Intro:
The most important thing is putting down all your monthly expenses on a spreadsheet and finding the total costs per month. Compare it against your net income for the month. Make sure your expenses are under your income otherwise figuring out how to spend your money is pointless. If they’re high, start cutting useless things out. Definitely use an app like Mint to keep track of your money. Set up an emergency fund in case you lose your job. Put money into tax free retirement accounts. It’s free money so it’s pointless not to.
Show Notes:
- How to start taking control of your finances
- Getting a handle on your expenses, and some tricks for reducing them
- Everything you need to know about how to start saving and investing
- How to owe less in taxes
- We put two Leverage Program members on the hot seat and discuss case studies of their financial situations
I like the approach to personal finance in this podcast. Just as a company, one needs to have control over income, spending and investments. I will add that is mint.com is not available for you, many online banks has these features build into their software.
Great advice! I wish I had started doing this sooner.