October 16, 2023
Question:
I'm using an excel spreadsheet to maintain my budget. Is there an easier way to stay on top of it?
Answer:
We are strong believers of reverse budgeting, in which you map out all your "fixed" expenses (like your mortgage, utilities, car payment, etc.), then automate your savings (retirement, education, vacation savings, holiday savings, etc.), and then use the rest for your everyday expenses and needs (like groceries, eating out, personal care, etc.).
We are also strong proponents of paying off your credit card weekly if you use one to ensure you are not losing sight of your spending (this will help you "realize" how much you are spending by the cash in your checking account).
Do your friends ask you financial questions?
Pass those questions on to us at AskRPG@rootedpg.com and we will feature them in our future newsletters.