Published On Dec 13, 2023
šµ SoFi Checking & Savings (Up To $300 Bonus): https://danielbraun.me/SoFi
š„ļø Get My FREE Budgeting Template: https://danielbraun.me/MyBudget
In this video, weāre looking at how to budget and save money! Iāve been budgeting for the past 5 years by using this budgeting template that I created, and itās helped me out a ton. Before creating my budget, I never really understood how to save money because I had no clue what I was spending. But now, Iāve been able to go from saving 0% of my income to saving 80% of my income by tracking everything and implementing 4 money frameworks which Iāll go over in this video.
The best way to look at budgeting is to treat yourself like a profitable business by looking at your income versus your expenses. To do this, you need to track your spending habits for at least 2 to 3 months to know exactly how much youāre spending in different categories. Then, you can adjust those categories in your budget by focusing on reducing your largest expenses to save money. After youāve optimized your expenses, then you can start to focus most of your time on increasing your income because your income can be unlimited.
However, to save money and increase your monthly savings rate, it all starts with managing your expenses and budgeting first. Hopefully this video and my budgeting template can help!
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š„ļø Get My FREE Budgeting Template: https://danielbraun.me/MyBudget
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