I was never taught how to handle money and that how i ended up here. Teaching myself as i go so i thought i'd document my findings.
Money is such an easy concept. Very few technicalities but that's it. My reason for deciding to want to know how to handle money is solely because i don't have stuff. I realized that even the simplest most basic stuff i don't own.
I don't have alot so i assume i should just spend it all without any planning. If i'm not careful i might end up doing the same even when i do get alot. So like any normal person i went online and typed in finances. MMFs, investments, REITs e.t.c
After binging videos on youtube i settled on the 50/30/20 rule. Where 50% is bills 30% is savings 20% is whatever tf i want as long as it doesn't exceed the set 20%.
When i said i dont have stuff. I mean my clothes are from 10 yrs ago that i don't even like anymore. I don't have nice shoes. I can't even set aside a few coins to get the cheapest hairstyle. By stuff i don't mean luxurious wants, i mean the most basic needs.
Because of this i've never truly felt that sense of independence. I have had this rule going on for a while now. I realised it gave me a sense confidence i have never experienced before. I am by no means a millionare, but i am proud i can manage the little i have.
I do slip. Spend more than i should, or use money i set aside for one thing to do something else.
But at least now i have a system in place that i go back to.
