Looking to improve your knowledge around budgeting? Nice one, well you’ve come to the right place.
Budgeting is the secret weapon in your arsenal. I would even argue it is up there as the most impactful thing you can do to get your finances in shape.
It gets a bad rap, but a good budget can empower you in so many ways. It allows you to see where you need to target savings, and a good budget allows you to actually spend more on the things that matter most to you.
On this page is a selection of articles relating to budgeting here on The Mindful Money Project, be sure to check them out.
At its core, your savings rate is a fairly simple mathematical expression which is your personal profit divided by your income. In this article we’ll take it deeper and walk you through exactly how to calculate your savings rate so that you can be confident you’ve calculated it correctly. What is a savings rate? In …
How To Calculate Your Savings Rate (Your Personal Profit!) Read More »
We’ve all been there, built a kick-ass budget but you’re unable to stick to it. Today we’ll be having a look at how to stick to your budget, with a battle-tested technique I use to put my budget in action and manage my money. So you know why having a budget is important and you’ve …
So you’ve cranked out your budget, made some easy savings and upped your Personal Profit. Good work! Now, as long as you’re able to stick to your new budget, you’ve just been given a superpower. The power to see into the future. If you know that your personal profit is at the £500 per month …
How The Timeframe of Your Personal Finance Goal Makes A Big Difference Read More »
Everyone talks about a budget, but do we actually know what one is? Budgets are used in businesses as a spending expectation. Normally if a company wants to achieve 100 sales of widget x, it will need to facilitate that with its spending. It is no good if a company plans to sell 100 widgets, …
A profit and loss statement is how a company keeps track of all of its income and all of its expenses. It allows the management and owners to understand whether it is making money, a profit, or whether it is losing money, a loss. A personal profit is the same concept, applied to a person’s …
If you’ve decided you need a budget, most people tend to advise a very similar process to arrive at a budget. My approach is fairly similar, but I’m a strong believer in keeping things simple, and so my process tends to keep the process as high level as it can be, but allows you to …
Budget Like A Boss – What Does My Budgeting Process Look Like? Read More »
Budgeting. The word alone has probably sent shivers down your spine. It is a strangely unpopular process that most people don’t seem to engage in, but I would argue the most important tool in your personal finance arsenal when it comes to working towards a bulletproof set of personal finances. If you want to get …
The Big Bad Budget – My Top 5 Reasons Why You Need A Budget Read More »
