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Managing yourfinancesis tricky.
Its normal to feel overwhelmed.
One way to get on top of your finances is to implement a routine, specifically a payday routine.
Once you establish a routine, making money moves becomes a habit, and its much less stressful.
Try her routine tomake managing your money easier.
Her preferred budgeting method is zero-based budgeting.
In this method, you allocate every dollar of your income toward specific purposes in your budget.
Its called zero-based budgeting because your total monthly income minus your budgeted expenses should be zero.
Cruze recommended the budgeting app Every Dollar to help create your budget.
Input your monthly costs for these four categories on the other side of your budget.
Whatevers left of your income after subtracting these essential expenses is available for you to prioritize.
Cruze recommended listing your debts from the smallest to the largest balance, regardless of their interest rates.
This debt repayment strategy is known as the snowball method.
check that every dollar of your income has a purpose in your budget.
it’s possible for you to always adjust these numbers during the month as needed.
Your emergency fund is a cushion between you and life.
A full emergency fund contains between three and six months worth of living expenses.
Start putting your extra money toward building up your emergency fund each month.
However, its not enough to simply deposit money into these retirement accounts.
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