Very simply: consistent budgeting. We (my wife and I) go envelope-style and budget/plan or money every paycheck. I swear it’s magic that turns money into more money.
It’s also let us systematically pay off all our non-mortgage debt and save/invest a large amount over the last decade. Now we have enough that we don’t worry about money anymore.
The single most important thing I’ve ever done for my finances was learning to budget so I could have a plan and manage my money on purpose.
Yup! I’m a fan and a current customer (have been with them over a decade)… except that it’s kinda expensive now. For people new to it I’d recommend actualbudget instead and just do manual/semi-manual imports.
I’m a big fan of budget with buckets, which allows you to import via simple fin bridge. One time $50 payment, also unlimited time trial. I used it for about 4 months before paying up.
Same here. When you’re struggling financially, it can feel easier to stick your head in the sand and not deal with your problems. Unfortunately that solves nothing.
At some point in my career, I spent a few years in banking. Banks treat money with a very cold and emotionless attitude. The goal is to extract the maximum value out of every dollar and you’re either getting the most value or you’re not. That experience shaped a lot of my views on money. I started budgeting and tracking all my expenses. It took a few years but today we’re in very good financial condition.
Very simply: consistent budgeting. We (my wife and I) go envelope-style and budget/plan or money every paycheck. I swear it’s magic that turns money into more money.
It’s also let us systematically pay off all our non-mortgage debt and save/invest a large amount over the last decade. Now we have enough that we don’t worry about money anymore.
The single most important thing I’ve ever done for my finances was learning to budget so I could have a plan and manage my money on purpose.
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Heard of YNAB? You need a budget.
Great for envelope budgeting!
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Yes - there are many aspects to it. Got anything you want to jam about? I’d like to give you some responses, if I can. Let’s find the ynab community?
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Yup! I’m a fan and a current customer (have been with them over a decade)… except that it’s kinda expensive now. For people new to it I’d recommend actualbudget instead and just do manual/semi-manual imports.
I’m a big fan of budget with buckets, which allows you to import via simple fin bridge. One time $50 payment, also unlimited time trial. I used it for about 4 months before paying up.
Same here. When you’re struggling financially, it can feel easier to stick your head in the sand and not deal with your problems. Unfortunately that solves nothing.
At some point in my career, I spent a few years in banking. Banks treat money with a very cold and emotionless attitude. The goal is to extract the maximum value out of every dollar and you’re either getting the most value or you’re not. That experience shaped a lot of my views on money. I started budgeting and tracking all my expenses. It took a few years but today we’re in very good financial condition.
Removed by mod