Daily Juice 001 – Live beneath your means

Daily Juice 001 – Live beneath your means

Odds are, you graduated from high school without being taught basic money lessons. I did. Even when I finished college, there was no personal finance course requirement. Currently, only 13 states currently require high school students to take a personal-finance course to graduate.

For those who didn’t get a chance to learn the fundamentals of money management, I would like to start outlining essential lessons to help you brush up on your personal-finance knowledge.

Lesson #1-  Live beneath your means: We all heard that we need to keep a budget, but, do you know ⅔ of the population rarely stick to it. What’s the way out- I propose to simply spend less than you make. Simple? No, Easy, yes. Figure out how much money you need to live on per month. Now calculate how much you make per month. Subtract expense from income. Anything left over?, if NOT, let’s review your spending, if YES, congratulations you’ve mastered the first lesson.

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Anna Sergunina
Anna Sergunina
anna@mainstreetplanning.com

I'm Anna Sergunina, CFP®, President & CEO at MainStreet Financial Planning, Inc. My passion lies in serving others through financial planning, helping clients achieve their dreams like buying a home, saving for education, or retiring early. With over two decades in the industry and a CFP designation since 2009, I'm dedicated to excellence and continuous growth. Beyond work, I cherish moments with my son Liam, prioritize self-care, and engage in content creation for my Money Boss Parent Podcast and Money Library blog.

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