Is there a? preferably Budget?
Yes. There is the best budget and we implemented under the 7+ steps to make it. Or you can save yourself the time and anger and get so much more Register here for the Buster Bundle budget.
What is a budget and why do you need one?
If the shortest distance between two points is a straight line, you not only need to know where you want to create the best budget, but you first have to know that you are WTF.
A financial snapshot can help you. Let our financial snapshot know where your X is Here in the budget bush bundles.
X marks the beginning of your budget
We are Scifi -Nerds. If we are maximized on Netflix on SCIFI films, we watch Space Science Documentary Films. Perhaps it was even known that we even observe one or two room displacement documents.
We are not a stable genius when it comes to science. We are only fascinated by space and everything that is and what can be.
Last night we looked at a documentary about the Voyager (V’Ger) program of NASA. The missions given by both Voyager I and Voyager II were to study Jupiter and Saturn. That was told to the public anyway. Jimmy Carter was said to get his Johnny Hancock.
On the DL, several NASA scientists had a secret mission: reaching the outer edge of the Milky Way.
They occurred if they properly planned and maximized the orientation of the planets over the next 30 years, they would be with Pluto (which was a planet at the time at the time and now not again) to reach the outside edge of our galaxy.
Well, in 2012 Voyager entered the interstellar area, which means that it left the Milky Way Galaxy. It is not handed over another star for another 44,000 years – almost as long as Homo Homo Sapiens exists.
What is the point of us to quit in this nerdy doctor?
There are several reasons why Voyager is now further away from the earth than even the most intelligent NASA scientists: The space scientists from Voyager I were crystal clear on their starting point. Together with Jupiter, Saturn, Uranus and Neptune, the earth had to be in perfect alignment so that there is any hope of bringing past Neptune.
For this reason, you know where you are with your money, you X, so critically important. It is more than just a budget. It knows your full financial picture – your financial snapshot, What the budget Buster bundle is done for you.
Here is the reason why you don’t have to do a budget:
https://www.youtube.com/watch?v=yqh5vilexus
Would you still like to fly Han Solo (how the room topic?) With your own budget? Follow the 7+ Amazing budgeting tips below.
How to do your best budget
1. Do you know your income for taxes (and others)
Let me ask now: “How much money do you earn a year?” No, not this inflated, round figure that your boss quoted during her annual review. How much money do you bring home after taxes and deductions?
This is the number we want.
Realistically speaking, we know that our annual salary cited is not close to what we bring home. We know that we pay taxes before our wages are on our account. Don’t forget the escalating health costs that have been deducted from our salary check.
However, most of us still live and spend as if this round figure is what we take home with us.
So how much money that you bring home every two weeks after the deduction of your medical, dental expenses and other services after you have paid for federal taxes, Medicare and other expenses and after deduction 401 (K)?
what is The Number?
This number is the number you have to live every two weeks and it is the real start of your budget.
Your current financial minimum is more than your salary check
Now you can see the connection between the Voyager program of NASA and its salary. You will understand that you need your entire financial picture completely and exactly for a successful financial roadmap. . . The whole and not just what you want to see.
This begins with the calculation of your true wages to take away at home. If you know your real monthly payment at home, subtract your monthly living costs for the baseball stadium. We will talk about a comprehensive implementation from below and the expenditure analysis You can get here with the Buster -Bunzle budget.
For the time being, subtract your estimated monthly expenses from your net take home content. Do you have money left after this mathematics every month? Are you negative or positive?
Next, they all make their debts. This includes all of your credit cards, the debts that you debt family or friends, your car loans and all other loans that you pay back within five years. These are your short -term liabilities. Since they are liabilities, we will soon create a plan to pay them off.
As soon as you have calculated your short -term liabilities, add your long -term liabilities. This includes your mortgage, your equity lines (helocs), student loans and other loans, whose repayment will take five or more years.
Then add your short-term and long-term liabilities to get your net liability-all the shit that you owe.
Next, add all your assets. This includes the cash that you have in your emergency savings account, your money on individual and employers sponsored by employers as well as other cash or investments that you have everywhere.
Finally, subtract your net liabilities from your total assets. Do you have a positive or a negative balance? If you have a positive balance, great! If you have a negative balance, you don’t feel bad. At least they know and. . . . “It’s half the battle.” It is a Gi Joe cliché, but it’s true.
If you have a negative balance, don’t be annoyed, Mon Frere. You may currently have negative net assets, but the best way to create the best budget is how to know how NASA know where to start.
Congratulations at the start!
2. Through expenditure analysis
Other people think you are fine. Your income is high and you have a good job, but you don’t feel rich. Ask me where your money is going? You need an expenditure analysis.
After we admitted that we had 51,000 dollars credit card debt and were bankrupt, we wondered how it could be. We were two financial services professionals who earn money well. Where did our money go and why did it feel like we never had any?
Since he is the number of numbers that is David, he grabbed all of our statements and gained access to all of our accounts everywhere. He got everything from each individual credit card account to our 401 (K) S to our tiny and frequently excessive checking account. Then he set every single cost for a whole year under several headings or output categories for an Excel table.
Everyone. Single. Cost.
Apart from $ 1,600 of ATM cancellations, we have found why and how we spent every dollar this year. We were able to make well -founded assumptions about how we spent our ATM deductions:
- Taxies to clubs
- Cash for Turkish women in clubs
- Entry fees for clubs
- Celebrate in clubs
- Drinks in clubs
- Tips for bartender in clubs
- Gatorade at 7-11 after the clubs
See a pattern? Because of our expenditure analysis, we saw a clear pattern. When everything was listed, we were shocked. We made good money. We only have everything and some – unconsciously.
We all held responsible all the time – it was the fault of our bosses, it was the president’s fault, it was the fault of all, but ours.
It turned out that it wasn’t them. We were we. We all.
For many of us, our problem is our expenses and not our income. For this reason, an expenditure analysis is important.
The analysis of our expenditure analysis
Although we spent $ 400 a week for food, we still spent $ 400 a week. That is 3,200 US dollars per month for food for two (formerly) thin men. How does that happen?
Then I spent 300 to 600 US dollars a month for new clothes to wear the clubs, or when we traveled or when we went out for dinner or whenever I could find a reason to buy more clothes.
You could say we were assholes, but we masked our pain with expenses, clothing and clubs.
If you carry out your own expenditure analysis, you will also be shocked where your whole money will lead. Or make your life easier and Get a copy of our worksheet for expenditure analysis here.
Get all the details of the expenditure analysis here:
After you have carried out your expenditure analysis, confirm again whether your expenses exceed your income. If this is the case, follow step 2 below.
2. By expenditure reduction analysis
If you are like us, your money is not that you don’t make enough money. It is the case that you don’t manage the money you earn. For example, see Johnny Depp. Here our worksheet helps you to reduce expenses, as helped.
This too is available in the Buster Bundle budget!
Nobody gets more money than they earn.
The only way to be financially successful is to keep a financial plan under their means to keep more of the money they earn, then save and invest. If you currently spend more than you do, expenditure reduction is your next step.
Follow here.
What is the worksheet for expenditure reduction?
If you have analyzed your expenses in the past 12 months. . . Okay, at least in the past three months it will be an eye opener because they know exactly where all of their money is going.
It is better, because just as you cannot drive from New York City to Los Angeles without any clear instructions, you cannot achieve financial goals without a financial plan.
A solid financial plan includes knowing your financial starting point and your end point or your financial goal. But we all know that “the more you know” bullshit, unless you do something with what you know.
Only when we knew in which direction we wanted to go with our financial life and our lives in general did we go from a negative net value of $ 51,000 to a positive net assets of $ 1,000,000.
Our financial success could be your financial success!
How do you make the worksheet to reduce expenses?
- Take your expenditure analysis, whether yours or ours
- Then select a strategy for reducing expenses. Popular strategies include:
- Select all costs around a percentage evenly across the board, e.g. B. 4%
- Selection of a target percentage
- Send all editions evenly to the entire board, for example 100 US dollars
- Select a target
- Then use these new goals as the basis of your budget
Why are you waiting?! When we did this, we were able to pay off 51,000 US dollars in credit card debt in less than three years.
In ten years we have collected net assets of over 1,000,000 US dollars. Before we started, 1,000,000 US dollars seemed impossible. In retrospect it was easier than we thought. We just had to start.
So start!
Watch how we share 9 tips to shorten your budget as soon as possible:
https://www.youtube.com/watch?v=uaahhw5i1py
3. Pay out debt
Intactment anchors your future income for your past.
While the monthly monthly fees for credit cards and student loans can be affordable due to their current salary, there is a good chance that interest rates make a significant part of their salary check easier for their debts.
When we had credit card debt in the amount of 51,000 US dollars, we paid 10,000 US dollars per month of high credit card interest. Yikes! What would you spend with an additional 10,000 US dollars a year?
Fortunately, we can give you the fastest plan not only to pay your debts, but also to save more money in the long run than any other system out there and your creditworthiness over 750.
Regardless of whether you want to follow this plan for 100% solo or want to do with a group of other like -minded people. See both options here and Register today!
It makes no sense to give credit card companies more of their money.
4. Do you have a job every dollar
One of the biggest mistakes that people make with their budget is that they only concentrate on paying their bills and then doing nothing with excess money they could have.
Then what happens? This additional money is unconsciously spent, which is a missed opportunity. The same people then ask: “Where did all my money go?”
Have you ever asked that? At a time they had a nice little excess on their checking account and then suddenly – poof! – Everything is gone.
Here is the solution: assign a job to every dollar.
After all the small dollar bills to cover your bills, make sure that all remaining dollars also have something to do. Otherwise they go away and miss (again).
What jobs can these additional dollars do for you? Here are some options:
- Pay debts
- Be invested in their red ira
- Build emergency savings
- Become seed money for a custody account for your children
- Go to the savings of a great purchase of aspiration – Think of a new house, a new car or new furniture
- Let yourself be invested in your side custody
Find out more about assigning a job to every dollar Strange money®:
5. Automate your invoice payments
We humans no longer have to be bored for a few hours a month by writing checks to all of our triller and lenders and then putting these checks in a main register. Why? Because it is the 21st century and we have robots.
Long before Robot took over the jobs of her favorite finance consultant, they made it easier to pay invoices than ever before. This science is populated.
So set up so many of your invoice payments in the invoice payment or with the automatic administration of your preferred premium credit card (pay your remaining amount every month) and stop playing with the little things. Then simply monitor your checking account – be the supervisor – and make sure that you do not miss any invoices.
This not only saves you hours or boredom every month, but also improves your creditworthiness because you are never late or miss a payment again.
6. Use cash
Despite all our modern amenities, cash is still king.
Yes, we appreciate our new robot overlords, but they have their limits. The more separate we are of the money we spend, especially with discretionary expenses, the unconsciously.
Did you know that studies show that people who use debit and credit cards spend an average of an average of 12% to 18%?
Even Martha would say: “It’s not a good thing.”
Therefore, cash was and will be king and be. For all of your expenses that are not paid by invoice payment, pull the cash from your checking account and use the envelope system. What is the envelope system?
Take an envelope for each issue you have that is not paid by invoice payment or is automatically deducted or transferred for you. Write the name of an output on each of these envelopes, ie “gas”, “food” and “social”.
You may also have “babysitters”, “Lawn Care” and more. It is entirely with you and your needs.
Then draw the amount of money you need until your next payment day to cover these expenses. Share your deductible money in each envelope as required to cover your respective costs.
If you need the money for these expenses, take the money from the corresponding envelope. If there is ever cash in an envelope, leave it there and pull it out of your checking account for the next payment period.
In this way you will not spend too much in one category and at some point you have additional money for the six investments that we mentioned in Bullet Point No. 4 above.
Listen more about it Strange money® why cash is king:
7. Pover your progress twice a month
Back to surveillance. . . Especially with your budget. . . Monitor your progress twice a month. This will take less time than you think will ensure success with your budget and increase your chances of long -term financial success.
In fact, this double test is so successful that we remind our readers on social media and In the Queer Money Facebook group twice a month to do this.
5 options for the budget better
1. Avoid the budget -crawl
It is a sneaky little bitch. It is intrusive and precarious. What is that?
It is budget crawl.
Budget Creep, not confused with TLC or Radioheads ‘Creep’, is the increase in the expenses that go beyond their budget that happens soooooooooo Sloooooooooowly so that they don’t even notice it. It is the answer: “Where to the hell did my money go?”
It harms your budget and thwarts your goals and leads to even the most responsible among us larger wads than we have.
Budget crawl is often caused by triggers, which enable us to ignore our budget unconsciously or consciously or to make exceptions here and there, as this unlanded last connection with your ex.
Do you know your triggers.
The expenses include stress, sadness or depression, lose someone or something or even celebrate someone or something.
The frequent symptoms of the budget warrior include avoiding viewing of your budget or your inspection and savings accounts. Often the voice in your head says something like: “You deserve it” or “This is the last time”.
PS it won’t be the last time unless You really change your opinion.
Listen everything about budget creep (and how to avoid it):
https://www.youtube.com/watch?v=b4dgjv8cf4y
2. Find NSE alternatives
It has been the cliché so long that it is in our DNA – gay men live fabulous. I’m sorry that I have burst your laughing mood, but we are not all white, aspiring fluctuating gays in Mod houses and driving from Audis A4 -although we might want to be.
It was once that we have a champagne lifestyle with a beer budget, as David’s father would say. Well, Mr. Stein von Steins von Steins Law says that something that cannot go on forever will no longer go on. It’s like physics or mathematics or something.
Here is the deal, there is an NSE alternative for everything. These may not be alternatives that you want forever, but you will do it now while you have bigger, better and bad goals. The more NSE you find, the easier and longer you remain debt -free.
We found NSE alternatives to see away, drink wine and meet our annual gay travel quota. If we can, you can do it too.
David shared more NSE -large sauce in the video below. Go out.
David is for the wisdom of NSE:
https://www.youtube.com/watch?v=W8H9CP3K2EQ
3. Avoid (too many) guilty joys
We understand it! Life is difficult, especially these days, and the only thing that brings it through the guilty joys. But too much of anything is a bad thing, usually for both your health and your budget.
So we came up with a 3-stage plan to live a full (yes, an L). Get all the details about how you can live a full life and let your dollars stretch than your waist.
See how you give up these guilty joys easily (not complete, but enough):
https://www.youtube.com/watch?v=QN7GENWMN3A
4. Select your milestone bonuses
Use milestone bonuses to achieve your money goals.
Mile stone premiums are affordable treats that we give ourselves when we reach milestones to achieve financial goals. They also do not destroy our financial goals because they are too much. Examples will go to the cinema, an inexpensive dinner, a decent bottle of wine or an affordable but stylish piece of clothing and a cool T-shirt.
Milestone Rewards should be sufficiently incentive to keep them up to date for their financial goals and not to start them from saving and investment cars.
I would like to learn more about milestone bonuses. Of course we have a video for you.
Reward yourself by watching this video about milestone rewards:
https://www.youtube.com/watch?v=PHH8YKP-SU
5.
In this Monday money minute, one of our first videos of all time, David shared our money -chunking -hack. The money -chunking makes today’s salary check to its next salary check.
What is money to make?
You may think the star of this video is David, but it’s not like that. It’s money to play. You know when you go out with the boys and say: “I don’t spend all my money in the club tonight” and then you spend all your money in the club this evening?
This is a budget creep (see above) and money that is chunking is your solution.
Money chunkules are if you divide the amount of money assigned in every category of your budget into smaller pieces that distribute your assigned money within each category over longer periods.
This step is the last step of budgeting and will stretch your dollar as far as you need it.
Watch how my piece gives you a dash of a stroll:
https://www.youtube.com/watch?v=tyko3-eptro
Why you don’t have to do a budget
Does the thought to create this budget, your head turns?
Does she now emphasize her money situation? Maybe you live with paycheck and you are nervous that you couldn’t even cover a simple emergency. In the meantime, you know that budgeting is the correction you need, but you are not sure where to start.
First stop! Do not make a budget.
We did it for you.
In the following we share the tools contained in our plug-and-play Buster Bundle budget. We discuss the current statistics on budgeting in the USA and explain why the BUSTER bundle is crucial for its financial success.
We talk about the value in a “dynamic” budget that gives them the scope to live a real life and enables expenses for the things that make them really happy.
Listen to the best reason not to create a budget:
Everything you need to know about the budget Buster bundle
The Buster Bundle budget is more than just a budget planner or a budget organizer. You can get that from Target.
The Buster Bundle budget an entire system.
First we give you step by step, including videos with us, our expenditure analysis and the above -mentioned expenditure reduction.
Then we will tackle the biggest spending problem for most Americans – your budget for food (food and food). We will give you our best tips for cleaning in excessive food and at the same time like to eat.
We also give you our exclusive grocery list and menu templates to simplify your purchases and to shorten food waste, which saves food costs.
Finally, we will give you by leading you through the start of your own dynamic budget. We will help you to decide which expenses are most important for you and then create a plan to finance these larger rocks in your life, so that your life also spends less.
See?! The budget is not a 4-letter word.
Oh, we lied. The actual end result with the Buster Bundle budget Is our 47 delicious recipes that your family will certainly love and that fit into your budget. The best thing is that many recipes can be made in your slow cooker. So they essentially cook themselves while they have fun elsewhere.
As you can see, the Buster Bundle budget is more than a monthly planner, more than a budget planner or a budget organizer. It’s even better than Ynab.
Why?
Because the Buster Bundle budget is concerned with all the areas that people fight most with budgeting and goes hand in hand with full -time support.
Convince yourself and Register here for the Buster Bundle budget here.
How to better budget as a couple
“How do I bring my partner to the same money side as me?” This is the most common question we get.
Here is the thing. Money is an emotional topic for people and their solution is not to talk about money.
This is not a solution.
What is the best way to start this topic? Start slowly.
By “slowly” we think that you and your partner should share some information at the same time. Share a little more over time. Then share a little more at some point.
Little by little a lot becomes a lot. Suddenly they are both on the same side and a conversation about money did not lead to a dispute over their lack of money.
Listen to Honeyfi’s former CEO, why couples who talk about money have better sex. That makes a happy marriage.
Sam Shultz On Strange money®:
A basic building block for success with money is a budget. Although people equate a budget with a diet, the budgets do not have to be a negative experience.
Turn the script like us. Our budget doesn’t tell us what we can’t do. It tells us what we can do and when. In this way we do not regret our editions.
If you spend regret and financial anxiety, your new budget is worthwhile.
Don’t worry that you are looking high and low or create a budget days after the end. Just register and get the budget Buster bundle here.
There are more options for ending financial anxiety: