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...
Most Popular Reply
- Rental Property Investor
- Denver, CO
- 6,193
- Votes |
- 2,752
- Posts
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"