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Episode 7: We discuss how to setup a budget and expense tracking system in 5 minutes on #MoneyMakingMonday
Sample Budget Ratios
Fixed Costs (50%):
Rent, Utilities Debt, etc
Investments/Financial Freedom Account (15%) :
401k , Roth IRA, RRSP, TFSA
Savings(15%) :
Vacations, Gifts, House Down-payment, Emergency Fund.
Guilt Free Spending (20%) :
Dining out, movies, clothing, shoes, electronics.
Fixed Costs (50%):
Rent, Utilities Debt, etc
Investments/Financial Freedom Account (15%) :
401k , Roth IRA, RRSP, TFSA
Savings(15%) :
Vacations, Gifts, House Down-payment, Emergency Fund.
Guilt Free Spending (20%) :
Dining out, movies, clothing, shoes, electronics.
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