Budgeting has been published on Minimalist Finance
Budgets can be overwhelming. Most of the time budgets are unnecessary. Yes, you read it correctly. Instead of making spreadsheets, analyzing them, sweating over decisions how much to put towards retirement or your savings, just follow these simple steps:
- Figure our your monthly expenses and your monthly income.
- Set a direct deposit to automatically put at least 15% of each paycheck into your retirement fund.
- Set a direct deposit to automatically put at least 10% of each paycheck into your savings account.
- Live on the rest.
Can save more? Go for it! Cannot afford 15% or 10%? Adjust your automatic deposits accordingly, and strive to spend less, aiming to save as much as you can.