Super Simple Budgeting - what goes in and what goes out.
When you're thinking of a budget think of what comes in and what goes out, put another way, how your cash flows as a function of time. Your ability to control how that cash flows out and into your accounts determines the overall look of your budget. When Financial Hope is planning your budget we are going to look at a few key factors for the foundation.
is money that comes into your account on a reoccurring basis.
Anything that comes out of your account on a recurring basis to the same vendor is a reoccurring expense
expenses that happen regularly but they’re not coming from the same place every time but can be grouped.