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Lost on how to start budgeting? Use this strategy:
STEP 1 💸
Separate your income from your expenses. Do a breakdown of your income and determine how much of it goes towards essential expenses, such as rent and car payments, etc.
STEP 2 💸
Look for any unnecessary expenses you can eliminate such as unwanted subscriptions or miscellaneous spending.
STEP 3 💸
create your budget based around the 50/30/20 Rule and prioritize paying off debts!
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I’m sharing my financial journey here on Lemon8 so stick around to join me along the way! ✨
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