Financial Freedom Friday: Step 2!!!

in #money2 years ago

It's Financial Freedom Friday Everybody❗❗❗


This week we are moving onto Step 2️⃣ of my 1️⃣2️⃣ Step guide to Financial Freedom💸⁠

Last week's Step 1️⃣ was: What are your goals in life? What do you want to achieve? Write that shit down in a list.⁠

It's always good to have an updated set of goals to stick to. This way you know what you need to do in order to achieve them. ⁠

So, once you know what your goals are for attaining Financial Freedom it's time to move onto Step 2️⃣.⁠

Which is: Create a list of expenses. Budget your spending. ⁠

Create a monthly budget plan for yourself. Write down how much you want to spend on rent, groceries, bills, gas, and any other expenses you may have for the month. ⁠

Make sure to also put aside some money into your personal savings. You can even set aside some money for possible investments.⁠

Being able to see how much you need to spend on each thing will help you to not overspend or splurge. Having self control is a very important skill. You can’t save or invest your money if you're constantly spending it on things you don't really need.⁠

By creating a budget for yourself, you're making sure you have all your essentials for the present and some extra for your future. ⁠

Do you tend to splurge on unnecessary junk? Or are you the type of person to keep within your means?

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Budget is key indeed! My problem if I budget too well, I'm like ooo I have extra money I want to get stuff lol

Haha I definitely have that problem as well! I started putting extra stuff like that into my budget as well, because if I didn't then I'd always end up spending the rest of the money I had left on whatever I wanted.

The struggle is real lol

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