cutting back can be rough Sometimes writing stuff down in a journal is really helpful to keep yourself accountable If you can live without stuff then let