Plan 7: Stacey

Stacey is a dental hygienist making about $66,000 per year after taxes.  She is 27 years old, and single.  She emailed me to ask about making a plan for her money. Background Spending Stacey does not have a budget.  I asked her to write down every single thing she spent money on in the past …

You Need A Budget

Before you can make an effective plan, you need to gather some information.  I'd argue the two most important bits are: How much money is coming in? How much money is going out? Which means, with all due respect to Jesse Mecham: You need a budget. Fortunately: Budgeting is really simple. However: Budgeting is not …