I was not a big fan of budgeting. I always had that excess/deficit whenever.
Until I challenged myself to have ZERO balance every month. This does not imply spending everything, it only means that every single cent is allocated to a specific goal.
For example 70% of all my income goes to investments, 25% to personal spending, 5% goes to a safety fund. My strategy is aggressive and very risky in the short term, but long term, I see it as my means to growing assets. I'm riding out the high growth in the Philippines.
Until I challenged myself to have ZERO balance every month. This does not imply spending everything, it only means that every single cent is allocated to a specific goal.
For example 70% of all my income goes to investments, 25% to personal spending, 5% goes to a safety fund. My strategy is aggressive and very risky in the short term, but long term, I see it as my means to growing assets. I'm riding out the high growth in the Philippines.
