Hola bellas! Have you ever felt the need to help your family in one way or another financially? What about the internal battles of wanting to help your family but, at the same time wanting the newest Kylie Jenner lip kit? I’m sure you’ve experienced those feelings. Well, I’m here to tell you that with a simple budget, you can do both; help out those closest to you and get that KJ lip kit. Ready to learn the basics of budgeting?!<\/p>\n
Below are the steps to creating a simple budget. FYI, I’ve been using this budgeting approach for a very long time, and it has helped me:<\/p>\n
\u2022Buy my first car, in all cash (You’re probably thinking, how is that even possible?)<\/p>\n
\u2022Helped me pay for my college without any student debt (Say what? Yes, you can make that happen too!)<\/p>\n
\u2022Allowed me to buy my first Louis Vuitton bag and all my designer bags after that<\/p>\n
\u2022Paid for my trip to Europe and all the trips after that<\/p>\n
\u2022Helped me save for a down payment to buy my first home<\/p>\n
So, as you can see, a budget has allowed me to get a lot! Get not only things I wanted but also things I needed and mattered to me. Most importantly, it has helped me stay out of debt<\/a>, which, that on its own, has helped me save<\/a> lots of money by not having to pay interest.<\/p>\n I’m sure you know the debt in our country is a huge deal.\u00a0 According to debt.org, “American household debt hit a record $13.21 trillion in 2018. If you had to write that check, it would read $13,210,000,000.00”. According to a 2018 Northwestern Mutual survey, for those 35 years old and under, the largest sources of debt include student loans and credit cards.\u00a0 So, you want to keep yourself far away from those stats by creating a budget and staying out of debt!\u00a0 Ultimately, it’s not how much you earn, but how well you manage what you make!<\/p>\n