Start the year right by doing a budget. Goal #1
2021 challenge: January
Make a budget. Write down all your expenses for the month. Breathe and push your fear aside, because yes sometimes it is hard to do this process.
What is your Income?
Subtract all your expenses from your income. (Income $2000-Expense $1700=300 remaining). There should be nothing remaining, all should be allocated.
The rule is to allocate all of your money and to tell it what to do. Your budget should also include what you are saving and giving.
So at the end of a simple budget you should save about 10% of your income, give about 10%, 30% cash in hand to take care of basic things and 50% for all other expenses (including debt).
Start by changing your habits and beliefs about money and pass these insights on to your children. Think about it as Wealth building for generations to come.
Be sure to comment and let me know how you are progressing. You can do this!