Reverse Budgeting
1. Add up the amount per month that we need to save to pay your monthly expenses and reach your short-term goals.
2. Set-up a monthly automatic withdrawal from our main account to a separate account.
“Reverse budgeting simply figures out how much you need to save, & makes those savings automatic.”
This helps us safeguard the portion of our paycheck that we need to pay our bills and build up our emergency savings - so we don’t spend now what we need for the future.
If regular budgeting still has you pulling your hair out this is a super simple way to get your finances on track.