The formula to Get Rich Quick’ish is simple enough. You’ll find it on nearly every single page and post within this blog, but here it is again in case you’ve missed it:
- Spend less than you earn
- Invest the difference
- Eliminate, then avoid debt
It all begins with spending. Your expenses. The amount of money hemorrhaging out of your accounts each day. Without a clear understanding of how much money you’re spending, and exactly what you’re spending that money on, then you’ll have a difficult time getting ahead financially.
I share my monthly expenses as part of my monthly newsletter, so if you’re curious about how a family of six budgets on a single income, then sign up for my private newsletter (one email per month – no spam) by leaving your name and email address in the form below.
If you’re curious about HOW I budget and track my expenses, I use Personal Capital to monitor my spending. It’s a free online tool, similar to Mint, which connects all of your financial accounts, tracks and categorizes your spending, and gives you a snapshot of your overall net worth. If you’re not tracking and categorizing your spending already, give Personal Capital a try – it’s free and easy to use.