When it comes to budgeting my money I take advice from one of the best! Dave Ramsey has taught us about finances for many years and is an expert in his field. Budgeting can be overwhelming for most, but if you follow Dave Ramsey easy and fun budgeting formula you will be more in control of your finances allowing you to slay away the debt faster! Here is Dave Ramsey’s 4 Easy and Fund Budgeting Tips.
- Write down the total amount of your income. This includes full time, part time, side hustles, free lance, and pretty much every form of income you bring home.
- Write down all of your expenses. This includes everything you spend money on. Bills monthly, quarterly, and yearly, food, entertainment, everything you can think of.
- Subtract your expenses from your income. If your income is more than your expenses, you can consider starting an emergency fund, saving for retirement, or college fund. If your expenses is more than your income, you can think of cool, convenient ways to bring in some additional income.
- Keep track of your budget at all times. Once a week until you get the hang of things, keep track of your budget. Look to see whats coming in and whats going out. Documentation is important, whether you are using an app on your phone or writing it down make sure to stay on top of your budget every step of the way.
As we continue to slay our finances I will be adding additional tools and resources to help you slay debt for good! To check out more finance tips from Dave Ramsey click here now. If you have any topics regarding finances that you would like to see on She Evolve, send me an email to firstname.lastname@example.org
To your success,