Budgeting tips and funding options.
Understand Your Current Financial Situation Tally Up Your Income and Expenses First things first, you need to figure out where you stand financially. Grab a pen and paper or open up a spreadsheet, and start listing all your sources of income. This includes your job, any side hustles, or rental income. It’s super important to […]
Tracking my net worth has truly transformed my financial journey. I used to feel uncertain and overwhelmed when it came to my finances. Once I started recording my assets and liabilities, everything changed. Here’s why I believe tracking your net worth can be an incredibly empowering practice. Clarity on Financial Position Understanding Your Current Standing […]
Reflect on the Past Year Assess Your Financial Goals Alright, folks. One of the first things I do when planning my yearly financial reset is reflect on the past year. It’s super crucial to take a step back and look at the financial goals I set for myself last year. Did I meet them? Did […]
Understanding Direct Costs What Are Direct Costs? Let’s kick things off with direct costs. These are the expenses that you can directly tie to the creation of your offer. Think about things like materials, production costs, or services you hired out. This is the first step in calculating the real cost since it all starts […]
Understanding the Cycle What is the Feast or Famine Cycle? Hey there! If you’re anything like me, you’ve probably experienced those ups and downs in your work or income. One minute, your calendar’s packed with projects and the next, you’re staring at an empty inbox, wondering where everyone went. This phenomenon is often called the […]
Assessing Your Current Financial Situation Take a Good Look at Your Budget Okay, let’s get real for a second. The first step in pulling yourself out of a financial rut is to honestly assess where you stand. Grab a notebook or open up that budget app on your phone. Jot down all your expenses from […]
Understanding Your Current Financial Situation Assessing Your Income Alright, first off, let’s take stock of what you’re working with. It’s super important to know how much money is coming in each month. I usually sit down with my paycheck stubs, side hustle income, and any other sources. What’s your total take-home? This gives you a […]
Protection Against Unexpected Expenses Life Happens Life throws curveballs at us all the time, doesn’t it? One moment you’re cruising through your budget, and the next, bam! An unexpected car repair or a medical bill lands in your lap. These surprise expenses can quickly derail your finances if you’re not prepared. Building a financial buffer […]
Understanding Your Current Financial Situation Assessing Your Income Sources Before diving into setting ambitious income goals, it’s crucial to first take a good look at your current income sources. Are you relying on a single paycheck, or do you have multiple streams like side gigs or passive income? Understanding where your money is coming from […]
Understanding the Importance of Refund Policies Why a Clear Refund Policy Matters Let me be honest: when I first started out in business, I really underestimated the importance of having a clear refund policy. It seemed like just another piece of paper to have lying around, right? But that policy can be a lifesaver, making […]