Build a Budget

I love 😍 budgets and Excel!

Given it's January you really should go and make a mini plan for 2018. Today could be a good day to look at how much you will earn, what your fixed costs are (rent, phone etc), and how much you think you can save.

One step further would be to review what you actual spent your money on in 2017. This might highlight items you can cut back on in 2018.

Don't get me wrong - I'm not one for suggesting you live like a monk to achieve greater wealth. But lets face it - restaurant 🍕 and drink 🍷 bills can add up...😳

Next step: decide what you want to save per month in 2018. Even better would be to set up an automated monthly payment into a savings account.

Putting it in a savings account first means you can always quickly get access to it if you mis-calculated your monthly expenses.

One of the biggest financial elements in your control is how much you save. This 1 decision WILL have a major impact on how good your life is in 15 to 20 years.

You should be saving at least 10% of your income, above 20% is where the magic happens. 40-50% is getting into serious 'retire early' territory.

Go and open Excel now!! Do you love a good spreadsheet as much as me? Comment below 👇