Lesson 2 Budgeting

In order to create an investable asset, you first need to create a budget

1. Take your regular expenses, such as rent, car payment, gas (for normal work), utilities, etc and lay out a monthly expenses

2. Take your annual payment, such as annual dues, credit card fees, DMV registration, Auto insurances (once every six months), etc and spread out how much you need to reserve each month

3. Unpredictable expenses, family trip, weddings, auto repairs, medical expenses and make some estimates what that amount to and come up with a monthly budget to accumulate. Some banks allow creation of sub accounts. For example, capital online banks