Do you want to maximize your income and invest your savings in order to increase your net worth and maybe even retire early? Well then, it all starts with a budget.
An itemized budget which covers all the basic budget categories, is one of the most important tools you can use to help take control of your finances. But where do you start?
A budget is only one of the two critical requirements to financial success.
The second super critical requirement with budgeting is tracking your spending accurately (aka bookkeeping), and then comparing the results against your budget.
You can throw estimated numbers into a budget all you want, but if you don’t know how much you actually spend on your life, you won’t know if it’s a practical estimation…or what would be a practical reduction to save money.