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 […]
What is Personal Profit? Read More »
As part of the Budgeting 101 article, I discussed the lengths you’ll need to go to depending on your current situation with regards to your Personal Profit. I then discussed the different scale of savings/cuts that would be needed in order of what I consider to be pain-free savings vs painful savings which will improve
Pain-free vs Painful Savings Read More »
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 »
