The Results of Using a Budget

Here’s the results of using a budget:

This is our monthly income and expenses one year before and three years after starting to use a budget.

A couple of important points:

  • Budgeting takes about 3 months to “work”
    • It’s like learning to ride a bike or drive stick-shift, it is crazy awkward for a while, then it’s fun and easy, taking you anywhere you want to go!
  • Once budgeting starts working, a gap is created between income and expenses
    • This is called “profit” or “margin” and it is awesome!
    • This margin is what is used to build financial security and independence (giving, saving, investing, etc.)

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