How To Budget: Passively Allocating Income

Is there an easy set-and-forget approach to allocating income to your expenses? Of course! The equations I discuss in this video form the fundamental backbone to the way I allocate my income among my expenses. The equation itself is simple enough, but it is vital that you factor in the correct information when creating your allocation.

The three key scenarios used in the video to illustrate passive income allocation are:

1. Already budgeting (general)
2. Starting a budget with a $0 balance
3. Starting a budget with a positive balance

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