As much as most people dislike thinking about a budget, there is universal acceptance that this is one of the ways to get hold of your personal finances. Keeping a personal budget comes up in almost every other book about personal finances and still most people are doing it wrong.
I have also tried several times in my life to stick to a budget with various degrees of success. Over the years, I think I got to a good-enough spot, but it still not optimal. Recently, I stumbled upon the book You Need a Budget by Jesse Mecham (link to Goodreads). and my personal process finally clicked with Jesse’s method.
In this article, I will walk you through my mechanism (influenced by YNAB) to track my family’s finances. If you follow the eight steps, you will be able to self-organize your budget.
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