This is how you stay on top of your spending. When you fill up the gas tank, subtract that from the gas budget line under Transportation. When you pay the rent, subtract that expense from Housing. When you make $100 from your side hustle, add that to the side hustle income. That means any money that comes in or goes out gets put into the right budget line. You’ve got to get in there and track your transactions. That gets you literally nowhere with your money. So, you can’t just set up that budget and leave it. This means you’re spending more than you make, and that just won’t work. Now, let’s talk about what to do if you subtract your planned expenses and end up with a negative number. (Aka how to win with money.) They are the seven money goals that will take you from where you are to where you want to be. The 7 Baby Steps are the proven, guided path to save money, pay off debt, and build wealth. Got money left over? First, throw some confetti and do a celebration dance. Practically no one gets this right the first time. If you don’t hit zero at your first pass, welcome to the majority! Yep, that’s right. When you subtract all those expenses from your income, it should equal zero. ![]() Subtract your expenses from your income to equal zero. That way, anything that pops up unexpectedly isn’t a problem-it’s in the budget.ģ.
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