Do you ever look at your bank account and have no idea where your money went?
Like, I know I just got paid and haven't spent much money but there is nothing in there. I'm sure that's why they say the first step in getting your finances in order is tracking your spending. Once you have an idea of where you are spending your money it will become easier to create a budget and stick to it.
Here are the best apps to track your spending in 2020!
What is Financial Independence?
My Updated Budget!
With the start of every new school year I get excited about nerding out on making a new budget! I looking forward to seeing what my take home pay will be and where I'll be putting my money over the course of the year.
Let's check it out!
How I Grew To A 74% Savings Rate
I had just graduated with my Master’s, was riding high from working as an Aquatics Director for the YMCA making $12 an hour, and had what felt like a crippling amount of debt. Ahh, it feels good to be an adult!
While in graduate school I was donating plasma for extra money and living frugally - like extremely frugal. Rice, beans, and chicken almost every night frugal. Honestly, any increase in money was going to make me feel rich but I wanted to live as frugal as I could, for as long as possible. This would allow me to save money and pay off as much debt as I could tolerate.
I know that title sounds like click bait but just continue reading and you’ll realize it’s not. You’ll learn you can create a budget and customize it to allow you to spend on whatever you want AND save money.
We'll go over the steps to make a budget and then work to personalize it for you.
HELLO AND WELCOME!
I'm Jake, a dude interested in personal finance and travel creating the life I choose.
In 5 years I went from living in a basement with Craigslist roommates to paying off 90k of debt, backpacking 3 continents, getting a house for myself and 5 rental units.
Read my story in the about me section.
All photos on the blog are from my travels
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