This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual to Building Liberating Wealth on a Low to Medium Income.

How to stick to your budget

Different people have different tricks for adhering to their budget.  Some only spend in cash.  For example, imagine a budget of $2,000 a month, excluding savings.  One could withdraw $500 from an ATM each Monday and try to last until the next Monday until withdrawing any more.

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This is an extract from Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Guide to Building Liberating Wealth on a Low to Medium Income.

More handy hints for managing your money

– It might be possible to have deductions automatically taken from your salary or bank account and put into a savings account or investment, if you’re ready for that.  Setting this up once can help if willpower is a problem.

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This is an extract from The Poor Man’s Guide to Financial Freedom: A Realistic, 10-Step Manual for Building Liberating Wealth on a Low to Medium Income.

Here is an absurdly simple, example budget for one month to give you an idea of how it works. 

Imagine this is your budget, that you do not yet have an emergency fund saved and that the monthly payment on the car loan listed is the minimum allowed:

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