Stephen Berkley - How to Control Your Finances - Save Money, Increase Income, Invest, & Grow your Networth

By Stephen Berkley

Copyright 2019

Third Edition, License Notes

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This book is intended for personal reference material only. This book is not to be re-sold or redistributed to individuals without the consent of the copyright owner. If you did not pay for this book or have obtained it through illicit means then please purchase an authorized copy online. Thank you for respecting the hard work of this author.

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This author and or rights owner(s) make no claims, promises, or guarantees in regards to the accuracy, completeness, or adequacy of the contents of this book, and expressly disclaims liability for errors and omissions in the contents within. This product is for reference use only. Please consult a professional before taking action on any of the contents found within.

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Contents

How to Control Your Finances: Save Money, Increase Income, Invest, & Grow your Networth How to Control Your Finances: Save Money, Increase Income, Invest, & Grow your Networth By Stephen Berkley Copyright 2019 Third Edition, License Notes

Preface Preface We want to take a moment to say thank you for purchasing our guide online. HiddenStuff Entertainment remains one of the top app and eBook publishers online. It is our commitment to bring you the most important information to enrich your life. We sincerely hope that you find this guide useful and beneficial in your quest for betterment. We want to provide readers with knowledge and build their skills to perform at the highest levels within their topics of interest. This in turn contributes to a positive and more enjoyable experience. After all, it is our belief that things in life are to be enjoyed as much as they possibly can be. If you are in need of additional support or resources in regards to this guide, please feel free to visit our webpage at Hiddenstuffentertainment.com

Introduction Introduction How to Successfully Live Within Your Means Having a sense of financial responsibility will do a lot for you like promoting your financial health life. Living within your income simply means you only spend what is below or equal to what you earn in a period of one month. For several people, this is easier on paper. Loans, credit cards, and emergency funds let you spend more than your monthly income. Sadly, that lifestyle is not going to sustain you for a long time, and sooner or later you are going to suffer the consequences. All your savings as well as access to credit would be exhausted and at that point, you’d have to ensure some adjustments or man up to financial ruin.

How to Successfully Live Within Your Means

Know What You Earn Know What You Earn For anyone seeking to live a life of contentment, you need to ascertain what your spending limits are. Knowing how much your yearly salary is or how much you earn per hour is not going to assist you to a life of contentment. You are expected to have knowledge of your net income. Also, it’s important you know when your monthly income comes in. That way, you can easily tell if you can pay certain bills or not. Since the bulk of bills are catered for monthly, you need to ascertain the amount of money you get as income on a monthly basis. Multiply your weekly payments times four, while bi-weekly payments can be multiplied times two to arrive at your monthly income.

Spend Less Than What You Earn Spend Less Than What You Earn The moment you have sorted out the amount of money you are making, you would automatically resize your budget to fit your earning. If you still lack any, draft out a budget plan for your expenses, as that can be used to restrain your spending to a large extent. If you had already attempted budgeting and you didn’t get the expected result, try in once more. Sometimes you only need some small alterations to what you call your budget before it can work. Sometimes it is overwhelming trying to do budgeting during a financial period that comes with a lot of stress. Try a technique known as “backwards budgeting.” Pen your income down; remove all the expenses you pay every month. Should you arrive at a negative value, then your spending habits are way more than the required.

Step-Up Your Earning

Stop Banking on Your Credit Card

Forget About Tracking the Joneses

Save For Your Purchases Rather Than Using Your Credit Card to Purchase

Get an Exigency Fund

New To Budgeting? Why You Should Try the 50-20-30 Rule

What’s the 50-20-30 Rule?

How to Commence a 50-20-30 Budget

Why 50-20-30 Rule Can Be Relied On

4 Straightforward Steps for Budgeting

Summary

Conclusion

Having a sense of financial responsibility will do a lot for you like promoting your financial health life. Living within your income simply means you only spend what is below or equal to what you earn in a period of one month. For several people, this is easier on paper.

Loans, credit cards, and emergency funds let you spend more than your monthly income. Sadly, that lifestyle is not going to sustain you for a long time, and sooner or later you are going to suffer the consequences. All your savings as well as access to credit would be exhausted and at that point, you’d have to ensure some adjustments or man up to financial ruin.

For anyone seeking to live a life of contentment, you need to ascertain what your spending limits are. Knowing how much your yearly salary is or how much you earn per hour is not going to assist you to a life of contentment. You are expected to have knowledge of your net income.

Also, it’s important you know when your monthly income comes in. That way, you can easily tell if you can pay certain bills or not. Since the bulk of bills are catered for monthly, you need to ascertain the amount of money you get as income on a monthly basis. Multiply your weekly payments times four, while bi-weekly payments can be multiplied times two to arrive at your monthly income.

The moment you have sorted out the amount of money you are making, you would automatically resize your budget to fit your earning. If you still lack any, draft out a budget plan for your expenses, as that can be used to restrain your spending to a large extent. If you had already attempted budgeting and you didn’t get the expected result, try in once more. Sometimes you only need some small alterations to what you call your budget before it can work.

Sometimes it is overwhelming trying to do budgeting during a financial period that comes with a lot of stress. Try a technique known as “backwards budgeting.” Pen your income down; remove all the expenses you pay every month. Should you arrive at a negative value, then your spending habits are way more than the required.