Financial Series #3 How Much Can I Spend on Food, Housing, Insurance? #personalfinance, #budgeting

In part 3 of our Personal Finance Series we discuss how to know how much to spend in each category. One cannot manage their money using the PFA method (PLUCK FROM AIR), we must have a plan. This will vary in each person's situation, for instance it one lives in a metropolitan area housing might be much higher than a rural area. One then needs to make adjustments in other categories to balance their budget. Remember - OUR FIRST GOAL IS TO GET TO INCOME = EXPENSES. Only then can we proceed to building wealth.

Part 1 Personal Financial Series - WHERE DID MY MONEY GO?
https://youtu.be/tKwRU2KgOjo

Part 2 Personal Financial Series #2 - I HAVE TO KEEP TRACK OF MY
MONEY?
https://youtu.be/i2FUVFzD2oY

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