Earning more doesn’t guarantee financial security. Without a budget and smart money habits, even high earners can struggle. It’s not just about how much you make—it’s about how you manage it!

Want a simple way to manage your money? Try the 50/30/20 rule!

This budgeting method helps you balance your finances while covering essentials, enjoying life, and securing your future. Here’s how it works:

50% – Needs: Rent/mortgage, utilities, groceries, transportation, insurance
30% – Wants: Dining out, entertainment, shopping, hobbies
20% – Savings/Debt: Emergency fund, retirement, investments, debt repayment

By following this structure, you ensure that your priorities are covered without overspending or feeling deprived. It’s all about balance and financial freedom!

Are you using the 50/30/20 rule?

Are these budgeting mistakes costing you money? Here’s how to fix them:

❌ Not tracking your spending → ✅ Use an app or a simple spreadsheet.
❌ Setting unrealistic budgets → ✅ Give yourself room for fun & flexibility!
❌ Forgetting to plan for unexpected expenses → ✅ Create a sinking fund for surprises.

💡 Which of these mistakes have you made?

The Difference Between Assets & Liabilities
Understanding this simple concept can change your financial future:
✔ Assets: Put money in your pocket (e.g., investments, rental properties, businesses)
✖ Liabilities: Take money out of your pocket (e.g., loans, car payments, credit card debt)
The key to building wealth? Focus on growing your asset column, not just your expenses. Invest in things that generate income and increase in value over time!

Managing your finances doesn’t have to feel overwhelming. These three books are my recommendations to help you budget smarter and build a better financial future:

You Need a Budget
https://amzn.to/3BObJxw

Financial Peace Revisited
https://amzn.to/407XBZn

How to Stop Living Paycheck to Paycheck
https://amzn.to/4gTqxtD

Each of these books offers practical strategies to help you take control of your money. If you’re ready to take the next step, let’s talk! Book a discovery call with me, and let’s work on your budget together.