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Making a realistic budget? (hexbear.net)

submitted 2 months ago* (last edited 2 months ago) by [email protected] to c/[email protected]

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I work a travel job where meals are covered, and on my first monthlong work order, napkin maths says I will have just under 10k at the end of it.

Coming from a life where I lived in overdraft and HEROES act was peak living, I have no real idea what to do with this much skrilla.

I use a budgeting app that autopulls from my acccounts, and those show that I spend about $1200 per month without rent expenses.

I aim to put about a third of this money inyo index funds, and do mutual aid where I can, but am wondering what are some things more experienced chapos can offer to take into consideration when budgeting.

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[–] [email protected] 13 points 2 months ago (1 children)

Keep 3-6 months expenses in a High-Yield Savings Account and never touch it, ever. Eliminates nearly all financial stress and lets you actually breathe.

[–] [email protected] 8 points 2 months ago

This. After that, get towards being debt-free.

The personal power you gain by not having a chunk of your mind locked into obligation cannot be underestimated.

Prioritize freedom and well-being, even when the cost is skimping. Then, once you're settled, use some of that extra skrill to buy from sources that are actually ethical, or that are making positive changes in the world.