25/07/2022
MONEY MONDAY - BUDGETING
Let me tell you a success story. No, not any success story.
One that is very personal and dear to me.
I share it with you in the hope it will motivate and inspire you.
Budgeting can seem so "unsexy." And yet, it is one of the tools you can use to reach your personal (financial) goals.
A while back, I tried to cut back on my "fix costs."
I sold my car. I canceled the (lovely) office I was renting in Hamburg,
saving almost 12 000 Euros a year.
But the most challenging part? Managing the "other" costs.
Other costs include: going out for dinner, short vacations, and the unanticipated expenses we all know so well.
I made a considerable effort and started budgeting. I became increasingly aware of how much money I truly needed in a week, for example - for getting my food shopping done at the supermarket. That way, I saved roughly an additional 6000 Euros.
So, I was left with an extra 18 000 Euros.
I invested the amount in an apartment, knowing it would leave me with a passive income - and more freedom.
Budgeting helped me a lot in pursuing my personal goals. And it can help you, too.
If you'd like to know more about budgeting and investing, reach out.
I will gladly help you reach your personal financial goals.
Enjoy this new week!
