Starting Out
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 3 years ago, 06/05/2021
Financial Spending Plan % of each Category
I'm very new to the real estate investing scene and learning my first step is getting my finances in order. I've been starting to categorize my spending into Brandon's Financial Spending Plan. I have organized my past spending expenses into categories (with way too much fun money) but now would would like to target certain % of my income more effectively.
Would it be something like below?
Saving/Investment: 25%
Giving: 25%
Fixed Expenses: 20%
Variable Expenses: 20%
Fun Money: 10%
With each fluctuation a small percentage month to month.
Help!