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Updated over 9 years ago on . Most recent reply
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Help me with my Budget!!!! 23 year old
I'm trying to save 1200 a month to invest on new properties. I'm having trouble making a detailed and in depth budget that I can study and stick to over time. Are there any tools you've found that help develop a budget, if so could you share? Also, I was hoping if any one had any advice on budgets specifically how a person can go day to day accounting for every dollar. I'm single, im house hacking. Thank you in advance for helping with your advice...
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I was in this position last year, and I think that budgeting is a good start, but perhaps an even better place to look are in your main life expenses like housing (which you are doing a great job on by house-hacking), transportation, and food. I actually wrote an article on what I did in your position last year:
"How I saved $20,000 in 2014 and used it to invest in Lifestyle Design"