In the beginning of investing everyone has to have money to make money. Thing is, life often does not allow you to have the extra that you need to be able to do both, live and save. There are tips that have been documented to work that are outside of the main way of thinking that can help you achieve that extra income you are looking for. When you learn how to live below your means and to become frugal living experts. You will begin to find the extra ways to stretch your dollar or better yet but out that extra subscription that you took on 3 years ago that is no longer of value to you. That alone will free up $100’s of dollars that can then be invested.
Budgets in Frugal Living
There is that dreaded b word, budgets have taken a bad wrap for being difficult to follow and rigged however this does not have to be the case. Often the budget is misinterpreted as a rule to follow when it is really only a map of where you have been and where you plan to go. When you map your money and designate a place for every dollar. You become in control of your money instead of saying, where did that money go to or the month is longer than my income. It’s time you started tracking your income and spending habits then apply the frugal living tips from the book, Squeeze the Pennies to Make the Nickels Count. Once you have applied the steps in this book and you budget your money, you will discover holes in your budget where you are spending extra money that could be used to improve your lifestyle.
The CashFlow Budget
The money saved from frugal living applied back into your CashFlow budget will drastically increase over time building the income streams that you need to have the multiple incomes and ultimately lead to a wealth building stage in life.