If you are obsessed with sticking to the plan. Of course, "there is a difference between a plan and real life. Overview: Rule three - Learn to take punchesĮven following rules one and two, your plan to save money will have some unexpected impacts. When you think hard and act now, you are not just looking at your immediate bills, you are seeing the bigger picture and you are hyperconscious of all your expenses. They make it difficult for us to raise money.Īccording to the author, "Rule two makes you proactive with your money on a much deeper level than you have ever experienced. Unpredictable expenses are what usually hinder us, says Mecham. The unpredictable but indispensable ones are things like crashing the car, taking the dog to the vet, accidentally breaking furniture, things like that.They also include water and electricity bills, which may vary according to seasonality. Predictable: these are car insurance, home insurance, which can be paid throughout the year.Mecham says you should set aside money for what he calls "real expenses." These expenses are not obligations, but expenses can be of two types: This is what the second law is all about. However, what is between these two sides? It would be irregular expenses. Well, in rule one we saw the obligations with money and the part of using it for fun. Overview: Rule two - Assume your actual expenses If you've never done something so proactive with your money, you'll quickly see how it changes your perspective on every penny you hold". You are literally writing a to-do list for your money. you have to decide what needs to be done. Then use it to enjoy life from your point of view.Īccording to Mecham, "Before you start owning your money. Once again, for a start, set aside your money to pay the basics for you to live. The next step is to decide what to do with your money, because you know how much you have left to do what you want, travel, buy clothes, change your car or smartphone. Rent, transportation, and food are some examples. Begin by highlighting the destination of your money, your obligations, the mandatory expenses that must necessarily be met. The essential question is, "What do I want my money to do for me?". Overview: Rule one - Give every penny a job #YOU NEED A BUDGET 4 DOWNLOAD PDF#
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